China's underlying economic health is strong, says China Confidential editor James Kynge, commenting on the country's latest GDP figures. He tells FT capital markets correspondent Robin Wigglesworth that high levels of bond issues indicate a resilient corporate sector. Related Articles: http://www.ft.com/intl/cms/s/0/1ead6442-16b6-11e2-b1df-00144feabdc0.html http://www.ft.com/intl/cms/s/2/8514c0dc-17af-11e2-9530-00144feabdc0.html For more information on the Chinese economy visit: http://www.ft.com/world/asia-pacific/china/economy
http://www.FT.com/ After circling the globe, Peter Marsh, the FT's manufacturing editor, sees a 21st century that requires companies to make the best of their sometimes idiosyncratic localities.
CEO of Allianz SE Diekmann smiles before news conference in Munich Allianz said it expects first quarter profits to rise more than 50 percent after fewer-than-expected payouts for natural disasters in the first three months of this year. In a statement released in advance of next week's formal earnings report, Europe's biggest insurance group said net income should reach €1.4bn while operating profit should rise by at least 53 percent to €2.3bn
Commerzbank CEO Martin Blessing Commerzbank posted a bigger-than-expected dip in first quarter profits and warned the European debt crisis would continue to slow earnings growth at Germany's second-largest lender.
European shares hit five-month low European shares posted sharp declines and the single currency fell to a five-month low Tuesday after Alexis Tsipras, the leader of the Left Coalition party tasked with forming a new government in Greece, said voters have rejected the terms of the EU and IMF -led bailouts, declaring the austerity terms linked to them "null and void." The euro sank below $1.30 after the statement and shares across the region gave back modest earlier gains as Tsipras seemed to suggest a wholesale withdraw from the €174 billion bailout if his Syriza party is able to form a new government after failed attempts by the election's first-place finisher, New Democracy. "The popular verdict clearly renders the bailout deal null," he told reporters in Athens, adding that he wants an international commission to examine if terms of the so-called PSI portion of the bailout is legal. The broadest measure of blue chip share price performance, the FTSE Eurofirst 300, slid 1.4 percent after the statement, reversing an earlier gain, to trade at 1,020.15, the lowest level since early January. German bund futures for June delivery hit an all-time high of 142.46 as traders bet on a flight to safety as investors and pension funds exit riskier markets.
http://www.FT.com/ Japanese manufacturers are under pressure from a high yen and cheaper Asian competitors. The FT's Jonathan Soble visits one small Tokyo SME that is trying to survive by producing high end components for the Japanese defence and space industries.
The housing crisis and a wave of factory closings hit Ohio hard during the recession, but the state is starting to show small signs of recovery.