Q4 Outlook: Entering the final stretch
The Ivy Investments team discusses the global economy outlook as we head into the close of 2018.
Hong Kong, a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online – reports CNBC.
Boeing and Embraer announced a joint venture in July as a way for the U.S. manufacturer to produce regional jets, reports USA Today.
For years, China has been the world’s biggest importer of used plastic, buying 106 million tons of old bags, bottles, wrappers and containers annually, according to Bloomberg. So last year, when the country announced it would cease buying the world’s trash, other governments knew they had a problem, but were unsure how big of a problem.
Chinese airlines are buying foreign flying schools and poaching pilots, which is amplifying a talent shortage that has affected airlines in other regions, reports the Financial Times.
An April 4 report from the Motion Picture Association of America (MPAA) reports that worldwide box-office revenue grew 5% to $40.6 billion in 2017, even as movie-going slumped in the U.S. and Canada, according to Bloomberg.
The Wall Street Journal reports the owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship’s exhaust before letting it out.
According to Reuters, China will soon be dethroned by Japan as the top holder of U.S. government debt. Why? The Chinese central bank has been dipping into its foreign exchange reserves to support the yuan, while its Japanese counterpart has been content to allow the yen to weaken.
Japan's small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, according to Reuters.
Indian Prime Minister Narendra Modi’s “Make in India” program, designed to bring more high-grade manufacturing to the subcontinent, is facing a labor shortage, according to the Wall Street Journal.
Indian Railways has slashed the cost of transporting iron ore exports for the first time since March of 2012, according to The Economic Times.