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April 27, 2017

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Business > Global Markets
Europe's main stock markets faltered on Wednesday, having rallied this week on French election news, but the euro scored a near five-month high against the dollar.
 
Swiss bank Credit Suisse has reported a return to profit in its first quarter, while announcing plans to raise about 4 billion Swiss francs by issuing new shares in the coming weeks.
 
Smartphone app lets you 'walk a mile in a refugee's shoes'
The United Nations helped launch a smartphone app Tuesday that allows users to "walk a mile in a refugee's shoes" by simulating the daily struggles of a fictional Rohingya Muslim who was forced to flee her home.
 
Stock markets mostly rose Tuesday following the previous session's record runs triggered by the first-round result of France's presidential election.
 
Europe's stock markets and the euro surged Monday after moderate candidate Emmanuel Macron won the first round of France's presidential election and looked set to triumph in the runoff against far-right candidate Marine Le Pen next month.
 
Finance leaders dodge conflict with Trump White House
Global finance leaders sought to avoid conflict with the Trump administration over trade and environmental policy and welcomed signs the world economy is pulling out of the doldrums.
 
In another in the growing chorus of warnings against a rise in protectionism, the head of the OECD said Wednesday governments should defend free trade by making their economies more, not less, inclusive.
 
European stock markets slid Tuesday with political uncertainty dominating as Britain called a snap general election and France's presidential race tightened.
 
Asian markets moved cautiously Monday even as Chinese economic growth data beat expectations, with geopolitical concerns weighing on sentiment.
 
Automakers converge on China as slowdown looms
Global carmakers converge on China for the Shanghai auto show this week, with the industry bracing for a sharp sales slowdown and potential price war as competition stiffens in the world's biggest car market.
 
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