BMW, the German luxury car maker, warned of a difficult trading outlook for the rest of year, citing uncertainty in China, Europe and the U.S. which helped send its stock price lower despite reporting improved first-quarter net profit.
Hanjin Shipping, South Korea’s largest container operator by capacity, reached out to owners of its chartered fleet and terminal operators to say it can’t survive unless they help with its debt restructuring.
India’s economy expanded by 7.3% last year, outpacing every other major nation, including China, for the first time in nearly two decades. But as with most developing countries, India’s economy defies easy measurement.
This week, data releases will shine a light on U.S. job growth in April and the trade gap for March, plus offer updates from the manufacturing sector in the U.S., China, Japan and other major economies.