Linda Yueh on Muck Rack

Linda Yueh Verified
Chief Business Correspondent — BBC
As seen in:  BBC, Marketplace

BBC Chief Business Correspondent; Econ Fellow, Oxford; Adjunct Prof LBS; Visiting Prof Peking Univ; BBC Talking Business with Linda Yueh

China’s noblesse oblige — A record 290 new billionaires have joined the ranks of the richest in the world, leading the Forbes rich list to register a record 1,826 of the wealthiest people in the world. Of these, a quarter of the newcomers were from China and a record number of young billionaires were added (46 billionaires are under the age of 40).

Ireland's manufacturing sector buoys eurozone output — Manufacturing output in Ireland has risen to its highest level in more than 15 years, according to the Markit Purchasing Managers' Index (PMI). Accelerated growth in both new orders and production pushed Ireland's PMI to 57.5 in February. A figure above 50 suggests expansion. Overall eurozone manufacturing PMI held steady in February at 51.0.

The Bank of England's theory of everything — It is not quite astrophysics, but monetary policy is undergoing a radical rethink. Setting interest rates is not the only thing the Bank of England focuses on anymore. But what does the newly expanded powers of the central bank mean for rates?

South African budget raises taxes and cuts spending — South Africans were told on Wednesday to prepare for higher taxes, cutbacks in spending and three more years of power cuts. The government's annual budget outlined a 1% increase in personal income tax and spending cuts of 25bn rand (£1.4bn; $2.2bn) over the next two years Projected economic growth for 2015 is 2%, down from 2.5% forecast last year.

Mortgage-free households on the rise in England — More properties were owned outright than with a mortgage among households in England for the first time in 2013-14, figures show. Of the 22.6 million households in England, 7.4 million owned their property outright, and 6.9 million had a mortgage, the English Housing Survey showed. The rest rented their homes.

A Greek deal - for now — The Eurogroup has agreed a deal with Greece to extend its bailout past 28 February, when the rescued country faced the prospect of not having a financial backstop while it remains still shut out of debt markets. But, as always, the devil is in the detail.

Eurozone business activity at seven-month high, survey says — Eurozone business activity has reached a seven-month high, prompting companies to take on more staff, a closely watched survey indicates. Markit's composite flash purchasing managers' index for February hit 53.5, up from 52.6 in January. Any figure over 50 indicates expansion, while anything under 50 points to a contraction.

UK retail sales fall 0.3% in January — UK retail sales fell 0.3% in January from the previous month, according to figures from the Office for National Statistics. The decline in sales follows a 0.2% rise in December 2014. The January figure was a 5.4% rise on a year earlier, the ONS said.

UK government finances £8.8bn surplus in January — UK government finances showed a surplus of £8.8bn in January, the Office for National Statistics (ONS) has said. The surplus from tax receipts this year is almost double the £4.7bn reported by the ONS in January last year .

Standard Life rises as FTSE 100 dips — (Open): London's leading shares dipped in early Friday trading as efforts continued in Brussels to resolve the crisis over Greece's bail-out. In the opening minutes, the FTSE 100 index fell 1.69 points or 0.02% to 6,887.21. Retail group Kingfisher was the biggest faller on the index, slipping 2.7%.
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Mar 04, 2015

RT @lionelbarber: RT wow Nigeria’s oligarchs lose billions of dollars from oil price and currency falls

Mar 04, 2015

China has a million millionaires & 1 out of 7 are rich in Shanghai. Met VC who says fuerdai/2nd gen work & play hard.

Mar 03, 2015

View from 50% occupied commercial office building after 2 years in Shanghai; used to fill up to 100% in just 8 months

Mar 03, 2015

Greek bonds rally after talk of a 3rd bailout being negotiated with EZ, so investors expect to be repaid #UturnIfSo

Mar 03, 2015

Heard in Shanghai that a basic requirement for anyone founding a tech start-up in China is the ability to circumvent Great Firewall #6routes

Mar 03, 2015

RT @TheStalwart: "About 90 % of bidders at a real estate auction of government-owned apartments in Lisbon last year were Chinese."…

Mar 03, 2015

Economic pain to try & keep capital in... #Ukraine central bank raises refinancing rate to 30% via BBG

Mar 03, 2015

@george_chen wasn't that the name after the late 1990s merger? This came from Wang Jianlin who points to eg Qingdao Haier vs national SOEs

Mar 03, 2015

RT @nivincent: @lindayueh yes in the 90s privatisation process, lots of state-owned firms dropped 中国 in their names.

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