Economy

The state of the world economy
Colombia and Peru's new leaders attract investors

Investors are flocking to Colombia and Peru after the newly elected presidents signaled that they intend to put their market-friendly policies into practice, writes Bloomberg.

Colombia's Abelardo de la Espriella and Peru's Keiko Fujimori have both acted quickly to alleviate concerns about the countries' public finances.

- This is definitely positive news from the perspective of bondholders, says Jared Lou, portfolio manager at asset manager William Blair.

Since de la Espriella's election victory, Colombian government bonds have risen nearly 10 percent - the best in Latin America. At the same time, the Colombian peso and the Peruvian sole have strengthened sharply after the election victories of right-wing candidates. 

The tariff crisis  Trump's tariff policy
Trump's trade ban signals new tariffs

New tariffs are expected from Donald Trump, signals US Trade Representative Jamieson Greer, according to CNBC.

- We expect to see measures shortly, Greer told the channel.

According to information to the Financial Times, several tariffs could be presented as early as this week. But Greer does not want to confirm any exact timetable, as he first "must inform Congress and other interested parties".

Late yesterday, Trump announced new 50 percent tariffs on most goods from Canada. 

The change of power in the UK
The financial elite welcomes Healey: "Safe choice"

The British financial industry welcomes the fact that former Defense Secretary John Healey will become Finance Minister, writes Bloomberg. Unlike other candidates, he is considered to represent less government intervention in the economy.

Steven Fine, CEO of investment bank Peel Hunt, describes Healey as a “very safe” choice.

– Healey knows the Treasury inside and out, which I think is a big advantage, he tells the news agency.

Matthew Beesley, CEO of asset manager Jupiter, says that investors now want clear messages, budgetary discipline and a growth agenda that promotes investment without undermining confidence in public finances.

The situation in the travel sector
Airbus wants to lift profits – and the share price

Airplane manufacturer Airbus presents new financial targets for 2029 and announces a share buyback program worth 5 billion euros, Bloomberg reports.

The company expects to double adjusted operating profit to 12-13 billion euros per year by 2029, while production is set to increase.

Tuesday’s announcement comes at a time when demand for new aircraft is near record levels and Airbus wants to support a share that has developed weakly this year.