All the day’s financial news, as China defies pessimism by reporting a surprise rise in exports in December * Chinese trade figures beat forecasts... * ...assuming they’re accurate * But Shanghai market falls 2% * European markets rising 11.40am GMT GREECE’S LONG DEFLATIONARY SPIRAL IS OVER. Greek consumer prices rose by 0.4% annually in December (on a harmonised basis) which is the first upward move since February 2013. 10.58am GMT THOUSANDS OF JOBS ARE BEING AXED ACROSS EUROPE BY GENERAL ELECTRIC, INCLUDING IN GERMANY, THE UK AND FRANCE. The US engineering giant is cutting staff following its acquisition of French firm Alstom’s energy division. “Any potential job that will be impacted in France will have to be replaced at the end of the period. “These positions, if we cancel them, will have to be recreated in addition to the 1,000 we promised to create.” General Electric To Cut Up To 660 UK Jobs https://t.co/0Ad8428wR8 pic.twitter.com/bJKTIS34o5 Continue reading...
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