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Those are the latest headlines from BBC World News. Now for the latest | :00:04. | :00:14. | |
:00:14. | :00:18. | ||
Welcome to World Business Report. Company profits under pressure as | :00:18. | :00:23. | |
the US earnings season kicks off, feeling investor concerns about the | :00:23. | :00:33. | |
:00:33. | :00:34. | ||
whole economic recovery. China's wins back. -- China swings back. | :00:34. | :00:39. | |
Import and export growth slows. The last international flight for | :00:39. | :00:49. | |
:00:49. | :00:51. | ||
Kingfisher Airlines as it struggles Before we take a look at the US | :00:51. | :00:55. | |
economy and the concerns there, we have had some positive news from | :00:55. | :01:01. | |
China in the last hour. Stronger than expected exports came through | :01:01. | :01:11. | |
:01:11. | :01:12. | ||
There are two sides to these trade numbers which try nap released a | :01:12. | :01:19. | |
few hours ago. The positive angle is that Trina returned at a surplus | :01:19. | :01:29. | |
:01:29. | :01:31. | ||
in March. -- try -- China. Exports have slowed to reduce the demand | :01:31. | :01:35. | |
for Chinese products overseas, particularly from its main markets, | :01:35. | :01:39. | |
the United States and Europe. Imports have also weakened as the | :01:39. | :01:46. | |
main mind's rapid economic growth slows as well. -- mainland. Last | :01:46. | :01:51. | |
month's global trade surplus came in at 5.3 billion US dollars and | :01:51. | :01:58. | |
that it is indeed a big turnaround from the February deficit of 31.50 | :01:58. | :02:04. | |
billion US dollars. It is a bad sign for many countries, such as | :02:04. | :02:10. | |
Australia and Brazilian countries. It counts on China for oil and | :02:10. | :02:19. | |
industrial components. One economist I spoke to Ellis said the | :02:19. | :02:26. | |
forecast it will come in at 8.3%. Analysts are expected to fall even | :02:26. | :02:31. | |
further, not only in the past quarter, but in this quarter and | :02:31. | :02:38. | |
the court has to come. Before that trade data came in, | :02:38. | :02:44. | |
businesses had been brooding over Friday's wig US jobs figures. It is | :02:45. | :02:54. | |
:02:55. | :02:59. | ||
earnings seasons. -- weak. Google will report later in the week, | :02:59. | :03:05. | |
followed by JP Morgan and Wells Fargo. Alcoa could set the tone for | :03:05. | :03:08. | |
this opening season when it releases its numbers. The mood | :03:08. | :03:15. | |
among investors is pessimistic. Of the 105 companies in the 500 index | :03:15. | :03:20. | |
who had estimated their own needs ahead of time, 64% fell short of | :03:21. | :03:25. | |
analysts' expectations. I think the biggest driver of the slowdown is | :03:25. | :03:30. | |
tougher comparisons. In the wake of the global financial crisis, | :03:30. | :03:34. | |
earnings collapsed and in I was easy to stroll -- showed strong | :03:34. | :03:42. | |
profit growth. Now the comparison is harder. We tie energy costs, and | :03:42. | :03:49. | |
is slow way in China, US companies may find it hard to make profit. | :03:49. | :03:55. | |
Employees will have fewer staff than expected in March. -- employee | :03:55. | :04:02. | |
has to go on. It is not all bad news for all companies. A new | :04:02. | :04:06. | |
aerospace factory opened last week. They will make parts for Boeing. | :04:06. | :04:11. | |
see strong demand for our products and we will continue to expand both | :04:11. | :04:15. | |
our internal and external supply chains so we can meet that demand. | :04:15. | :04:23. | |
After a couple of years of growth, a reversal would not be welcome. A | :04:23. | :04:26. | |
could spark concerns about the strength of the US economic | :04:26. | :04:36. | |
:04:36. | :04:39. | ||
But as try and put all these things together. -- let us try. Quite | :04:39. | :04:44. | |
difficult to know where we are. How important is it that Tyneham's | :04:44. | :04:53. | |
exports are growing again? -- China. It is important. The trend is lower | :04:53. | :05:03. | |
:05:03. | :05:05. | ||
and slower. The surplus is smaller. The Adlard is getting slower. Oh -- | :05:05. | :05:15. | |
:05:15. | :05:19. | ||
the economy is slowing down as one of -- as well. Leicester mind in | :05:19. | :05:26. | |
terms of exports and more figures domestically but that is not strong | :05:26. | :05:34. | |
as well. -- less than demand. It is probably unlikely. Europe still has | :05:34. | :05:40. | |
to go through... It is still a recession over there? Yes. | :05:40. | :05:46. | |
Certainly in Gem income I think you will see some growth. -- in Germany. | :05:46. | :05:56. | |
:05:56. | :05:59. | ||
You have forestay if he gets around -- Europe will stay when they get | :05:59. | :06:09. | |
the Europe around. You see the corporates taking account of their | :06:09. | :06:12. | |
situation. They have been cutting costs. They find themselves in a | :06:12. | :06:17. | |
situation where demand has come up, margin has come a bit record levels. | :06:17. | :06:24. | |
This is as good as it gets. After this, the demand will be the | :06:24. | :06:28. | |
figures to look at this week. Is divide beginning to weaken? This is | :06:28. | :06:32. | |
what the markets will be discounting. Look at that. I | :06:32. | :06:38. | |
looking a bit weaker. Huge cash power was building up but very | :06:38. | :06:42. | |
little investment. As you saw with Apple, they give it back to | :06:42. | :06:48. | |
investors. The vital word is messing - confidence. The | :06:48. | :06:51. | |
atmosphere is corporate going on a spending spree to buy other | :06:51. | :07:01. | |
corporates. Were have not seen that. I was worried about it. | :07:01. | :07:09. | |
Final flight from Delhi to Heathrow today. India's Kingfisher airlines | :07:09. | :07:12. | |
suspended all international operations. It has been forced to | :07:12. | :07:18. | |
curtail large numbers of flights as a looks to cut costs and recoup | :07:18. | :07:25. | |
profits. Beset by financial troubles and | :07:25. | :07:30. | |
waves of flight cancellations, Kingfisher Airlines has slashed | :07:30. | :07:35. | |
rates. Part of its so-called plan announced in March, the airline has | :07:35. | :07:45. | |
:07:45. | :07:46. | ||
a scaled back to 120 flights a day. A although the airline says this is | :07:46. | :07:51. | |
a temporary measure. For the time being, all its national flights to | :07:51. | :08:00. | |
eight overs eight oversnations in Europe and Asia has been halted. | :08:00. | :08:05. | |
Tough competition on ticket prices have pushed Kingfisher airlines | :08:05. | :08:09. | |
deep into the red for stops and so was lodged in 2005, the airline has | :08:09. | :08:15. | |
never made a profit. Over the final three months of 2011, it was losing | :08:15. | :08:24. | |
on average $1 million each day. In the spotlight for months now, the | :08:24. | :08:28. | |
tycoon behind Kingfisher Airlines has had some tough negotiating to | :08:28. | :08:34. | |
do. The career owes money to airports, tax authorities, lenders | :08:34. | :08:43. | |
and it's our own staff. Some of those have been settled and its | :08:43. | :08:53. | |
:08:53. | :08:54. | ||
account unfroze. The airline's percentages have been cleared but | :08:54. | :09:03. | |
with there were fights in the -- with fewer flights, it will not be | :09:03. | :09:11. | |
enough to recoup their costs. Now for the market. Small falls | :09:11. | :09:20. | |
It was closed yesterday for Easter Monday, which the rest of China was | :09:20. | :09:28. | |
not. The Nikkei was not as well. It is there for that is happening in | :09:28. | :09:32. | |
there. The main influence on that was the poor jobs figures we were | :09:32. | :09:37. |