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