Ap­ple to make $1bn Texas bid

Financial Mail - - MARKET WATCH -

Ap­ple will in­vest $1bn to build a sec­ond cam­pus in North Austin, Texas, and an­other $10bn on new data cen­tres over the next five years, as it aims to cre­ate 20,000 jobs in the US.

US Pres­i­dent Don­ald Trump has warned of slap­ping tar­iffs on iphones and other Ap­ple prod­ucts im­ported from China, a ma­jor con­sumer mar­ket for the Cal­i­for­nia-based com­pany.

Reuters

Ap­ple’s an­nounce­ment fol­lows a prom­ise in Jan­u­ary to in­vest $30bn in the US and comes as com­pa­nies with man­u­fac­tur­ing op­er­a­tions out­side Amer­ica have been fac­ing po­lit­i­cal pres­sure to ramp up in­vest­ments at home ECB to stop its print­ing presses

The Euro­pean Cen­tral Bank (ECB) is all but cer­tain to end its lav­ish bond pur­chase scheme, but will take an in­creas­ingly dim view on growth, rais­ing the odds that its next step in re­mov­ing stim­u­lus will be de­layed.

The long-flagged end of bond buys must be ir­re­versible for the sake of cred­i­bil­ity, but with France and

Italy in po­lit­i­cal tur­moil, Brexit in flux and growth slow­ing, ECB chief Mario Draghi will be keen to em­pha­sise other forms of sup­port.

Reuters

PLANT­ING IN THEIR BACK­YARD

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