Newspaper article International New York Times

Business: The Week Ahead

Newspaper article International New York Times

Business: The Week Ahead

Article excerpt

As compiled by the editors of the International New York Times.

Chief of troubled company may share medical test data

Elizabeth Holmes, the founder and chief executive of the beleaguered blood-testing company Theranos, is scheduled to speak on Monday at the annual meeting of the American Association for Clinical Chemistry in Philadelphia. In an effort to restore Theranos's credibility -- and her own -- Ms. Holmes is expected to present what will essentially be the first data shared by the secretive company about its technology, which is said to require only a finger prick of blood to perform multiple medical tests.

Economists expect expansion in U.S. manufacturing index

On Monday, the Institute for Supply Management will release figures for its United States manufacturing index for July. Economists are looking for a slight softening in the index, as manufacturers continue to grapple with pressure from a strong dollar and weak demand from the energy industry. Still, the index is expected to remain above the crucial threshold of 50, which indicates that the factory sector is continuing to expand rather than contract, in a sign the economy is not about to slip into recession.

Carmakers' new-vehicle sales in U.S. are likely to be flat

Investors will be looking for signs of stagnation in the American auto market on Tuesday, when carmakers report their July sales of new vehicles. Analysts are projecting flat sales compared with the same month in 2015, when the industry set a new annual sales record of 17.4 million vehicles. But some auto executives have recently sounded a note of caution about the market in the United States, predicting that costly discounts on many models would be needed to maintain last year's torrid pace of sales.

British central bank expected to lower interest rates

The Bank of England is widely expected to cut interest rates after signaling that economic pressures from Britain's vote to leave the European Union could necessitate an easing of rates. The British central bank's Monetary Policy Committee has left its benchmark rate steady at 0.5 percent since March 2009, but the central bank said in July that "uncertainty flowing from the referendum result was likely to depress economic activity in the near term. …

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