China’s economic growth will be largely stable in the third quarter as the impact from a stock market plunge will be limited, the National Bureau of Statistics said on Friday. Bureau spokesman Sheng Laiyun also defended the accuracy of Chinese data – amid widespread scepticism – saying that the 7 percent growth pace reported for the first half was “generally in line with” changes in the country’s power consumption, rail
U.S. stocks fell 1 percent, pressured by declines in global markets, as investors awaited a post-close speech from Fed Chair Yellen.
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Volkswagen’s supervisory board will pick the head of sports-car maker Porsche as its next chief executive to succeed Martin Winterkorn who resigned on Wednesday, a source familiar with the matter told …
U.S. stocks fell more than 1 percent, pressured by declines in global markets, as investors awaited a post-close speech from Fed Chair Yellen.
The May 2014 indictment of five Chinese soldiers accused of hacking US companies to steal trade secrets seemed to be the end of the road and the case had gone quiet. But US authorities are warning the …
Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years. New-home sales surged 5.7 percent last month to a seasonally adjusted …
Shares of the world’s biggest construction and mining equipment maker, which has also been hit by a slowdown in industrial activity in China, fell as much as 8 percent to a five-year low of $64.65 on Thursday. Caterpillar said it expected revenue to fall for the third straight year in 2015, to $48 billion. Caterpillar said it would cut 4,000-5,000 jobs by the end of 2016, most of them in
With the tape acting ill tempered and untrustworthy, with many indicators showing late-cycle fatigue, investors are showing unease as they play the game of “We’ll see” on at least three broad fronts.
The number of Americans seeking unemployment benefits rose slightly last week yet remained at a low level consistent with solid job growth. Weekly applications for jobless aid rose 3,000 to a seasonally …