Economy

UK retail sales bounce back strongly from snow impact

May 24, 2018

Official figures show that retail sales bounced back strongly in April after a weather hit the previous month

Germany's Merkel in China to talk trade, Iran, human rights

May 24, 2018

German Chancellor Angela Merkel has met with Chinese Premier Li Keqiang on her visit to China amid tension in Beijing and the European Union over trade issues with the United States and Washington's rejection of the Iran nuclear deal

China pledges to work seriously with US ahead of Ross' visit

May 23, 2018

China's government has pledged to work conscientiously with Washington on resolving a sprawling trade dispute ahead of a visit by U.S. Commerce Secretary Wilbur Ross to Beijing

Global stocks fall amid weak data, worries over Koreas

May 23, 2018

Stock markets are mostly after weak European economic data and as U.S. President Donald Trump raised doubts that a summit with North Korean leader Kim Jong Un will take place as planned

Eurozone economy's slowdown may be longer than expected

May 23, 2018

The much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by.

Another drop in UK inflation dims prospect of rate hike soon

May 23, 2018

Official figures show that inflation in Britain eased further back towards the Bank of England's target during April

Asian shares fall amid worries over US-China trade, Koreas

May 23, 2018

Asian shares mostly lower amid worries over US-China trade, Koreas

China cutting auto import taxes as of July 1

May 22, 2018

China to slash auto import duties as of July 1 following promises to buy more U.S. goods and end restrictions on foreign ownership in the industry

Bank of England spells out cost of Brexit to households

May 22, 2018

Britain's top central banker says the country's vote nearly two years ago to leave the European Union has already cost the average household in the country 900 pounds

China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry

May 22, 2018

China reduces auto import duties effective July 1 following pledges to buy more U.S. goods, ease controls on industry

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