BEIJING — China on Friday reported strong growth in retail sales and a decline in real estate investment in October, signaling that the country's recent stimulus push has already worked to bolster certain sectors of its flagging economy. Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said...
Britain’s motor finance industry is in crisis – with banks bracing for billions in payouts
View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Britain's motor finance industry is in disarray, with analysts...
Fed’s Kashkari says Trump tariffs could reheat inflation if they provoke global trade ‘tit for tat’
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals...
China expected to announce highly anticipated fiscal stimulus package
BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting. Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support,...