Dutch brewer Heineken Wednesday reported a steep drop in beer sales in the third quarter, driven by a sharp decline in the United States and Europe and a "challenging" economy.
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Argentina's central bank said Tuesday it had sold $45.5 million dollars on the foreign exchange market to try and halt a run on the peso days ahead of midterm elections that have put pressure on the currency despite substantial US financial aid.
China's economy grew at its slowest pace in a year last quarter, official data showed Monday, as high-ranking leaders kicked off a closely watched meeting in Beijing focused on long-term policy planning.
China's ruling Communist Party will on Monday kick off four days of key closed-door discussions, formulating core economic strategy for coming years as growth flags and trade headwinds mount.
A senior member of the US Federal Reserve on Friday indicated he could back another interest rate cut later this month, while urging a meeting-by-meeting approach going forward.Â
China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States.
Mortgage rates fell for the third week in a row on signs that businesses are reluctant to hire.The average rate on a 30-year fixed-rate mortgage fell 14 basis points to 6.11% APR in the week ending Oct. 16, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage...
It is absolutely critical for European countries to boost growth and productivity to catch up with the United States, a senior IMF official told AFP, calling on policymakers to make "smarter" spending choices.Â
China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
