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Archive for the May 13, 2017

    • News Desk
    • May 13th, 2017
    • Comments Off on US retail sales rise broadly; consumer prices rebound

    US retail sales increased broadly in April while consumer prices rebounded, pointing to a pickup in economic growth and a gradual rise in inflation that could keep the Federal Reserve on track to raise interest

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    • News Desk
    • May 13th, 2017
    • Comments Off on China central bank shuffles market funding, injects medium term cash

    China's central bank injected fresh funds through a medium-term lending facility on Friday while keeping a tight rein on short-term funding in what appeared to be a further effort to dampen speculative investment while keeping

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  • The proportion of cars being bought in Britain on credit is rising, according to data released on Friday, as a regulator begins a review into how finance plans are sold due to fears of irresponsible

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    • News Desk
    • May 13th, 2017
    • Comments Off on US complains to China about North Korea’s attendance at Silk Road summit

    The United States warned China on Friday that North Korea's attendance at a weekend summit on China's new Silk Road could affect the participation of other countries, casting a shadow over what is Beijing's biggest

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    • News Desk
    • May 13th, 2017
    • Comments Off on Nepal signs up to China’s new Silk Road plan

    Nepal on Friday signed up to China's new Silk Road drive, a massive infrastructure project spanning some 65 countries at the centre of the Asian giant's push to expand its global influence. The long discussed

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    • News Desk
    • May 13th, 2017
    • Comments Off on ArcelorMittal notches up $1 billion profit

    Global steel giant ArcelorMittal said Friday that "positive market momentum" and rising shipments enabled it to swing back into profit in the first quarter of 2017. ArcelorMittal said in a statement that it booked a

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    • News Desk
    • May 13th, 2017
    • Comments Off on ArcelorMittal notches up $1 billion profit

    Global steel giant ArcelorMittal said Friday that "positive market momentum" and rising shipments enabled it to swing back into profit in the first quarter of 2017. ArcelorMittal said in a statement that it booked a

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    • News Desk
    • May 13th, 2017
    • Comments Off on China, US seal trade deal as ties warm

    Beijing and Washington announced Friday an agreement giving US beef, natural gas and certain financial services access to China's massive market in a deal highlighting the warm ties nurtured by their presidents. The US in

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  • Indian shares ended lower on Friday, after jumping to record highs twice this week, as investors turned cautious ahead of inflation data and booked profits in recent outperformers. The broader NSE index closed down 0.23

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  • Tokyo stocks finished lower Friday, hit by a strong yen and profit taking, with traders awaiting earnings from a string of companies including auto maker Suzuki and cosmetics firm Shiseido. The Nikkei 225 index has

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