Category: Economy

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

WallStreetReview
China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes in Beijing’s central business area, China January 17, 2020. REUTERS/Jason... Read More

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

WallStreetReview
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port in Shenzhen, Guangdong province, China July 4, 2019. REUTERS/Stringer But... Read More

Instant View: China’s economic growth slows to 6.1% in 2019, near 30-year low

WallStreetReview
Instant View: China’s economic growth slows to 6.1% in 2019, near 30-year low
(Reuters) – China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with expectations and steadying from the previous quarter’s pace. FILE PHOTO: Cranes are seen above piles of steel pipes to be exported at a port in Lianyungang, Jiangsu province, China, December 1, 2015. REUTERS/China Daily The growth... Read More

U.S. data point to moderate economic growth, tightening jobs market

WallStreetReview
U.S. data point to moderate economic growth, tightening jobs market
WASHINGTON (Reuters) – U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019. FILE PHOTO: A woman shops at The Grove mall in Los Angeles November 26, 2013. REUTERS/Lucy... Read More

U.S. producer prices nudge up as inflation remains benign

WallStreetReview
U.S. producer prices nudge up as inflation remains benign
WASHINGTON (Reuters) – U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year. FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp... Read More

U.S. producer prices tick up as inflation remains benign

WallStreetReview
U.S. producer prices tick up as inflation remains benign
WASHINGTON (Reuters) – U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year. FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp... Read More

As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion

WallStreetReview
As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion
Dubai (Reuters) – The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds – and its efforts compare favorably. Employees are seen at the Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE December... Read More

Stocks tick lower ahead of U.S.-China ‘Phase 1’ trade deal signing

WallStreetReview
Stocks tick lower ahead of U.S.-China ‘Phase 1’ trade deal signing
TOKYO (Reuters) – Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now. FILE PHOTO: A man is reflected on a board showing stock prices outside a brokerage in Tokyo, Japan, January 6,... Read More

Stocks tread water ahead of signing of initial U.S.-China trade deal

WallStreetReview
Stocks tread water ahead of signing of initial U.S.-China trade deal
TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1,... Read More