Six warning lights flashing for China’s slowing economy

Six warning lights flashing for China’s slowing economy
BEIJING (Reuters) – China’s $13 trillion economy is slowing and indicators showing that range from freight shipments to factory power generation and from employment to expenditures on entertainment. A crane lifts a container from a truck next to a cargo vessel at a port in Yantai, Shandong province, China October 17, 2019. REUTERS/Stringer China releases gross domestic product data on... Read More

China third-quarter GDP grows 6%, slowest pace in almost three decades

China third-quarter GDP grows 6%, slowest pace in almost three decades
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home. Workers look at cranes lifting containers onto cargo vessels at a port in Yantai, Shandong province, China October 17, 2019.... Read More

China third-quarter GDP grows 6% year-on-year, misses expectations

China third-quarter GDP grows 6% year-on-year, misses expectations
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war. People walk on a crossing with light signals for pedestrians near shopping malls in Shenyang, Liaoning province, China October 16, 2019. REUTERS/Stringer... Read More

Oil prices steady, all eyes on data seen showing China GDP growth slowdown

Oil prices steady, all eyes on data seen showing China GDP growth slowdown
SEOUL (Reuters) – Oil prices were stable on Friday ahead of data that analysts say could show China, the world’s largest oil consumer, just recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province,... Read More

AT&T, Elliott in talks after activist campaign launched: sources

AT&T, Elliott in talks after activist campaign launched: sources
NEW YORK (Reuters) – AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Elliott is pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations in one of... Read More

Judge summons drug company CEOs to discuss opioid settlement: source

Judge summons drug company CEOs to discuss opioid settlement: source
(Reuters) – The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday. FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during... Read More

Goldman wants traders to be more like dealmakers and coders

Goldman wants traders to be more like dealmakers and coders
NEW YORK (Reuters) – Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers. FILE PHOTO: The ticker symbol and logo for Goldman... Read More

UAW will keep GM strike going while members vote on new contract

UAW will keep GM strike going while members vote on new contract
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers higher pay for full-time workers and better terms for temporary workers, but allows the automaker to close three U.S. plants. Striking United Auto Workers (UAW) members rally in front of... Read More