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Economic News
UK households more cautious about major purchases: IHS Markit
LONDON (Reuters) - British working-age households are growing more cautious about making major purchases amid concerns about Brexit and a…
Strong U.S. retail sales ease gloom over economy
By Lucia MutikaniWASHINGTON (Reuters) - U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on…
Australian jobs boon at risk as RBA warns businesses against turning glum
By Swati Pandey and Wayne ColeSYDNEY (Reuters) - As the Sino-U.S. trade war raise fears of a global recession, businesses run the risk…
U.S. weekly jobless claims unexpectedly fall
By Lucia MutikaniWASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits unexpectedly fell last…
Indian auto executives seek tax cuts, easier finance access to revive sales: sources
By Aditi Shah and Aftab AhmedNEW DELHI (Reuters) - India's auto industry demanded tax cuts and easier access to finance for dealers and…
Exclusive: China warns India of ‘reverse sanctions’ if Huawei is blocked – sources
By Sanjeev Miglani and Neha DasguptaNEW DELHI (Reuters) - China has told India not to block its Huawei Technologies from doing business…
China warns of retaliation after Trump threatens fresh tariffs
By Andrea Shalal, Alexandra Alper and Huizhong WuBEIJING/WASHINGTON (Reuters) - China on Friday said it would not be blackmailed and…
U.S. weekly jobless claims rise; labor market still tightening
By Lucia MutikaniWASHINGTON (Reuters) - U.S. manufacturing activity slowed to a near three-year low in July and hiring at factories…
Hong Kong June retail sales slide, government says protests dent business
By Twinnie Siu and Donny KwokHONG KONG (Reuters) - Hong Kong retail sales, a key part of the city's economy, felt a growing impact in…
U.S., China meet for trade talks as Trump talks tough
By Brenda Goh and David StanwaySHANGHAI (Reuters) - Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid…