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

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

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.



6 years ago
U.S. retail sales rise steadily; weekly jobless claims fall

U.S. retail sales rise steadily; weekly jobless claims fall

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.



6 years ago
Senate passes North America trade deal, Canada still to approve

Senate passes North America trade deal, Canada still to approve

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.



6 years ago
China's annual aluminum output falls for first time in 10 years: statistics bureau

China's annual aluminum output falls for first time in 10 years: statistics bureau

China's annual aluminum production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages.



6 years ago
China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

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 unchanged from the previous quarter's pace.



6 years ago
China 2019 crude steel output jumps 8.3%, sets second straight annual record

China 2019 crude steel output jumps 8.3%, sets second straight annual record

Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth.



6 years ago
China's 2019 pork output plunges as African swine fever cuts herd

China's 2019 pork output plunges as African swine fever cuts herd

China produced 42.55 million tonnes of pork in 2019, down 21.3% from a year earlier, official data showed on Friday, after the fatal hog disease African swine fever killed millions of pigs in the world's top producer.



6 years ago
China's 2019 birth rate slowest in 70 years: stats bureau

China's 2019 birth rate slowest in 70 years: stats bureau

China's birth rate fell to its lowest last year since the founding of the People's Republic of China 70 years ago, posing a long-term challenge for its government.



6 years ago
Instant View: China's economic growth slows to 6.1% in 2019, near 30-year low

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

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.



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

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

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.



6 years ago
Hong Kong protesters are voting with their wallets

Hong Kong protesters are voting with their wallets

Some Hong Kong residents are using apps to look for businesses backing protests in a bid to support them.

6 years ago
Comcast bets ads work on streaming TV, plans Peacock debut for April

Comcast bets ads work on streaming TV, plans Peacock debut for April

Comcast Corp-owned NBCUniversal's new Peacock service will offer free and $5-per-month options that include advertising to try to win customers for its belated entry into the streaming video wars, the company announced on Thursday.



6 years ago
Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO

Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO

Eli Lilly and Co aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.



6 years ago
Gap pulls plug on Old Navy spinoff to focus on turning around sales

Gap pulls plug on Old Navy spinoff to focus on turning around sales

Gap Inc on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%.



6 years ago
China set to post weakest growth in 29 years as trade war bites, investment sputters

China set to post weakest growth in 29 years as trade war bites, investment sputters

China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.



6 years ago