ECONOMIC NEWS

Citi, Barclays and ING are raising their 2019 forecasts for China’s economic growth after it came in at a higher-than-expected 6.4 percent for the first quarter, but others remain cautious.China has been implementing stimulus measures into the the world’s...

China said on Wednesday its economy expanded by 6.4 percent in the first quarter of 2019.  Analysts polled by Reuters expect Beijing to announce that its economy grew by 6.3 percent year-on-year in the first quarter of 2019. China on Wednesday released a slew of...

U.S. banks have delivered mixed first-quarter financial results, and weak earnings growth can be expected across all major markets this year, Goldman Sachs’ Peter Oppenheimer told CNBC on Tuesday.Four of the six largest U.S. banks have released first-quarter results...

The best investment opportunities may be thousands of miles away, according to a major Wall Street firm. That is, the upside potential is larger in Europe and Asia than in the United States, Medley Global Advisors’ Ben Emons told CNBC. That assessment is not coming...

“The best situation would be persistent low inflation rate, which is behind us. Inflation rate has already bottomed and is expected to go higher in the period ahead,” said Prakash Sakpal, Asia economist at Dutch bank ING.Oil prices surged to five-month highs this...

Stockpiling by manufacturers ahead of Brexit helped the UK economy grow by 0.3% in the three months to February. The Office for National Statistics pointed to manufacturers "changing the timing of their activities" as the UK's exit from the EU approaches. Although...

The global economy is at what the International Monetary Fund's chief economist calls a "delicate moment". Gita Gopinath says that while she does not predict a global recession, "there are are many downside risks". The IMF has released its regular assessment of the...

The Dow Jones Industrial Average fell on Monday as Wall Street digested strong gains from the previous week and looked ahead to the start of the corporate earnings season. The 30-stock Dow declined by 84 points. The S&P 500 eked out a 0.1% gain to close at...

Asia Pacific markets were mixed in afternoon trade.The U.S. economy added 196,000 jobs in March, according to government data released Friday, beating economists’ prediction of 175,000 jobs.On Saturday, Chinese official broadcaster CCTV reported that there was “new...

he world’s second-largest economy grew 6.6 percent in 2018 — the slowest pace since 1990.Recent consumer data has also spooked market watchers.But some analysts have said the services sector remains resilient and highlight stimulus measures that the government has...

American and Chinese officials negotiating a trade deal have resolved most of the outstanding issues but are still haggling over how to implement and enforce such an agreement, the Financial Times reported late Tuesday.Both countries have yet to agree on a number of...

The Institute for Supply Management (ISM) said its index of national factory activity rose to 55.3 from 54.2 in February, which had marked the lowest level since November 2016.Meanwhile, U.S. construction spending increased for a third straight month in February,...