At the Haiyang Zhuangshi Co. hardware store in Beijing, sales of paint and aluminum window frames are slowing, one sign of a diminished role for consumer spending in China that’s foiling government objectives.
BusinessWeek.com — Finance
China Investment Corp. may name Li Keping, currently an executive at the country’s national pension manager, a new co-head of the sovereign wealth fund, said two CIC executives with direct knowledge of the matter.
BusinessWeek.com — Finance
Visteon Corp. is so cheap that the auto-parts supplier is offering potential acquirers its earnings for free.
BusinessWeek.com — Finance
A China leading indicator points to “more moderate” economic activity in the world’s second- biggest economy in coming months, the Conference Board said.
BusinessWeek.com — Finance
China’s inflation pressures have yet to be contained by four interest-rate increases since September, underscoring the danger of any extended policy pause as bad weather threatens to further drive up food costs.
BusinessWeek.com — Finance
U.S. stocks rallied and the Standard & Poor’s 500 Index headed for its biggest gain in two months after better-than-estimated data on American retail sales and Chinese industrial production.
BusinessWeek.com — Finance
European stocks rose, giving the Stoxx Europe 600 Index its first back-to-back gains in three weeks, as China’s industrial production topped forecasts. U.S. index futures and Asian shares advanced.
BusinessWeek.com — Finance
China ordered lenders to set aside more cash as reserves after inflation accelerated to the fastest pace in almost three years in May and industrial production rose more than estimates.
BusinessWeek.com — Finance
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