A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.
Industry
Behind Black Friday's giant, cheap TV deals
You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.
U.S. sets import duties on Chinese car and light truck tires
The United States is set to slap duties on imports of tires from China after the Department of Commerce found on Monday the tires are produced using unfair government subsidies.
China cuts key short-term money rate as Beijing pushes down cash costs
China's central bank lowered the yield for a key short-term money rate on Tuesday, the fourth time it has done so this year, as regulators step up efforts to reduce funding pressure for Chinese companies.
BOJ Kuroda, unfazed by yen falls, signals readiness to ease more
Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, standing firm in the face of criticism that last month's monetary easing has accelerated unwelcome falls in the currency.
Latest News
A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films.
Underlying inflation pressures rose in October, even as falling gasoline prices kept overall U.S. consumer prices in check, bolstering expectations of a mid-2015 interest rate hike from the Federal Reserve.
Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world's biggest free trade deals next year, according to an EU document prepared for the next round of talks in December.
Credit rating agency Standard and Poor's said on Wednesday that China's over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.
Target Corp (TGT.N) on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.
China's factories looked to have hit an air pocket in November as a private survey showed output falling for the first time in six months, adding to concerns about slowing economic momentum and to the case for further policy easing from Beijing.
The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven.
Emerald-colored tea bushes blanketing the rolling hills of Nandi County have long provided a livelihood for small-scale farmers, helping make Kenya one of the world's biggest tea exporters.
As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.
