China's Dalian Wanda Commercial Properties Co Ltd on Wednesday said four investors have agreed to contribute 24 billion yuan ($3.87 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls.
Industry
Global stocks rise on China growth relief, dollar up vs yen
Shares rose on Tuesday and the dollar gained 1 percent against the yen after China said its economy had not slowed as much as many in markets had feared.
Morgan Stanley profit falls short of expectations
Morgan Stanley's adjusted quarterly earnings fell short of market estimates as unexpected market swings in December hit its division that trades bonds, currencies and commodities and the Wall Street bank deferred fewer bonus payments.
ILO chief laments failure to tackle inequality at Davos
World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.
China's shipyards brace for leaner times as oil slump sours rig building spree
For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending.
Latest News
Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare rules could bolster its reputation with diners but threatens sales and profits this quarter.
Lululemon Athletica Inc (LULU.O) issued a robust forecast for the current quarter on Monday that topped market expectations and lifted its shares as strong holiday sales signaled the Canadian yogawear maker's comeback efforts may be paying off.
Brazilian industrial output took an unexpected step backward in November as production of durable goods declined sharply, further damping hopes of a recovery in the long-beleaguered sector.
U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers.
Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening.
Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as finance chief helped lead the coffee chain's extensive restructuring a few years ago, is taking an extended unpaid leave to spend more time with his family.
China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signaling persistent weakness in the economy but giving policymakers more room to ease policy to support growth.
The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening.
U.S. retail store sales fell 8 percent during the 2014 holiday season despite a late shopping surge, but overall holiday sales should show a 3.5 to 4 percent rise from a year ago because of stronger online buying, analytics company Retail Next said on Wednesday.
