Official statistics released on Saturday revealed that China's industrial earnings increased quicker in June despite firms facing a slowdown in consumer mood amidst an uncertain economic rebound.   According to National Bureau of Statistics (NBS) statistics, profits increased 3.6% year over...

Fresh evidence of success in the fight against inflation was provided to U.S. Federal Reserve officials on Friday, raising hopes that they will use their meeting next week to announce interest rate decreases beginning in September.   The Bureau of Economic Analysis of the Commerce Department...

As per the final copy of a joint communiqué obtained by Reuters, the G20 finance leaders are expected to express optimism about a global economic "soft landing" on Friday, but they will also caution that wars and other conflicts might jeopardise this view.   The announcement will be made as...

June saw a modest increase in U.S. prices as the cost of goods declined and the cost of services rose, highlighting a better inflation environment that may pave the way for the Federal Reserve to start reducing interest rates in September.   The Commerce Department's data, released on...

If Donald Trump wins the White House again, the Federal Reserve's fight to control inflation is likely to confront new obstacles, which may put the American central bank back in the former Republican president's crosshairs.   Many economists believe that Trump's tariff plan, along with his...

Wall Street's primary indexes had mixed results on Thursday as traders evaluated GDP data that was better than anticipated and exercised caution following a tech-related sell-off the previous day.   Data revealed that the second quarter U.S. economic growth was 2.8%, above predictions of 2%;...

In the second quarter, the U.S. economy expanded more quickly than anticipated because to strong increases in corporate investment and consumer spending, but inflationary pressures decreased, maintaining expectations of a Federal Reserve interest rate drop in September.   Increased...

French cosmetics manufacturer L'Occitane International SA stated that the sale of the business to billionaire Reinold Geiger has received approval from the majority of its shareholders. In June, Geiger—who now owns over 72% of the business—made a bid to purchase the company's outstanding shares....

The largest bank in Germany, Deutsche Bank AG, reported a net loss of €143 million in the second quarter as a result of expenses for possible legal fees pertaining to the 2010 acquisition of Postbank. According to CNBC, Deutsche Bank reported a loss for the first time in fifteen quarters. The...