On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Millennial stocks are looking fly this month, and one name could be on the verge of exploding in the next year.Trading Nationread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash and stock deal that values its peer at about $17.3 billion including debt.Casinos and Gamingread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul has prompted hopes for reforms.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
FedEx heads into earnings this week well off its highs, but one technical analyst says the worst could be over for the delivery company.Trading Nationread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Consumption growth in China is "very likely" to slow further this year as the economy cools, the commerce ministry said on Tuesday, underlining the rising risks facing the Asian giant as it navigates a trade war with the United States.
Chinese authorities have already rolled out a flurry of support measures to temper the effects of the trade dispute on businesses and investment, and are counting on the nation's vast consumer base to cushion a broader economic slowdown.
"The medium- to long-term accumulated contradictions and risks throughout economic development are going to become more prominent in 2019," Wang Bin, a commerce ministry official told reporters during a briefing.
"The pressure facing the consumer market will increase and consumption growth is very likely to slow further."
Wang said softness in retail sales last year, which saw growth averaging 9 percent for the slowest in 15 years, was due to "periodic" weakness in car sales and housing-related spending, though other categories continue to post "relatively normal" growth.
Sales in the world's biggest auto market shrank for the first time since the 1990s.
Retail sales growth during the just concluded Lunar New Year holidays slipped to its lowest since at least 2011, further evidence consumers remain cautious as the economy hits the brakes.
However, Wang cautioned against becoming overly gloomy on the retail sector, saying government policy support measures should cushion the downside.
Indeed, the luxury goods market appeared to have been unscarred by the general slowdown in the retail sector.
Strong Chinese demand helped L'Oreal, Estee Lauder beat sales forecasts in the fourth quarter while the French luxury handbag label Hermes said sales momentum in its Chinese stores stayed strong last quarter.
China's rich consumers' appetite for luxury products will remain robust this year, with strong growth in purchasing power among the younger generations, state newspaper China Daily said on Tuesday, citing an industry survey from Ruder Finn and Consumer Search Group.
The official gauge of retail sales only covers spending on physical goods and excludes services.
Royal Caribbean Cruises said it was heading into 2019 with record bookings for cruises and seeing higher demand from Chinese tourists.