China’s economy has yet to respond to policy makers’ stimulus efforts, an April manufacturing gauge indicated today, helping send the yuan to a 16-month low.
China’s new-home price increases eased across the country last month amid tighter credit that prompted developers to give discounts.
China’s expansion moderated to the weakest pace in six quarters and property construction plunged, testing leaders’ commitment to keep reining in credit as risks mount of a deeper slowdown.
China’s broadest measure of new credit fell 19 percent from a year earlier and money supply grew at the slowest pace on record, underscoring risks of a deeper slowdown as the government tries to curb financial dangers.
Rolex will make its third change in top leadership since 2008, naming Jean-Frederic Dufour to become chief executive officer of the 109-year-old maker of Swiss timepieces.
China’s loss of economic momentum in the first quarter was deeper than the most widely-cited data will show, according to analyst forecasts for a gauge that’s gaining increasing recognition.
Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive luxury goods.
China’s data distortions will muddy analysis of the nation’s trade until at least June, making it harder to assess the strength of the world’s biggest exporter and second-largest economy.
The following is a selection of the most important news affecting the oil market.
China’s exports and imports unexpectedly fell in March as Premier Li Keqiang said the nation will roll out more policies to support growth while avoiding stronger stimulus.
Tom Doctoroff Says China Uses Brands as `Tools'
Dreyfus China’s Simon Favors China Travel Stocks
Green Says China to Grow 8% in 2012