Service Industries News
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Updated 31 minutes ago
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.
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Updated 2 hours, 13 minutes ago
China’s manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.
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Updated 41 minutes ago
Britain’s economy resumed growth in the first quarter as companies built up stocks and consumer spending increased, offsetting a drop in exports.
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Volkswagen AG, PSA Peugeot Citroen and Renault SA, Europe’s three largest carmakers, all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.
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Chinese Premier Li Keqiang signaled policy makers are reluctant to use stimulus to counter a slowdown in the world’s second-largest economy because the risks outweigh the benefits.
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Premier Li Keqiang reiterated China’s move toward allowing for increased action of market forces, shifting government focus to providing high-quality public services and ensuring social fairness and justice.
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Allan Lira has walked more miles on the streets of Phoenix than he can count, knocked on hundreds of doors, and, with the polish of a seasoned precinct captain, appealed to Latino voters to exercise a right that he may never have.
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China’s new local-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed.
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China’s service industries expanded at a slower pace last month, adding to the drag on growth in the world’s second-biggest economy after manufacturing lost momentum.
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Service industries in the U.S. expanded in April at the slowest pace in nine months, adding to signs that the world’s largest economy is cooling.
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