China needs more than 'incremental' consumer stimulus longer term
China's efforts to boost household spending are expected to help the economy hit the government's 2024 growth target of roughly 5%, but the authorities may have to do more for
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China's efforts to boost household spending are expected to help the economy hit the government's 2024 growth target of roughly 5%, but the authorities may have to do more for
Workers at BHP's Escondida, the world's largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the union said
Wall Street's most watched gauge of investor anxiety jumped to a more than three-month high on Thursday as U.S. stocks fell sharply after a round of data on Thursday spurred
Insurer Prudential Financial reported a rise in second-quarter adjusted profit on Thursday, as its U.S. unit was boosted by stronger underwriting and higher investment returns.
Latin America e-commerce giant MercadoLibre said on Thursday its net profit more than doubled in the second quarter from a year earlier, beating analysts' estimates with Brazil's
U.S. rare earths producer MP Materials on Thursday reported a steeper-than-expected second-quarter loss due to falling prices for the strategic minerals and operational challenges, although
U.S. oil and gas producer Coterra Energy missed analysts' estimates for second-quarter profit on Thursday, hurt by subdued natural gas prices.
Payments firm Block raised its forecast for annual adjusted core earnings on Thursday and unveiled a $3 billion buyback plan, betting on resilient consumer spending
Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input
Canadian federal government's target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on
The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred
Venezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests and international
Law firm Skadden on Thursday said it hired a veteran attorney to head its shareholder engagement and activism practice at a time more investors are pushing corporations to change
Shares in U.S. oil producer Hess suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron An
The advisory board to the German Finance Ministry sees the three options under consideration to reduce a 17 billion euro ($18 billion) budget shortfall as
British businesses' expectations for wage growth in the next 12 months cooled slightly in July, according to a survey that could help ease the concerns of Bank of England
U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up
At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national
The European Commission said on Thursday it had launched a public consultation inviting all interested parties to comment on draft guidelines on exclusionary abuses of dominance,
Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks as part of a settlement that would allow CEO Laxman Narasimhan to keep his position,
Dominion Energy posted a fall in second-quarter profit on Thursday, as higher interest and maintenance costs weighed on the electric utility.
Huntington Ingalls on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and
Occidental Petroleum said on Thursday that Colombia's Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a
A weak euro zone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker Yannis Stournaras said in an interview published on Thursday, reaffirming
Pricier models such as the Daytona SP3 and growing demand from buyers for personal touches helped Ferrari beat second-quarter results forecasts on Thursday and