China inflation slows more sharply than expected
China’s annual consumer inflation slowed to 2.5 percent in December from the previous month’s 3 percent, official data showed on Thursday, slowing more sharply than market expectations.
No need for more bond buying, Fed minutes show
The US Federal Reserve decided in December to start tapering its bond-buying campaign because officials concluded the program had served its purpose, despite concerns about sluggish inflation and economic growth.
US retailer Macy's to cut 2500 jobs
Updated | Macy's is cutting 2500 jobs as part of a reorganisation to sustain its profitability, despite a strong holiday shopping season for the department store chain.
US private sector adds more jobs than expected: ADP
US private employers added a bigger-than-expected 238,000 jobs in December, the strongest increase in 13 months, a report by a payrolls processor showed.
Bank of America ramps up credit card loans
Bank of America's credit card unit did something surprising in the third quarter: it started to expand after the bank spent several years cleaning up and shrinking the portfolio..
Obama allies hit back at Gates over Afghanistan
President Barack Obama's allies struck back against a scathing new memoir by Robert Gates, his former defence secretary, calling it "a disservice" to a sitting president in wartime.
German exports rise for fourth month in November
German exports rose for the fourth consecutive month in November and industrial orders surged more than expected in a sign that Europe's largest economy is benefiting from a nascent global upturn.
Danone takes Fonterra to court over whey recall
Updated | Fonterra Co-operative Group, the world’s biggest dairy exporter, will vigorously defend a claim by French food company Danone over last year’s recall of whey protein concentrate.
Alibaba division bans Bitcoin amid China crackdown
China's biggest online marketplace, Alibaba's Taobao, will ban the sale of Bitcoins on the heels of a government crackdown on the virtual currency.
NASA extends space station life to 2024
The International Space Station, the $112 billion orbiting outpost, will operate for an additional four years, or until 2024, the US says.
Russia imposes tightest Games clampdown at Sochi
Russia has launched the largest security operation in Olympic history with a month to go before Vladimir Putin kicks off the Winter Games in Sochi.
Big powers need to follow up QE with reform
The world economy is not flying on all engines – and is likely to remain underpowered.
People’s Bank rethinks FX policy
Amassing foreign exchange reserves is no longer beneficial for China, says its central bank.
