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China moves to lift confidence as economic growth hits weakest pace since 2009


BEIJING China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. | Video

Oil up but set for weekly loss on stock build, trade row

LONDON Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity.

7:17am EDT

No room at the inn: Central Europe student housing crunch attracts investors

WROCLAW, Poland Wroclaw's hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Instead, he opted for his own room and bathroom in a newly built private residence.

6:11am EDT

Ryanair trumpets progress in relations with European pilots

DUBLIN Ryanair has reached a deal with Portuguese pilots on contentious seniority and home base issues, following similar agreements with their counterparts in Britain and Italy this week, the Irish budget airline said on Friday.

5:25am EDT

UK's Intu Properties shares rise on Whittaker takeover bid

Shopping center owner Intu Properties said it was considering a 215 pence per share preliminary takeover offer from a consortium led by its deputy chairman John Whittaker, sending it shares 14 percent higher on Friday.

4:35am EDT

SAIC VW starts work on $2.5 billion China plant in Audi pivot

BEIJING Volkswagen AG's China venture with SAIC Motor Corp Ltd has started building a $2.5 billion new energy vehicle (NEV) plant in Shanghai, which will make VW's luxury Audi AG brand cars, a possible first for the venture.

3:23am EDT

CVC invites banks to pitch to sell or list Nordic optical retailer Synsam

LONDON/FRANKFURT Private equity fund CVC has invited banks to pitch for the sale or initial public offering of Nordic optical retailer Synsam, two sources familiar with the matter said, in a deal which could value the company at more than $950 million.

3:21am EDT

China's real estate investment slows in September as caution sinks in

BEIJING Growth in China's real estate investment eased in September and home sales fell for the first time since April, as developers dialed back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in.

12:33am EDT

Instant View: China's third quarter GDP rises 6.5 percent year-on-year, slowest since 2009

BEIJING China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Oct 18 2018

China September industrial output weakens; investment, retail sales beat expectations

BEIJING China's industrial output grew 5.8 percent in September from a year earlier, missing expectations, while fixed-asset investment growth rose to 5.4 percent in the first nine months, above forecasts, data showed on Friday.

Oct 18 2018