Workers assemble a Boeing Co. 737 airplane at the company's factory in Renton, Washington. Photographer: Mike Kane/Bloomberg. Boeing Co.
image HONG KONG: Asian markets were mostly higher Thursday after Wall Street advanced in response to an upbeat outlook for the US economy by the Federal Reserve, while Chinese trade growth picked up pace in June.
American Apparel announced late Wednesday that it reached a deal with investment firm Standard General for up to $25 million to bolster the clothing chain's finances.
BEIJING (Reuters) - China's trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilize the economy and meet its 2014 growth target.
... * Vows to keep fiscal deficit for 2014/15 to 4.1 pct of GDP. * Targets 7-8 pct economic growth in 3-4 years. * Aims for deal with states on services tax by December.