NEW YORK, NY - DECEMBER 02: People carry shopping bags along Broadway on December 2, 2013 in New York City. According to the National Retail Federation, retail spending over the Thanksgiving weekend fell for the first time in at least seven years.
China's cut in interest rates is set to squeeze banks' margins, the head of the world's most profitable lender said. On Friday, the People's Bank of China raised the cap on what banks can pay customers for deposits to 120 percent of the benchmark rate from ...
LOS ANGELES (AP) - Los Angeles will host a climate change summit next year to begin efforts to curb greenhouse gas emissions in the United States and China.
Bond investors who sold Alibaba Group Holding Ltd. (BABA)'s new long-term debt deal earned about $11.5 million in gains with most of the increase coming from the longest-dated securities.
Helped by boosts from the People's Bank of China and the European Central Bank, U.S. stock markets closed on Friday with a fifth week of positive performance - the best stretch since 2011, Fortune notes.