The new business could impact Dallas-based MoneyGram, which is under contract with Wal-Mart to provide similar services. By HANAH CHO.
BEIJING (Reuters) - China's home price inflation slowed to an eight-month low in March, extending to a third month a loss of momentum in a property market that has been a strong spot in the world's second-largest economy.
US stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
In the last fortnight, world market sentiments were mainly on a bearish tone as economic data from major global economies turned out to be negative or on a mixed note.
The French drinks maker said Thursday it suffered another steep fall in China in its latest quarter, with sales for its R�my Martin cognac tumbling over 30% amid a crackdown on corruption in the country that has chilled the entire industry for the past year.