IMF cuts global growth outlook, warns of stagnation risk in rich nations


WASHINGTON - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.


Global economy starts second half on solid footing - PMIs 4:38pm BST

- China's factory activity expanded at its fastest in 18 months in July, while the euro zone's private sector also perked up, but the pace of U.S. manufacturing expansion slowed.


Mega miners set to reward investors after reining in costs 2:31pm BST

MELBOURNE/LONDON/RIO DE JANEIRO - After two years of shunning miners, investors are tiptoeing back into the sector on signs of growth perking up in China, company austerity measures paying off, and prices of nickel, copper and aluminium picking up as supply tightens.


Ford profit beats expectations, sets record for North America 12:47pm BST

DEARBORN Mich. - Ford Motor Co's operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results in Asia Pacific and South America.

Chinese police arrest man after nursing home patients castrated 12:30pm BST

BEIJING - Police in China have arrested a man on suspicion of castrating or partially castrating four patients at a nursing home, state media said on Thursday, the latest scandal to hit the country's medical sector.


Tough pricing and slower emerging markets hit Unilever sales 11:18am BST

LONDON - Unilever missed second-quarter sales expectations on Thursday, citing a slowdown in emerging markets and declining prices in developed ones.

Asian economies to struggle on weak export demand: poll 10:35am BST

BANGALORE - The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed.


China 2014 growth likely to slip to 24-year low, reserve ratio cut seen: poll 10:33am BST

BEIJING - China's economy probably will grow at its slowest pace in 24 years this year, expanding by 7.4 percent, as government stimulus measures fail to fully offset the drag from a sluggish housing market, a Reuters poll showed.


China regulator determines Qualcomm has monopoly - state-run newspaper 10:25am BST

BEIJING - China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China.


China probes 581 firms, restaurants as food safety scare spreads 6:57am BST

SHANGHAI - China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.

Track China's Leaders