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Weak U.S. data deluge points to sharply slower growth

2 years, 9 months ago
WASHINGTON: U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the…

U.S. jobless claims drop; imported inflation remains weak

3 years, 1 month ago
WASHINGTON: The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve's decision whether to raise interest…

Oil falls more than 4 percent on weak Chinese data

3 years, 1 month ago
LONDON: Oil prices fell sharply on Tuesday after official data showed China's manufacturing sector, one of the main engines powering the world's biggest energy consumer, contracted at its fastest pace in three years.