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China makes surprise cut to rates as economy falters

The People’s Bank of China made a surprise cut to interest rates on Tuesday as it looked to stimulate economic demand amid a sputtering recovery.

Stephen innesPeople bankCountry gardenCategory allCategory economic newsCategory currenciesCategory ifa news round upCategory international economicCategory headline newsCategory fidelity top stories

China slips into deflation in July

The cost of living in the People's Republic of China fell by a tad less than expected last month.

Evans pritchardNational bureau of statisticsNational bureauConsumer price indexJulian evans pritchardCapital economicsCategory allCategory market reportCategory economic newsCategory currenciesCategory bondsCategory international economicCategory market pulseCategory headline newsCategory fidelity top storiesMostread economic news

Glencore profits halve on weaker commodity prices

Mining giant Glencore saw earnings halve in the first six months of the year on weaker commodity prices.

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Wet weather, inflation hit July UK retail sales - BRC

Heavy rain and high inflation hit UK retail sales in July, forcing firms to cut prices, a survey showed on Tuesday.

United kingdomPaul martinBritish retail consortiumCategory allCategory economic newsCategory personal financeCategory news and announcementsCategory ifa news round upCategory headline newsCategory fidelity top storiesMostread economic newsMostread pf articles

China trade slumps more than expected in July

China’s imports and exports slumped further than expected last month, official data showed on Tuesday, reflecting a stagnating recovery in the world's second-largest economy and increasing pressure on Beijing to provide more stimulus.

Duncan wrigleyCategory allCategory economic newsCategory personal financeCategory news and announcementsCategory ifa news round upCategory headline newsCategory fidelity top storiesMostread economic newsMostread pf articles

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