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The season for buying Christmas gifts is the busiest time for most stores and online retailers in the United States. Final numbers for the holiday season including after-Christmas sales will not be known for a while. But a report this week on retail

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News Report Worsening Bank Assets Many of the traditional quantitative indicators suggest that bank asset quality is deteriorating, and that supervisors therefore need to be more sentitive to problems at individual banks, both currently and in the mo

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Following Asia's lead, European markets are down Thursday due to persistent worries about the length and depth of the unfolding global recession. In Britain, yet another large central bank interest rate cut was announced to combat the downward econo

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WASHINGTON, May 1 (Xinhua) -- The U.S. Federal Reserve on Wednesday announced that it will keep the short-term interest rate near zero and continue its assets purchase program to bolster economic growth and job creation. U.S. economic activity has be

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The International Monetary Fund says the U.S. economy is struggling to overcome sluggish growth due to an unresolved government debt crisis and weaknesses in the housing market and household finances. In a report released Tuesday, the IMF downgraded

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NEW YORK, April 6 (Xinhua) -- The U.S. dollar climbed against major currencies this week as concerns about the European debt crisis again weighed on the euro and upbeat U.S. job data helped restore investors' confidence in the U.S. economy. The dolla

2016年CRI Chinese Premier Expresses Confidence to Deal With Complicated Economic Situation

Premier Li has urged more communication and coordination among G20 members to grapple with global economic headwinds. Macroeconomic policy coordination needs to be strengthened. The global economic and financial situation may have become more grim an

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Chinese Commerce Minister Gao Hucheng says that a qualitative, rather than a quantitative goal, is more realistic for China's economy against a gloomy international economic background. Gao made the remarks in response to media concerns over why no s