HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »
WARSAW (Reuters) – Poland’s Prime Minister Mateusz Morawiecki said on Monday he expects the country’s economy to recover quickly from the damage caused by the coronavirus pandemic. “We have a chance for a V-shaped recovery,” Morawiecki told a conference. Poles... More »
(Reuters) – No denying May’s $73 billion rebound in U.S. retail sales was an eye-popper and is the latest fodder to fuel the red-hot “V” vs “U” debate about what kind of recovery to expect from the COVID-19 recession. Even Federal Reserve Chair Jerome Powell, ... More »
HANOI (Reuters) – Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian country. More than half of Vietnam’s 96 mi... More »
BEIJING (Reuters) – China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy. Instead, a big c... More »
NEW DELHI (Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, has fired 56 of its India executives including eight from senior management, Krish Iyer, President and CEO of its India unit, said on Monday. In a statement emailed to Reuters, Iyer said ... More »
BEIJING (Reuters) – Growth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostilities with Washington. The set of upbeat figures releas... More »
PARIS (Reuters) – Four branches of France’s hardline CGT union, including railway and transport workers, threatened on Sunday to step up protests unless the government withdraws its pension reform proposal this week. In a major overhaul of France’s complex pen... More »
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. While more upbeat June factory output and retail sales o... More »
BEIJING (Reuters) – China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as policymakers try to navigate debt risks and defuse a heated trade row with the United States. Fixed ass... More »
BEIJING (Reuters) – China must make strong efforts this year to keep foreign trade stable and improving, the country’s top economic planner said on Monday in a work report at the opening of the annual meeting of parliament. The National Development and Reform ... More »
FILE PHOTO: Shopping mall Blechen Carre is seen in Cottbus, Germany, January 24, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – German monthly retail sales unexpectedly declined in January, data showed on Friday, in a sign that private consumption ma... More »
FILE PHOTO: Workers lay bricks to build a wall around a construction site in Beijing, China, December 15, 2017. REUTERS/Thomas Peter/File Photo BEIJING (Reuters) – China’s economic growth is expected to have slowed slightly in the fourth quarter from the previ... More »
A shopper (L) checks items inside a shoes shop at Shibuya shopping and amusement district in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato TOKYO (Reuters) – Japan’s consumer prices were expected to rise fractionally for an 11th straight month in November, a R... More »
China's economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. More »
A burst of Chinese data over the next few weeks is expected to show the world's second-biggest economy cooled further in October as policy makers harden efforts to reduce financial risks and foster long term sustainable growth. More »
Japan's retail sales rose in September at the fastest pace in three months as shoppers spent more on clothes and daily goods in a sign that consumer spending remains strong due to a tight labor market. More »
Japan's industrial production was expected to show a fall in September after solid gains the previous month, a Reuters poll found, although analysts say the trend remains upward thanks to expanding global demand. More »
China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree. More »
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. More »
FILE PHOTO – Shoppers look at meat on offer on a market stall in Moscow February 8, 2013. By Zlata GarasyutaMOSCOW – Russia faces the prospect of slightly higher inflation this year and a weaker rouble than previously expected, a Reuters p More »
FILE PHOTO: Customers pack goods in plastic bags at a parking outside an Aldi supermarket in Hamburg July 28, 2010. REUTERS/Christian Charisius German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp it... More »
FILE PHOTO: Workers chat outside a construction site in Beijing’s central business district, December 29, 2014. REUTERS/Jason Lee/File Photo China’s economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and s... More »
FILE PHOTO: Shoppers are reflected in a shop window as they walk along Oxford Street in London, Britain, December 21, 2013. REUTERS/Luke MacGregor/File Photo British consumers cut their spending for the first time in nearly four years last month, figures from ... More »
A web page featuring Amazon’s Australian URL is pictured in this photo illustration in a Sydney office, Australia, April 20, 2017. REUTERS/Jason Reed/Illustration Photo Global e-commerce juggernaut Amazon.com Inc on Thursday said it will open its online shopfr... More »
An Under Armour logo is seen on a running shoe on display at an store in Chicago, Illinois, U.S., October 25, 2016. REUTERS/Jim Young Shares of sports apparel and shoe maker Under Armour Inc (UAA.N) could rise 30 percent and the company is likely to increase s... More »
Indian e-commerce marketplace Snapdeal on Wednesday firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale. More »
An American Apparel store logo is pictured on a building along the Lincoln Road Mall in Miami Beach, Florida March 17, 2016. REUTERS/Carlo Allegri Canadian apparel maker Gildan Activewear Inc (GIL.TO) has won a bankruptcy auction for U.S. fashion retailer Amer... More »
Donald Trump speaks as his son-in-law Jared Kushner (L), daughter Ivanka listen at a campaign event at the Trump National Golf Club Westchester in Briarcliff Manor, New York, U.S., June 7, 2016. REUTERS/Mike Segar/File Photo U.S. President-elect Donald Trump’s... More »
People walk with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help m... More »
Japanese retail sales rose 1.7 percent in November from a year earlier, government data showed on Wednesday, compared with a median market forecast for a 0.6 percent increase. More »
The logo of India’s largest online marketplace Flipkart is seen on a building in Bengaluru, India, April 22, 2015. REUTERS/Abhishek N. Chinnappa/File Photo India’s top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in... More »
New houses are seen in Huaxi village, at Jiangsu province December 3, 2010. REUTERS/Carlos Barria/File Photo China’s economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictio... More »
Office workers are pictured through building windows during dusk in Tokyo, Japan March 3, 2015. REUTERS/Issei Kato/File Photo Hoping to jolt Japan’s limp consumer spending, policymakers and business leaders are considering plans to let workers leave by 3 p.m. ... More »
Shoppers sit with bags in London, Britain August 25, 2016. REUTERS/Neil Hall British consumers ramped up their spending last month but some of the increase was due to higher motor fuel prices and concerns about higher inflation are growing, surveys showed on T... More »
SYDNEY Australian retail sales were surprisingly muted in February, a red flag for hopes that consumer spending could offset global headwinds and keep the economy accelerating through the first half. Combined with a very subdued private-sector reading on infla... More »
TOKYO Activist investor Daniel Loeb urged Japanese retailer Seven & I Holdings Co Ltd to shut more unprofitable department stores, in an interview with the Nikkei newspaper on Monday. Seven & I, which owns Sogo department stores and the 7-Eleven convenience ch... More »
BEIJING China’s economic growth in the fourth quarter slowed to the weakest since the financial crisis, adding pressure on a government that is struggling to restore the confidence of investors after perceived policy missteps jolted global markets. Concerns ab... More »
BEIJING China’s economic growth eased to 6.9 percent in the third quarter from a year earlier, beating expectations but still the slowest since the global financial crisis, putting pressure on policymakers to roll out more support measures as fears of a sharpe... More »
BEIJING China’s economic growth dipped below 7 percent for the first time since the global financial crisis on Monday, hurt partly by cooling investment, raising pressure on Beijing to further cut interest rates and take other measures to stoke activity. The w... More »
MUMBAI/ NEW DELHI The Indian government has filed a lawsuit against Swiss food firm Nestle’s Indian unit, seeking 6.4 billion rupees ($99 million) in damages on behalf of consumers after the country’s worst packaged food scare in a decade. Nestle, the first fo... More »
MUMBAI The Indian government has filed a class action suit for 6.4 billion rupees ($99 million) against Nestle’s Indian unit on behalf of the country’s consumers, citing unfair trade practices and the sale of defective goods. Nestle is the first foreign firm t... More »
BEIJING Growth in China’s factory output, investment and retail sales were all weaker than expected in July, adding pressure on Beijing to roll out more measures to prevent a deeper slowdown, days after it shocked markets by devaluing its currency. While the c... More »
