By JOE McDONALDAP Business Writer
BEIJING (AP) - China's inflation fell further in May, giving Beijing more room to fight a deepening economic slump following this week's interest rate cut.
Consumer prices rose 3 percent, down from April's 3.4
By The Associated Press
COPPER PRESSED: Copper prices fell ahead of reports expected this weekend that could shed more light on China's economic slowdown. The price dropped 8.55 cents to finish at $3.285 per pound, the lowest since mid-December.
By SANDY SHOREAP Business Writer
The price of copper fell Friday ahead of reports expected this weekend that could shed more light on the extent of China's economic slowdown.
Copper for July delivery dropped 8.55 cents, or 2.5 percent, to finish at $3.285
By BEN FELLER and TOM RAUMAssociated Press
WASHINGTON (AP) - Europe's economic crisis could send shock waves roaring across the Atlantic that would drag down the fragile U.S. economy and threaten President Barack Obama's hopes for a second term. The president
NEW YORK (AP) - Shares of Yum Brands Inc. fell 4 percent on Friday, weighed down by investor fear sparked by a lower-than-expected monthly sales report from McDonald's that seemed to indicate growth in China may be slowing.
Yum Brands operates KFC, Taco Bell
By The Associated Press
INCREASING URGENCY: China cut state-set gasoline and diesel prices for the second time in a month, a day after cutting interest rates for the first time in almost four years. Beijing also took a step to letting the market set rates paid on bank deposits,
By Digital Trends StaffProvided by
The next frontier could be within reach. A private Dutch company recently announced its plants to colonize Mars, turning the red planet into an alternative society for humans. It's a bold plan, and one that comes at the same time and more and more
FORT WORTH, Texas (AP) - RadioShack Corp. has reached a deal to expand in Asia.
Fort Worth-based RadioShack on Thursday announced a joint venture with a Chinese company to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - The price of oil fell slightly Friday on the prospect of weak economic growth with no immediate assistance from the U.S Federal Reserve.
Oil ended the week at $84.10 per barrel, within $1 of its close last week
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - The U.S. trade deficit shrank in April, but only because a big drop in imports offset the first decline in U.S. exports in five months.
The Commerce Department said Friday that the trade deficit narrowed