Latest

China's 'Singles Day' shopping spree in spotlight as spending flags
China's 'Singles Day' shopping spree in spotlight as spending flags

China's largest online shopping bonanza wraps up on Monday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity. This year's Singles Day could represent a major boon for retail giants as analysts watch for signs that recent measures are having an impact.

Asian stocks drop as China support plan falls flat, bitcoin hits record
Asian stocks drop as China support plan falls flat, bitcoin hits record

Asian markets fell Monday after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win. "Yet President-elect Donald Trump’s policy proposals could lead to heightened macroeconomic volatility.