IBM, China data weigh on shares; U.S. yields rise
U.S. Treasury yields rose on Tuesday on signs of improvement in the U.S. housing market, while Wall Street was mostly lower as IBM (IBM.N) shares dropped on weak results.
China economy logs weakest growth since 2009
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.
China wants naval drills with Southeast Asia in South China Sea
China's defense minister said on Friday that he is willing to hold joint drills in the disputed South China Sea with Southeast Asian countries, covering accidental encounters and search and rescue, striking a conciliatory tone over an increasingly tense spat.
China economic picture remains cloudy as September export fall eases, imports slump
China's exports fell less than expected in September, with monthly figures showing recovery, but a sharper fall in imports left economists divided over whether the country's ailing trade sector is showing signs of turning around.
Iran's supreme leader bans negotiations with the United States
Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday banned any further negotiations between Iran and the United States, putting the brakes on moderates hoping to end Iran's isolation after reaching a nuclear deal with world powers in July.
IMF cuts global growth forecasts again, cites commodity and China worries
The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed.
Machinery makers smell opportunity as China's farms think big
The world's largest makers of tractors and combines are finding a rare opportunity for growth in China despite a sharp slowdown in the world's No. 2 economy, with big farm machines in demand as the rural labor force shrinks and plot sizes grow
Global economy loses steam as Chinese, European factories falter
World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and U.S. activity steady.
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