ministry-said

U.S. retailers push deals early as Black Friday loses focus

With sales on Black Friday slipping, U.S. retailers are offering pre-Thanksgiving deals even earlier than in recent years to draw shoppers as the day after no longer marks a spending peak at brick-and-mortar chains. Many retailers have started opening their stores on Thanksgiving evening to boost customer traffic and sales. Wal-Mart has already said it will increase inventory by more than half this year and make deals typically reserved for

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U.S. retailers push deals early as Black Friday loses focus

ministry-said

Federal Reserve finalizes lower dividend for member banks

The U.S. Federal Reserve finalized a reduction of its dividend payments on Wednesday, carrying out a measure Congress passed last year to help pay for the country's roads and bridges. The transportation bill approved in December lowered the rate for dividends the Federal Reserve pays its member banks.

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Federal Reserve finalizes lower dividend for member banks

ministry-said

As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration

China will “play its role” in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact. Trump's statement appeared to open the way for China to assume the United States' leadership mantle on trade and diplomacy in Asia.

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As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration