China's money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing.
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Federal Reserve awards $92.13 billion in reverse repos
The Federal Reserve on Wednesday awarded $92.13 billion of overnight fixed-rate reverse repurchase agreements to 37 bidders at an interest rate of 0.05 percent, the New York Fed said on its website.
Oil ends down despite U.S. crude draw; stockpiles still hefty
Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude.
Presidential candidate Rubio vows to use U.S. power to guard economic interests
Republican presidential candidate Marco Rubio said on Wednesday that the United States must respond aggressively when rivals such as China and Iran take actions that threaten U.S. economic interests.
WeChat is Tencent's ace in China's online entertainment race
In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card.
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Facebook Inc tied up with nine news publishers to launch "Instant Articles" that will let them publish articles directly to the social network's mobile news feeds.
Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.
A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said on Wednesday.
Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.
Citing steady demand from airlines, Boeing Co (BA.N) said on Tuesday it is capable of raising 737 jetliner output by 43 percent to 60 a month, as it gave a rosy outlook despite concerns about orders, overall production and defense spending.
Volkswagen (VOWG_p.DE) Group will break up MAN (MANG.DE) and transfer its truck and bus businesses, as well as MAN Latin America, into VW's new Truck & Bus Holding GmbH, German daily Frankfurter Allgemeine Zeitung said.
A Picasso oil painting from 1955 smashed the record for the most expensive artwork ever sold at auction when it soared to $179.4 million at Christie's on Monday.
Castleton Commodities International will buy Morgan Stanley's (MS.N) physical oil business, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders.
Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections.
