BEIJING (Reuters) – China’s annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told reporters on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world’s No. 2 economy. “Export growth in November was even slower than October,” Chong told reporters on the sidelines of a [...]

TOKYO (Reuters) – Asian shares rose on Thursday on growing hopes that Europe is taking concrete steps to contain the region’s debt woes and head off a systemic banking crisis. Strengthening investor confidence in the euro zone underpinned the single currency, while receding concerns about the banks’ problems threatening the wider financial system sharply tightened [...]

There is little the Federal Reserve can do at this point to help a U.S. economic recovery battered by problems at home and abroad, a top Fed official said on Monday, adding that he believes it is it incumbent on politicians to attack fiscal problems. Richard Fisher, president of the Dallas Federal Reserve Bank, did [...]