BEIJING Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, declining for the fifth consecutive month as the world's second-largest economy slows and industries deal with overcapacity.
CAIRO From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth.
MUMBAI The Reserve Bank of India likely sold dollars through state-owned banks to stem the rupee's fall around 66.88 per dollar, three state-owned bank traders told Reuters.
MUMBAI On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans.
LONDON British consumer morale has slipped to its lowest level in six months and growth among services companies cooled, according to two surveys that suggested to a further moderation of economic growth.
LONDON Britain’s shopping streets, out-of-town malls and websites will be awash with discounted goods on Friday as shoppers chase "Black Friday" deals in a spending frenzy expected to top last year's record level.
TOKYO Japanese household spending unexpectedly fell in October for a second straight month, even as unemployment hit a two-decade low, underscoring the challenge facing premier Shinzo Abe in persuading reluctant companies to boost wages.
TOKYO Japan's jobless rate in October fell to 3.1 percent, data from the internal affairs ministry showed on Friday.
HONG KONG/SHANGHAI Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of mis-selling by inexperienced agents on commission could prove costly to the industry and its customers.
PITTSBURGH/CHICAGO Retailers across the United States offered early Black Friday discounts to lure bargain-hunters on Thanksgiving eve, but initial checks showed crowds in brick-and-mortar stores were subdued even as online sales jumped.
MUMBAI HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.