Category Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

FedEx to spin off its freight trucking enterprise

By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx introduced the much-anticipated spinoff of its freight trucking division on Thursday, because it restructures operations to deal with its core supply enterprise. Shares jumped 8% in after-hours buying and selling, including $5…

China leaves charges unchanged, weak yuan limits easing

SHANGHAI (Reuters) -China left its benchmark lending charges unchanged as anticipated on the month-to-month fixing on Friday. WHY IT’S IMPORTANT Persistent deflationary stress and tepid credit score demand name for extra stimulus to assist the broad economic system, however narrowing…