China New

Asian Markets’ Monday Situation

Most Asian markets open lower except China after federal open market committee (FOMC) leaves interest rates near zero last week. Japanese Yen opened lower against…

Janet Yellen, chair of the U.S. Federal Reserve. Photographer: Andrew Harrer/Bloomberg

FED Leaves Interest Rates Unchanged

The U.S Federal Reserve on Thursday left interest rates unchanged citing global economic slowdown amid sluggish exports. Poor exports and low energy prices continues to…

A photographer helps a customer wear a traditional Chinese rental costume at a photo shop in Beijing, China. Photographer: Tomohiro Ohsumi

China Admits to Slower Economic Growth

Finally, China has admitted to slower economic growth than previously made public in 2014. The National Bureau of Statistics early this morning decided to revise…