Economic deceleration

China may put reforms on hold to boost economy

President Xi Jinping hailed China's "reconstructive reforms" in a New Year speech, but the sorely needed changes could be put on ice in favour of averting a potentially devastating economic downturn.The way ahead is further complicated by a volatile trade dispute with the United States (US) that – if unresolved – will add to the burden of Beijing’s policymakers as they seek to fuel an economy that is running out of steam.Beijing has for years come under pressure to introduce mu

6 January 2019

Apple cuts outlook amidst 'challenges'

Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected "economic deceleration" in China and emerging markets.The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing.Apple shares slid some 7.6 percent in after-hours trade on the news.The company slashed its revenue guidance for the first fiscal quarter of 2019, ended 29 December,

4 January 2019