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Market Update  

- By Sue Chang, MarketWatch China's second-quarter GDP grew 6.7% year-on-year Stocks in Asia fell Monday following Chinese economic data which suggested that the world's second largest econ...
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Business News  

China's economic growth cools amid trade tensions
(AP Photo - Andy Wong)
By JOE McDONALD
From Associated Press
July 15, 2018 11:47 PM EST

BEIJING (AP) — China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington.

BEIJING (AP) — A senior European Union official on Monday urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos.

WASHINGTON (AP) — A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington.

BANGKOK (AP) — Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations. Geopolitical and trade tensions were weighing on sentiment despite gains last week on Wall Street.

DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

NEW YORK (AP) — The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn.

FORESTVILLE, Md. (AP) — Members of the Washington Metro's largest union have voted overwhelmingly to authorize their leader to call for a strike amid an extended labor dispute.

LOS ANGELES (AP) — "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.

OLD ORCHARD BEACH, Maine (AP) — The United States and Canada are engaged in a trade dispute, angering Canadians, but it doesn't seem to be having an impact on tourism.

CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. fell a penny a gallon over the past three weeks to $2.94.

LONDON (AP) — In the midst of a messy political crisis at home over Britain's impending exit from the European Union, Prime Minister Theresa May revealed Sunday that Donald Trump gave her this piece of advice: Sue the EU, don't negotiate.

DETROIT (AP) — It's been five years since Detroit bottomed out after decades of decline, admitting in the largest U.S. municipal bankruptcy filing ever that the country's one-time industrial engine could no longer pay its bills.

DES MOINES, Iowa (AP) — Even before the specter of a trade war with China and other countries threatened to cost them billions of dollars, American farmers were feeling the squeeze from fluctuating crop prices and other factors that have halved their overall income in recent years.

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators are warning casinos to submit their plans for sports betting by Monday or risk not being approved in time for the start of football season.

WASHINGTON (AP) — A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington.

NEW YORK (AP) — Office space sharing company WeWork says it is no longer serving red or white meat at company events. In an email to employees Thursday, co-founder and Chief Creative Officer Miguel McKelvey said the company won't serve pork, poultry or red meat, and it won't allow employees to expense meals that include those meats to the company.

EAST RUTHERFORD, N.J. (AP) — A northern New Jersey horse racing track has brought legal sports betting to New York City's doorstep.

BERLIN (AP) — Passengers of budget airline Ryanair expressed anger Saturday over the way the company treated them following an unscheduled landing in Germany that forced dozens to seek hospital treatment.

LONDON (AP) — The Latest on protests against President Donald Trump's visit to Britain (all times local): 3:15 p.m. The last of the thousands of anti-Trump protesters in Edinburgh have arrived at The Meadows, a park in the Scottish capital where a giant balloon depicting President Donald Trump as an angry orange baby is floating in the air.

PARIS (AP) — France's military had something extra to celebrate Saturday as it showed off its might for Bastille Day celebrations: a budget boost from President Emmanuel Macron.

BERLIN (AP) — German automaker Opel reportedly faces questions over emissions from its diesel vehicles, an issue that's already tarnished many of its competitors.

DETROIT (AP) — The U.S. government's road safety agency is urging automakers to speed up replacement of potentially dangerous Takata air bag inflators.

In the first known case of its kind, U.S. drug agents supplied unwitting cocaine-trafficking suspects in California with smartphones they thought were encrypted but had been rigged to allow eavesdropping, Human Rights Watch reported Friday.

WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years.