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China's economy is in better shape than expected, the country's premier said, but a big fall in wholesale prices in Japan shows the world's second largest economy was sliding back towards deflation.
NEW YORK (Reuters) - U.S. President Barack Obama sought swift action from G20 leaders on stimulating the economy abroad and new powers to wind down failing financial firms at home on Tuesday, a day after markets cheered his plan to soak up toxic assets weighing down the banks.
AT a time when consumer spending is expected to slow down, two sectors seem to indicate they may be relatively resilient - food and beverage (FB) and mobile phone communications.