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Business 13 Dec 2016 | 12:23 AM

UK households are top spenders in Europe, savings low

LONDON: Households in Britain spend more than anywhere else in Europe, helping to drive the country's economy through its Brexit shock this year, global accountancy firm PwC said in a report published on Tuesday

Business 15 Feb 2016 | 12:00 AM

PBOC sees no basis for continued yuan slide

BEIJING: China’s central bank governor said there’s no basis for continued depreciation of the yuan because the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview published in Caixin magazine.