Business articles

Moody’s cuts China’s rating on debt concerns

Moody’s ratings agency downgraded China’s credit score on Wednesday, warning that economy-wide debt is expected to rise as potential economic growth slows over the coming years.

Australian magnate Andrew Forrest gives away R4-billion

Mining magnate Andrew “Twiggy” Forrest Monday made the biggest single philanthropic donation in Australian history, giving away Aus$400 million (US$298 million) to a variety of social and scientific causes.

What now for the TPP?

It was billed as the world’s biggest trade deal, a feather in the cap of globalisation advocates that promised to re-write the rules for 21st century commerce.

US carmakers downshift on Trump economic plan

Steadily rising US auto sales helped fuel the economic recovery, but sales have shifted into lower gear even as President Donald Trump counts on carmakers to provide a lift to his economic plans.

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