Business

Business China cuts rates for 3rd time in 6 months to boost economy China cuts rates for 3rd time in 6 months to boost economy
China cut interest rates Sunday for the third time in six months to boost sluggish economic growth and announced that it is giving banks more flexibility in setting rates paid to depositors in a new step to make its financial system more market-oriented.
Business Survey: Hiring by U.S. businesses slows sharply in April Survey: Hiring by U.S. businesses slows sharply in April
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.