Global ExchangeAug 20, 2016Markets & Economy
Maryam Behmard on Global Exchange: China Slows, Retail Pivots
Falling Chinese trade, Walmart's Jet.com deal, and Macy's closing 100 stores - a week of tectonic shifts.
In this segment
- Chinese exports and imports fall more than expected; German industrial output softens.
- Walmart acquires Jet.com while Macy's closes 100 stores to go digital-first.
- Oil climbs on a potential Norwegian strike and IEA optimism.
- EU unity proves steadier than post-Brexit fears suggested.