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Asia stocks lower amid growth worries; oil rebounds

SHANGHAI (Reuters) – Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices. FILE PHOTO: A panel displays the closing Hang Seng Index outside ...

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Alibaba Singles’ Day tops $30 billion but growth rate plunges

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate. Shoppers in China and across the world snapped up hot ...

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Argentine recession seen bottoming out in first quarter: IMF

BUENOS AIRES (Reuters) – Argentina’s shrinking economy will bottom out in the first three months of next year and start to recover in the second quarter, an International Monetary Fund official said on Saturday. A man talks on his cell phone in Buenos Aires’ financial district, Argentina October 4, 2018. ...

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