The parents of a child who died in a traffic accident while riding an Ofo share bike have sued the fast-growing start-up for financial compensation. » Read More
Russian oligarchs, Brazilian bank accounts and Chinese businessmen can be traced back to some troubles in the housing market, according to the New York Times. » Read More
David Dollar, senior fellow at the Brookings Institution and former U.S. Treasury department’s economic and financial emissary to China, discusses Chinese firms faces challenges making deals with the United States. » Read More
By: Michael Brendan Dougherty
There is a major strategic cost to the US alliance with the Saudis, says the National Review's Michael Brendan Dougherty. » Read More
Greater China investors have much to celebrate. Despite the recent turmoil in financial markets, stocks in China and Hong Kong are still booking double- and triple-digit gains year-to-date. This week's A Fund Affair takes a look at a hedge fund that invests in Chinese companies listed across the region.
A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
Asian stocks were mixed in lackluster trade Thursday. Markets drifted in a narrow range in and out of positive territory. But Japan, South Korea and Australia managed to make some gains.
I'm clearly not normal. At least,that's what I understand when I hear that flat panel TVs, GPS systems, computers and video games are at the top of gift request lists again this year. I only bought a new iPod when my old one died (Apple customer service leaves a lot to be desired) and I couldn't begin to tell you any details about my TV, other than it fits my entertainment center nicely...
Procter & Gamble, the world's top maker of household products, will consider brand acquisitions in China to shore up and expand its leading position among multinationals muscling into the booming but fractured domestic consumer goods market.
Typhoon Wipha slammed into China on Wednesday, packing high winds and heavy rains, as the financial hub of Shanghai braced for what could be the most destructive storm in a decade.
Asian markets rallied Wednesday after the U.S. Federal Reserve slashed two key interest rates -- the benchmark fed fund rate and the discount rate -- by 50 basis points each. Japan soared 3.7% and South Korea closed 3.5% higher.
China has confirmed an outbreak of the H5N1 bird flu virus among ducks in an outlying district of the southern metropolis of Guangzhou in Guangdong province, the Agriculture Ministry said.
Goldman Sachs and its investment banking partner in China may part ways, potentially raising questions about future control of the Wall Street firm's business there, the Wall Street Journal reported on Monday.
Asian markets were mostly lower Tuesday as financial shares lost ground amid spreading turmoil in financial markets. Japan shed 2% while South Korea closed 1.77% lower.
Asian stocks finished mostly lower Monday, taking a breather after four straight weeks of gains. The Shanghai Composite Index closed 2% higher and South Korea ended a touch stronger after spending most of the day in negative territory. Australia finished weaker. A public holiday in Japan kept the yen subdued. Markets there were closed for a holiday and will reopen Tuesday.
Several issues weighing on the markets today. Liquidity issues again coming to the fore, this time in the U.K. 1) Northern Rock, the 4th largest mortgage company in the UK, has sought emergency funding from the Bank of England because it won't be able to roll over obligations that are coming due over the next few weeks.
China raised interest rates Friday for the fifth time this year amid signs that repeated attempts to cool the sizzling economy so far have had little effect.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10% to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
Asian markets finished the week higher across the board, boosted by financial shares with Japan closing almost 2% higher. However caution ahead of U.S. retail sales data due later in the session kept the U.S. dollar under pressure.
Like the Ansari X Prize, which was claimed in 2004 by aircraft designer Burt Rutan and financier Paul Allen for a pair of flights by SpaceShipOne, the Google Lunar X Prize is open to private industry and non-government entities worldwide.
As the resource-hungry economies of China and India continue to roar forward, and the dollar continues to plunge to new lows, commodity prices are going wild. The traders speak to the CEO of the world’s largest publicly traded copper company – and the owner of the world’s largest gold mine - to find out how to profit from this boom.
I'm just back from China. We spent a week shooting interviews with the heads of some of the largest listed Chinese companies. All of this was against the backdrop of the World Economic Forum event in Dalian, the northeastern coastal resort city. A great chance to get among the business community and get a feel for the strength of underlying profit growth.
China's industrial output slowed more than expected in August in a tentative sign that tightening measures and tax changes aimed at slowing the world's fastest-growing major economy may be working.
Shares in Aluminum Corp of China, dived more than 11% on Thursday after news that Alcoa, the world's top aluminum producer, sold its stake in the Chinese firm for US$2 billion.