Asia Top News and Analysis China

  • what happened to globalization

    Dan Yergin, vice-chairman of IHS Markit, discusses the U.S. economy amid anti-globalization sentiment.

  • Globalization does not have to be reversed: Jamie Dimon

    JPMorgan Chase CEO Jamie Dimon argues that globalization has "lifted 2 billion people out of poverty."

  • Chinese President Xi right to promote globalization: Aussie FinMin

    Mathias Cormann, Australian finance minister, reacts to Chinese President Xi Jinping's address to Davos on globalization.

  • LONDON, Jan 18- Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of U.S. inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains. The metal peaked at $1,218.64 an ounce on Tuesday as the dollar index slid to a four-week low, hurt by U.S. president-elect Donald Trump's...

  • Shanghai- based Dipont Education Management Group "has withdrawn from the project," Jerome Lucido, who heads a University of Southern California research center that has been working on it, said in a statement to Reuters. A committee of participating schools- including Stanford University, Columbia University, Massachusetts Institute of Technology and the...

  • Chinese President Xi's statement to Davos very reassuring: Renault CEO

    Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance, discusses the importance of China to the automotive industry.

  • BEIJING, Jan 18- Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences. The price moderation will come as a relief to China's leaders as they wrestle with economic targets for 2017.. Sources have told Reuters that Beijing is...

  • BEIJING, Jan 18- China should urgently solve problems in its property market by putting a cap on the prices at which new homes are sold, a researcher for the cabinet was quoted as saying on Wednesday by a state-owned newspaper. Prices of new homes in China increased last year at the fastest rate since 2011. In Shenzhen, Shanghai and Beijing, prices rose more than 20...

  • LONDON, Jan 18- Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of U.S. inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains. The metal peaked at $1,218.64 an ounce on Tuesday as the dollar index slid to a four-week low, hurt by U.S. president-elect Donald Trump's...

  • BEIJING, Jan 18- China should urgently solve problems in its property market by putting a cap on the prices at which new homes are sold, a researcher for the cabinet was quoted as saying on Wednesday by a state-owned newspaper. Prices of new homes in China increased last year at the fastest rate since 2011. In Shenzhen, Shanghai and Beijing, prices rose more than 20...

  • BOSTON/ BEIJING, Jan 18- The hedge fund investment firm founded by Anthony Scaramucci said it will sell a majority of itself to RON Transatlantic EG and an arm of Chinese aviation and tourism conglomerate HNA Group, four days after Scaramucci took a position in President-elect Donald Trump's administration. For HNA Group, which announced about $20 billion of...

  • LONDON, Jan 18- Emerging stocks rose for a second day on Wednesday but currencies struggled to build on their gains in the wake of recent dollar weakness with South Africa's rand and Turkey's lira coming under renewed pressure. Trump- who will be inaugurated on Friday- had threatened previously to declare China a currency manipulator after taking office.

  • SHANGHAI, Jan 18- China's yuan firmed against the dollar on Wednesday, supported by a surge in onshore forwards late in the afternoon on expectations of tighter liquidity over the long Lunar New Year holidays. Chinese companies and individuals usually withdraw large amounts of cash from banks in preparation for the week-long Lunar New Year holiday, which this...

  • *President Xi in Davos paints picture of "wide open" China. Xi made a vigorous defence of globalisation at the World Economic Forum and painted a picture of China as a "wide open" economy, but foreign businesses see it through a very different lens. An annual survey from the American Chamber of Commerce in China released on Wednesday showed that more than 80 percent of...

  • *President Xi in Davos paints picture of "wide open" China. Xi made a vigorous defense of globalization at the World Economic Forum and painted a picture of China as a "wide open" economy, but foreign businesses see it through a very different lens. An annual survey from the American Chamber of Commerce in China released on Wednesday showed that more than 80 percent of...

  • The chamber's report comes a day after China's President Xi Jinping gave a speech at the World Economic Forum championing open markets, and Beijing unveiled proposals to reduce restrictions on foreign investment in China. Business circles are particularly concerned over the future of U.S.- China commercial ties as President-elect Donald Trump prepares...

  • The chamber's report comes a day after China's President Xi Jinping gave a speech at the World Economic Forum championing open markets, and Beijing unveiled proposals to reduce restrictions on foreign investment in China. Business circles are particularly concerned over the future of U.S.- China commercial ties as President-elect Donald Trump prepares...

  • BEIJING, Jan 18- China issued regulatory rules on outbound investments by centrally-controlled state firms, the state asset regulator said on Wednesday, the latest move by Beijing to tighten controls on money moving out of the country and stabilize a faltering yuan. The State-owned Assets Supervision and Administration Commission said it would step up...

  • Trade only responsible for 2 job losses out of 10: WTO Director-General

    World Trade Organisation Director-General Roberto Azevêdo argues that technology - not global trade - is a bigger impact on job losses.

  • Important that Europe gets its act together: Adidas CEO

    Adidas CEO Kasper Rorsted discusses Chinese President Xi Jinping's address to Davos - while western political leaders stayed away.