Will the Japanese banks be hurt if the interest rates continue to go negative? Russ Koesterich, BlackRock, thinks the Japan market is arguably oversold right now.» Read More
A few American auto companies show strength in China despite political friction, Citigroup analyst Itay Michaeli said Wednesday on CNBC.
WASHINGTON, Oct 10- The United States said on Wednesday it had set final anti-dumping duties ranging from 18.32 percent to 249.96 percent on billions of dollars of solar panels and cells from China to offset unfair pricing.
Tensions continue to escalate in China and Japan over ownership of uninhabited islands in the East China Sea, with Rodger Baker, Stratfor; and Itay Michaeli, Citi auto analyst, discusses how the dispute and slowing china growth could impact U.S. automakers.
In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."
NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.
BANGKOK, Oct 11- Year-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in Southeast Asia.
HONG KONG, Oct 11- Apple Inc's largest contract manufacturer has been pushing for a Chinese worker left brain-damaged in a factory accident to be removed from hospital in a case that throws a harsh new spotlight on labour rights in China.
YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.
WASHINGTON, Oct 10- The United States has set final anti-dumping duties ranging from 18.32 percent to 249.96 percent on billions of dollars of solar panels and cells from China, an attorney involved in the case said on Wednesday.
LONDON, Oct 10- Tom Enders was flying high six weeks ago; newly elevated to the top job at Europe's EADS, his secret merger deal to create the world's biggest aerospace group and rid himself of burdensome government meddling was preparing for launch.
TORONTO, Oct 10- Canada's main stock index hit its lowest closing level in nearly five weeks on Wednesday, driven downward by falling financial and energy shares after the start of the U.S. earnings season flashed mixed signals for the global economy. posting a quarterly net loss and a weaker consumption outlook for China, while Chevron's.
NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street's earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.
TWO BAD REPORTS: Alcoa beat Wall Street earnings estimates but cut its demand expectation for the year, mostly because of a slowdown in China. Chevron said slumping oil prices and production would hurt its earnings. WAL-MART GREETS A RECORD: Wal-Mart Stores surged $1.28 to $75.42 and touched an all-time high, $76.81.
NEW YORK, Oct 10- Since the release of director Paul Thomas Anderson's new movie, "The Master", talk by filmgoers and critics alike has spanned its link to Scientology, themes of control and its Oscar hopes.
NEW YORK-- The Dow Jones industrial average is finishing sharply lower after downbeat reports from two stocks in the average, Alcoa and Chevron. Alcoa, the aluminum company, beat Wall Street earnings estimates on Tuesday night but cut its demand expectation for the year, mostly because of a slowdown in China.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
*Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays in crude from the North Sea, were also closely watching forecasts from the U.S. government and the Organization of the Petroleum Exporting Countries.
*Cotton market awaits USDA supply/demand report Thursday. The cotton market was awaiting the U.S. Department of Agriculture's monthly report due on Thursday for any signs of damage to new crops in west Texas, the major U.S. growing region, after recent wet weather.
DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.
WASHINGTON, Oct 10- At least 130 projects that capture and store carbon emissions at coal power and industrial plants must come online by 2020 if the world is to stay on course to keeping the rise in global temperatures below a threshold deemed dangerous by scientists, a new report released Wednesday said.