Richard Saperstein, HighTower Treasury Partners, discusses his outlook on the Fed and says metrics suggest a hike likely in store for September. Saperstein shares 4 ETF plays.» Read More
China has long relied on workers from its interior to make goods for export. Now it is counting on them to buy goods. The New York Times reports.
Asian stocks struggled on Friday, after fresh signs of consumer weakness and worries about stringent financial regulation sent Wall Street lower.
Asian stock markets ended mostly lower Thursday after paring earlier gains on the back of leadership changes in Australia.
This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific.
Our traders share their thoughts on Tim Geithner and Larry Summers' call for the revaluation of the yuan.
Former Presidential candidate Mitt Romney may be the most recognizable Mormon, but members of his faith, which account for only 2 percent of the US population, have lots of influence in big money—both on Wall Street and throughout the business world.
China is going through the labor unrest and growing pains that you would expect in a country that pass up the U.S. in auto sales last year. In the last two months there have been strikes and labor unrest at different auto plants in China. Compared to some of the doozies in the past here in the U.S., these are mild. But I suspect this is just the beginning.
The nation's rail industry is slimming down to gain new customers. Lighter construction materials and improved engines and wheel components have yielded big gains in fuel efficiency and freight capacity.
Asian stocks slid on Wednesday after Wall Street closed lower as an unexpected fall in poor U.S. housing data added to worries about the fragility of the global economic recovery and optimism over China's promise to make the yuan more flexible faded further.
China's stock markets are known for their volatility and not for the faint-hearted investors. Their movements can be rapid in either direction and hard to predict. But a close study of their performance charts have revealed some trading opportunities and the likelihood of a strong recovery.
China’s central bank decided over the weekend to let its currency trade in a wider range, and this move, according to Jing Ulrich, chair of China equities and commodities at JPMorgan, will have a lasting and positive impact on the country’s overall economy.
With so much attention on Chinese stocks, something that gets very little attention: US-listed Chinese companies that went public through the back door. The back door, in this case..?
The threat of a trade war between the US and China is greatly reduced. The move should help combat Chinese inflation a little by making imports less expensive. The only major country the Chinese have a trade surplus with is the US. Exporters to China should still see better trade as the richer currency buys more.
Since China announced its currency reform policy over the weekend, credit has been ascribed to saber-rattling on the part of the U.S. Congress, and – conversely – the quiet diplomacy the Obama Administration, or some magical elixir combining both.
Money managers who bet wrong will now buy these stocks to look right.
With China emerging as a dominant force in global markets, how should you position as Beijing signals it will allow the yuan to get stronger?
Fed policy is much less relevant to U.S. growth and price stability than in the days of Paul Volcker, because China's yuan policy has substantially limited the importance of Fed interest rate decisions by severing the historic link between short interest rates-like the federal funds rate it targets-and long rates on mortgages, corporate bonds, and the securities banks use to finance lending on cars and credit cards.
Stocks climbed on Monday following news that China is dropping its informal peg of the yuan to the dollar, a move investors believe will boost Chinese demand for exports as well as commodities. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.
China's currency announcement has the potential to boost American exports, says Fred Hochberg, President and Chairman of the US Export-Import Bank.
China has finally bowed to international pressure, and this move is seen as an attempt by China to placate the West and ease international criticism of its rigid currency policy ahead of the G20 leaders meet in Toronto this coming weekend; a face-saving way of giving in to pressure from the US, EU and international financial institutions to allow its currency to appreciate.