The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly. » Read More
MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.
DOS PALOS, Calif.-- Cannon Michael is a folk hero across California's agriculture heartland, where these days the price of scrap metal influences a farmer's bottom line as much that of the fine pima cotton he grows.
China’s economic data is no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, Equity Strategist at Libra Investment told CNBC.
Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design, which among other things explains market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients.
LONDON-- A round of figures showing China's economy is in relatively good health helped buoy markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain. After a lackluster trading session in Asia, the news on China encouraged investors in Europe.
On "Squawk Box," emerging markets investor Mark Mobius tells Becky Quick his current thinking on investing in Chinese stocks.
Mark Mobius, Templeton Emerging Markets Group, discusses the best places to invest around the world.
BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.
China’s gross domestic product (GDP), data due out Thursday, is likely to disappoint investors accustomed to double-digit growth rates from the mainland, however, experts tell CNBC that it’s time to get off the growth “drug,” and adjust to the implications of economic re-balancing in the country.
STOCKHOLM-- Volvo Cars, owned by China's Geely Holding Group, has decided to temporarily halt production at its main Swedish plant for one week as demand in the automotive market continues to slip in recession-hit Europe. The Goteborg- based carmaker says Monday the production halt will affect some 3,300 employees and will last from Oct. 29 to Nov. 2.
Stephane Deo, global head of asset allocation at UBS, tells CNBC that the pick-up of the consumer is a very long-term change and that not the thing that will help the economy on a cyclical basis.
While the global economic crisis that began in 2008 has shown few signs of abating in pockets, particularly in Europe, the luxury sector overall has been in recovery since 2010, when high-end consumers resumed their easy spending habits.
By afternoon in Europe, benchmark oil for November delivery was down 11 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. Benchmark oil fell 21 cents Friday to settle at $91.86 per barrel on the Nymex. Brent crude, which is used to price international varieties of oil, added 57 cents to $115.19 per barrel in London.
WASHINGTON-- Asia's top powers have doubled defense spending in the past decade, spurred by the explosion in military expenditure by China, new research shows. The research covers China, Japan, India, South Korea and Taiwan, which account for some 87 percent of Asia's defense spending.
BANGKOK-- Asian stock markets fell Monday as hopes dimmed for aggressive moves by China to stimulate its slowing economy.
George Boubouras, Head of Investment Strategy & Consulting, UBS Wealth Mgmt discusses recent efforts by global central banks to stimulate the economy.
Shen Minggao, Head of China Research and Greater China Chief Economist at Citi and Jim Walker, Founder and CEO of Asianomics discuss the latest inflation figures out of China.
China’s exports rose almost 10 percent year-on-year in September, according to data released at the weekend. But speak to Chinese exporters and they say the economic doldrums in Europe mean many are facing more daunting challenges than they were during the 2008 heights of the global financial crisis. The FT reports.
Louis Kuijs, Chief China Economist, RBS warns that despite the recent positive data on China's exports, momentum will fall as 2013 comes around.
Benchmark oil prices will likely gain this week as continued turmoil in the Middle East outweighs global growth concerns, CNBC's latest survey of oil market sentiment showed.