Hedge fund manager Kyle Bass' call for an imminent China banking crisis is already getting push-back, with Deutsche Bank calling it unlikely and exaggerated.» Read More
Wal-Mart Stores said Friday its board has approved a new share buyback program worth $15 billion to replace its existing program.
Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday.
Extreme weather conditions can push food prices, already on a high in Asia, further north. In 2011 regional inflation could be close to 5 percent, provided there is no sudden spike in the year.
Secretary of State Hillary Clinton ratcheted up pressure on the Chinese Thursday over allegations of spying on the personal email accounts of top-level US officials. The Chinese government disavowed any involvement in the latest incident and sought to cast suspicion back on Google’s motive for disclosing the alleged attack.
Authorities in the United States are investigating a Google claim that hackers in China stole email details of senior U.S. government officials—an issue that illustrates the problem of attribution in cyberspace, the coordinator for cyber issues at the U.S. State Department said Thursday.
The foreign exchange market is running scared and there will be a fresh round of quantitative easing, David Bloom, global head of foreign exchange markets at HSBC told CNBC Wednesday.
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London.
China's government has got an ambitious plan to divert trillions of gallons of water from the Yangtze River to quench the thirst of the millions of Chinese in the country's north plain. But the expensive plan is raising a lot of eyebrows. The NYT reports.
Privately, European officials and analysts have been complaining that the bulk of the main rating agencies – two out of three – are based in the US and not always objective when it comes to rating European countries. In Asia and Europe, officials are looking for solutions.
If recent land auctions across China are anything to go by, then Beijing’s efforts to cool the country’s sizzling residential property market are finally beginning to work after a year of moral suasion and threats to local governments, banks and developers. The FT reports.
"Notwithstanding the historical parallel, I suspect that it is very unlikely that there will be a QE3. This view is based on an assessment of economic, political and international factors:" Pimco's El-Erian says in a guest blog.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
If the Chinese economy is really so strong, why are Chinese regulators preparing a bailout of bad loans made to local governments that may amount to almost a half trillion dollars?
Commodity prices are once again reaching record highs, supported by a weak dollar and improving global demand, whether it be speculative or not.
The euro is gaining and stocks are following the single currency higher, but investors should avoid chasing the risk-on trade according to one analyst.
The question now is how much economic growth may slow, before the authorities shift from controlling inflation to revving the growth engine. The NYT reports.
The National Basketball Association is targeting India with an aggressive marketing push as it seeks to replicate its success in China, which has become the league’s largest foreign market. The FT reports.
China has ordered its banks to conduct stress tests to see how they would be affected if property prices fell by up to 50 per cent, in a sign of growing official unease about the overheated real estate market. The FT reports.
This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific.
The New Zealand dollar looks ready to break out, this technical expert says.