Jon Cox, head of European consumer equities at Kepler Cheuvreux , says he sees upside for luxury stocks in the medium to long term.» Read More
China and South Korea are investigating complaints that hundreds of Korean-invested factories have closed down, leaving workers without pay.
Hong Kong announced a record fiscal surplus in its annual budget on Wednesday, enabling Financial Secretary John Tsang to offer tax concessions and handouts, but forecast a temporary return to a fiscal deficit in 2008/09.
China's money and credit growth will slow this year as the central bank implements a battery of tightening measures to achieve its primary goal of taming inflation, a senior central bank official said on Sunday.
Serb rioters broke into the U.S. Embassy and set fire to an office after a massive protest against Kosovo's independence that drew an estimated 150,000 people.
In case you are wondering why commodity prices continue to rise in the face of a U.S. slowdown, please listen to what Rio Tinto CEO Tom Albanese told our David Faber a short while ago. He discussed how China was continuing to suck up a greater and greater part of the world's commodity supplies, and concluded by noting that China now consumes:
Rio Tinto isn't interested in takeover bids from BHP Billiton -- or any other companies, says CEO Tom Albanese. In November 2007, BHP had offered 3.4 shares of BHP for every share of Rio Tinto. But Rio's board rejected the bid as well as a subsequent sweetened offer. The CEO explained to CNBC that in the days since the initial bid, "Our markets have gotten even stronger." Thank China.
China's annual consumer price inflation jumped to 7.1 percent in January, the highest in more than 11 years, reinforcing expectations that Beijing will stick to a tight monetary policy despite softening economic growth.
This week, we delve into the world of natural resources and chart the Chinese company, Chalco. Mining giants BHP Billiton and Rio Tinto have dominated the headlines of late, with BHP aggressively pursuing a bid to acquire Rio.
Japanese and South Korean steel mills have agreed to pay Brazilian mining giant Vale 65 percent more for iron ore under term contracts this year, sources said on Monday, setting the stage for other Asian steel mills to conclude similar deals.
China's producer price inflation jumped to a three-year high in January as transport disruptions caused by severe winter weather pushed up the cost of food and coal.
A slew of weak economic news and stronger than expected inflation news is weighing on stocks ahead of the Presidents’ Day weekend. Consider: .
China's economy is likely to grow around 10 percent this year despite a global slowdown stemming from the U.S. subprime mortgage crisis, Dominique Strauss-Kahn, managing director of the International Monetary Fund, said on Friday.
Once again, the energy sector is leading the market--in fact the AmEx Oil Index is up six days in a row. What's going on? Oil commodity traders don't believe the International Energy Agency's claim that oil prices will drop in response to slower U.S. growth (which they said yesterday), and have been bidding up oil, which at $94.40 is at its highest level in a month.
The United States has won a preliminary ruling in a World Trade Organization case over Chinese tax policies that restrict imports of foreign auto parts, a U.S. trade official said on Wednesday.
Venezuela needs US refineries as much as we need the oil.The bulk of Venezuelan oil into Exxon's U.S. operations goes into its joint venture in Louisiana. Venezuela supplied about 78,000 bpd into the Chalmette refinery in Louisiana last year, according to energy analyst Andy Lipow in Houston.
The fast-food company's opening a restaurant a day there, and there's plenty more room to grow.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
China Investment Corporation (CIC), the Chinese sovereign wealth fund, is near a deal with private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial institutions, the Financial Times reported.
BRIC is out. These new global investment hot spots are in.
Rio Tinto rejected a sweetened $147.4 billion takeover offer from miner BHP Billiton, saying the hostile bid undervalued the company.
Futures are up slightly after yesterday's 90 percent downside day. The problem with yesterday is that it clearly reinforced the notion that we are still in a downtrend; many now expect the January lows to be tested. The Dow is down nearly 500 points in the last two trading sessions.