Wealthy Chinese consumers haven't lost their urge to splurge, according to the CEO of Piaget.» Read More
China Telecom and its state parent will pay more than $14 billion to buy a wireless network owned by the China Unicom group, entering a lucrative mobile arena in the first deal reached under Beijing's sweeping overhaul of the world's largest telecoms industry.
China's manufacturing sector slowed last month for the first time since January as export orders and domestic investment both weakened, an official survey showed on Sunday.
Oil prices rose to more than $127 a barrel on Friday as a drop in the dollar drew in investors seeking to hedge against the weaker greenback.
High prices in the commodities markets have more to do with supply and demand than trader speculation, says Michael Sutherlin.
Oil prices dropped over $4 to below $127 a barrel as concerns about global energy demand and strength in the dollar countered a big decline in U.S. stockpiles last week.
U.S. handbag maker Coach says the China region will make up over 4 percent of its turnover by 2013 as it expands into 100 cities across the country over the next 10 to 15 years, betting its increasingly well-heeled consumers will demand more brand-name products.
Production at global miner Rio Tinto will increase as global demand for commodities continues to soar, while prices are likely to continue rising, the company's CFO Guy Elliott told "Squawk Box Europe" on Thursday.
Inflation appears to be escalating sharply throughout Russia, India and other emerging markets. Fortunately, Tim Seymour may have found a safety zone.
The unprecedented run-up in oil prices may finally have reached a peak as the dollar stabilizes, Saudi Arabia boosts production slightly and demand slows, analysts say.
Oil rose $2 to more than $131 a barrel Wednesday, rebounding from a sharp drop that had been triggered by concerns about a slowdown in world energy demand.
U.S. crude oil futures closed more than $3 lower on Tuesday, extending a slide as a stronger dollar, technical weakness and demand concerns kept the pressure on the oil complex.
Monetary policy should aim to help China recover from this month's devastating earthquake but it must also continue to fight inflation, central bank chief Zhou Xiaochuan said.
Oil rose above $133 on Monday as long-term supply concerns lingered and fresh production problems appeared in Nigeria and Norway.
China's consumer inflation is expected to reach 7% in 2008, up from 4.8% last year, a government economist said in comments published on Monday
China will issue three Licenses for high-speed third-generation mobile phone services and called for a merger of China Unicom and China Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp.
U.S. crude oil futures rose on Friday after seesawing before dealers bought defensively ahead of a long weekend and as the market eyed a weaker dollar and strikes affecting French port traffic.
Oil prices are expected to average above $107 this year and to stay above $102 for the next two years due to concerns over long term supply constraints and strong demand from emerging markets, a Reuters survey of analysts found.
The controversy over China's treatment of Tibet has had many discussing whether world leaders should skip the summer Olympics in Beijing. A survey in Germany and France found a majority believe their leaders should not attend the Opening Ceremonies.
Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering U.S. dollar dampened commodities markets.
There are signs that emerging-market governments who provide gasoline and other energy subsidies to their citizens are under intense pressure to lower those subsidies, and this is causing some trepidation among stock market bulls.