The date for liftoff will matter tremendously, particularly if the central bank decides to move in a month that's likely to be a highly volatile one.» Read More
New U.S. litigation against China--meant to boost protection of intellectual property rights--is not expected to increase trade tensions between the two countries, a U.S. trade official told Melissa Francis on “Closing Bell.”
U.S. trade officials have warned China for more than a year they could take action at the WTO because of piracy concerns.
The yuan was lower against the U.S. dollar at midday on Monday, under pressure from the U.S. currency's strength on global markets after robust U.S. jobs data reinforced the view the Federal Reserve would not cut interest rates in the near term.
The Food and Drug Administration doesn’t have the staff to inspect all food imported to the U.S., raising basic health concerns and forcing consumers to take producers' word that it’s safe, a food expert said.
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
China's top lender, Industrial and Commercial Bank of China, posted a 31% jump in 2006 profit on Tuesday, lagging market expectations but topping its own forecast on improving loan quality and sharp growth in fee income.
Robert Greifeld, president and chief executive officer of Nasdaq, told CNBC’s “Squawk on the Street” that 40 Chinese companies with a total market cap of about $30 billion have listed on the exchange to date.
PepsiCo, the world's No. 2 soft drink company, plans to double its workforce in China over the next half decade as it fights for a larger slice of the growing market, Chief Executive Indra Nooyi said on Tuesday.
A Chinese company targeted by Washington with duties on "unfair" state subsidies said on Monday it would fight the move, which state media and officials said would exacerbate frictions caused by a huge U.S. trade deficit.
HSBC Holdings plans to nearly double its number of outlets in China this year as it develops its yuan retail banking business.
The action reverses 23 years of U.S. trade policy by treating China, which is classified as a nonmarket economy, in the same way that other U.S. trading partners are treated in disputes involving government subsidies.
On Friday, the U.S. Commerce Department announced it would impose import duties on shipments of Chinese coated paper. The move reverses a 23-year policy of not enacting tariffs on goods from nations deemed to have non-market economies. Perhaps more significantly, the decision signifies China's evolution into a developed global powerhouse -- one which is now expected to "follow the same rules" as the U.S., according to Commerce Secretary Carlos Gutierrez.
Remember the song “One Thing Leads To Another” by The Fixx? An '80s staple on MTV, it could well have been the theme for the day on the Breaking News Desk. One thing led to another, which led to another, which led to another... Domino No. 1: The Commerce Department announces that it would impose sanctions on Chinese paper imports -- the first time in 23 years that duties have been applied to Chinese imports...
Secretary of Commerce Carlos Gutierrez announced Friday that the U.S. would reverse policy and impose duties on Chinese imports, beginning with coated papers. On a week when the U.S. dollar dropped against all major currencies, what does the tariff herald for the second quarter? Two currency experts gave their views to CNBC's Bill Griffeth.
The global selloff throughout world stock markets triggered by the brief but sharp fall in the Shanghai Composite Index at the end of February has stirred up even more interest in already hot Chinese markets. This week, "A Fund Affair" features AMP Capital's China Growth Fund, which gives the investor rare access to China 'A' shares.
The delivery of information and services via the Internet could threaten as many as 40 million U.S. jobs in the next 20 years, Princeton University economist Alan Blinder told CNBC.“If you look back in history, (overseas job loss) has been concentrated in manufacturing,” Blinder said Wednesday on CNBC’s “Street Signs.”
Jordan Kotick, global head of technical analysis for Barclays Capital, told CNBC’s “Closing Bell” that Monday's market downturn won’t hurt long-term prospects for stocks. He also said he’s bullish on global equities and suggested investors look at Brazil, Russia, India and China for values.
In a wide-ranging interview with CNBC’s Scott Wapner at the annual Tavistock Cup in Florida, the South African golf star talks about investing and the world of golf.
Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.
Chip giant Intel said on Monday it would invest $2.5 billion to build a microchip plant in northeastern China, with the production of chipsets to begin in 2010.