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Inflation has been tamed and a slowing economy, underscored by an increase in unemployment, will lead the Federal Reserve to cut interest rates this summer.
U.S. Treasury Secretary Henry Paulson arrived in Beijing Wednesday to lobby high-level Chinese officials for action to end Beijing's controversial currency controls and rein in its bulging trade surplus.
For the last 20 years, Dennis Gartman's daily musings on commodity and other markets has become required reading for every serious trader, hedge fund manager and analyst out there. Top traders including our own Eric Bolling consider Gartman to be one of the most insightful strategists in the world... and on tonight's Fast Money not only did he honor us with a visit he revealed why he's calling for a global bear market.
Volkswagen aims to increase its market share in China after sales to the Asian country boosted VW's group unit sales by 7.6% in the first two months of this year, it said on Tuesday.
Investors watching the market's wild swings over the past week may well be wondering what--if anything--they should do about their portfolios. While market pros advise against making any major changes right away, they say now is a good time to start adjusting your investments.
China plans to cut its 2007 budget deficit to 245 billion yuan, or 1.1% of gross domestic product. China will also consider widening the yuan's daily trading range when necessary but has no timetable for doing so.
China will deepen financial market reforms, restructure state policy banks and accelerate development of the rural financial system, according to excerpts from Premier Wen Jiabao's speech seen by Reuters.
It was a turbulent week for China's fledging stock market with Chinese investors watching the drama unfold before their eyes last week. And the drama is likely to carry on this week with plenty ups and downs to come.
Four days, five-hundred points and a forecaster's nightmare. A dozen top analysts weigh in on the week that was.
Many of those seeking reasons for Tuesday's market meltdown have turned from China to Japan. Two forex experts told CNBC's Liz Claman why the global shock may have more to do with Tokyo than Shanghai -- or New York.
As Tuesday's market meltdown shows, China has to walk a fine line when it tries to reign in its surging economy. A suggestion by China's government that it might curb excessive speculation in stocks triggered an 8.8% plunge in the Shanghai Composite Index and set the stage for a global market selloff.
U.S. stocks are setting up a relief rally this morning after yesterday's high velocity selloff. World stock markets continue to spin lower, starting with Asia last night where most markets suffered losses. The exception was the market that started it all, China's Shanghai stock market, which recovered more than a third of Tuesday's losses.
Government efforts to cool China's stock market may rattle global investors for a day now and then but they may help in the long run.
Andy Brough, Fund Manager at Schroders, doesn’t need my support, but I’ll offer it anyhow. Nice to have a money manager on the programme who makes a point of trying what he is buying.
Best Buy plans to open about 130 stores in the United States, Canada and China during its fiscal year beginning March 4, the company said today.
A top Chinese government research institute forecast on Tuesday that gross domestic product growth would slow moderately in the first half of this year while inflation would rise.
Falling oil and weaker global markets are the backdrop for a likely lower opening in U.S. stocks this morning. Saudi Arabia's oil minister Ali Naimi knocked the wind out of oil prices early today. In an interview with the Wall Street Journal, Naimi said he was satisfied with market conditions and that OPEC may not need to change output.
China posted a chunky trade surplus for January of $15.88 billion, propelling the rolling 12-month total to a record high.
"If the market's going up, why am I so worried?" That sounds like a question from a self-help group. It encapsulates a lot of the viewer feedback we are receiving on "Squaw Box" at the moment.
U.S. Treasury Secretary Henry Paulson told lawmakers that the U.S. is seeking benchmarks for actions to open China's economy to more U.S. goods and services.