What the IMF did was make a political decision, says Gordon Chang, Forbes contributor, discussing the Chinese currency being named as a world reserve.» Read More
Asian stocks hovered close to eight-month highs Wednesday, pausing for breath after rallying on optimism that the global economy is through the worst, while the dollar struggled near its latest set of lows for the year.
Vietnam is following China’s footsteps in terms of economic growth and they will produce great returns for investors in the next 10 years, said Rob Lutts, founder and CIO of Cabot Money Management.
Improving global manufacturing data lifted some Asian markets Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.
China's manufacturing sector continued to expand moderately in May. How should you trade the trend?
Plus, Cramer makes the call on energy, autos, retail and more.
With GM about to experience the vagaries of bankruptcy court, the pain process of debt deleveraging and job losses begins. This is necessary and is indicative of where we are in the ultimate end game for the economy.
While GM is grabbing the headlines, stock traders over the weekend were talking about: The continuing strength of the China/commodity play.
Asian markets shot to eight-month highs Monday after a gauge of China's manufacturing activity offered fresh evidence of a recovery in the world's third-largest economy.
David Lutz, managing director at Stiefel Nicolaus Capital Markets and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest now.
If there's one strategic communication goal Treasury Secretary Geithner should strive to achieve this weekend in China, it would be to strike down the myth that the U.S. is beholden to the Chinese because they buy our debt, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Asian markets were mostly higher Friday, but lagging Wall Street's rise after some solid gains earlier in the week. Higher commodity prices also supported mining and energy-related stocks in Asia, though investors were reluctant to take big bets on increasingly expensive shares until more evidence emerged of a sustained recovery.
Asian markets were mixed Thursday in choppy trade as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world's largest economy. South Korea though managed a 2 percent jump later in the session.
As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.
Asian markets rose Wednesday to their highest level in more than seven months after a jump in U.S. consumer confidence reinforced expectations the global economy has hit a bottom, even if recovery appears fragile.
Volkswagen says it has signed a "memorandum of understanding" with Chinese carmaker BYD to explore "options for partnership in the area of hybrids and electric vehicles powered by lithium batteries." Warren Buffett's Berkshire Hathaway bought a 10 percent stake in BYD last fall, and Buffett has been personally promoting the company's efforts.
Asian markets edged lower Tuesday with stocks in Seoul ending the session down 2 percent after North Korea threatened to launch more missiles while investor doubts about the world economy kept riskier assets such as the euro under pressure.
Asian markets were mixed in extremely choppy trade Monday with South Korean stocks and the won tumbling after North Korea said it had conducted a nuclear test. This hit regional shares, which were trading higher until the news, stirring caution among investors.
Plus, Cramer explains why DigitalGlobe was a buy on its IPO but not in the aftermarket.
The U.S. dollar will continue to be the currency of choice, said Ron Shah, managing partner at Jina Ventures.
Asian markets were mostly lower Friday with the U.S. dollar falling to its weakest in almost five months against major currencies on investor worries that the United States would lose its AAA rating.