Oil prices crossed the $50 mark per barrel, but the commodity's future growth all comes down to this one thing, says Steve Kopits.» Read More
Asian markets found their footing and reversed losses to close mostly higher Tuesday, but China suffered heavy losses. Energy stocks rose after a surge in oil prices. Japan and South Korea closed stronger after spending most of the morning in negative territory.
China posted a trade surplus of $24.97 billion for August, up from $18.8 billion a year earlier, the customs administration said on Tuesday.
China's consumer price inflation jumped to 6.5% in August, the highest level since December 1996, as a shortage of pork contributed to a surge in food prices. The inflation rate, up from 5.6% in July, easily surpassed economists' forecasts of 5.9% and cemented expectations that the central bank will keep tightening monetary policy.
I admit I'm a sucker for toilet humor. Sure, I'm a professional, mature working mother who goes to church and pays her taxes. All very Harriet Nelson-esque. But tell me a fart joke, and I laugh so hard I cry. Maybe it's because I grew up with three brothers who used to hold various disgusting contests. I won't go into details. Use your imagination.
Merger Monday sure isn’t what it used to be, with just a small deal from Humana on the boards today. However, look a little farther and you can still see deals, but the players are changing. That's the point in a very interesting note this morning from Joseph Quinlan at Bank of America. Quinlan's point: "The traditional rainmakers - corporate giants from the United States...
If you breezed through a list of the world's oldest professions, somewhere in the top five ( but behind 'that' one) you'll undoubtedly come across 'rug making.' From flying carpets to going out of business sales, the rug making industry is steeped in old world tradition. So what could possibly be new?
Here are my thoughts this Monday morning: 1) The problem for the markets is simple. Stocks have held up fairly well because of the belief that this is a liquidity problem and the economic fundamentals (absent housing) have slowed but held up reasonably well. Friday’s data has made that argument less clear.
Blackstone Group has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.
Asian markets pared morning losses, but still closed broadly lower in the afternoon session Monday, with exporters hit hard on concerns the U.S. economy may be heading into a recession. Japan and South Korea both closed over 2% lower.
The Chinese yuan rose sharply against the U.S. dollar on Monday after the Chinese central bank set a higher reference rate for the Chinese currency following Friday's poor U.S. jobs data.
China's August producer price index rose 2.6% from year ago, halting 3-month slowdown. The latest growth may indicate pipeline inflationary pressures building in comparison to those already seen in consumer prices.
Bank of China wants only rich and experienced mainland residents to invest directly in Hong Kong, the bank's chairman said in an interview published on Monday.
Like George Steinbrenner stocking his New York Yankees with All-stars, Cerberus Capital is loading Chrysler with big-time execs. The latest addition is Phil Murtaugh, who will run Chrysler's operation and expansion in China and India. In the last ten years, Murtaugh has carved out a reputation as the American who knows China and how to grow auto sales in that country.
Stocks resumed their climb for the week as retail sales and economic data topped expectations. But a crucial jobs report looms Friday. Are you ready for it?
It was a mixed end to the Asian trading week. Japan's Nikkei 225 Index closed lower as investors took profit from the previous session's gains. But traders mainly took a wait-and-see approach ahead of a key U.S. jobs report due Friday.
Blackstone Group plans to buy a 20 to 40% stake in chemicals company China National BlueStar (Group) for up to $500 million, marking its first major investment in the world's fastest-growing major economy.
Asian stocks closed in broadly positive territory Thursday, with the exception of Hong Kong and Australia, despite U.S. housing data renewing fears over the strength of Asia's top export market.
Chinese President Hu Jintao said on Thursday that China was ready to boost international co-operation to ensure its export products met appropriate safety standards.
Asian markets closed mixed following a cautious day ahead of major U.S. data due this week and an interest rate meeting by the European central bank. Japanese stocks boar the brunt of declines, while Hong Kong investors enjoyed resilience in the Hang Seng.
Traders are expecting lots of volatility in September around the Fed meeting, brokerage earnings reports, triple witching expiration, and an historically poor performance in September. In other words, lots of apprehension and few are expecting any real gains in the month ahead.