SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...» Read More
Americans have just voted on who will govern them for the next four years, now China is poised to usher in a new generation of leaders that will rule the world’s second largest economy for the next 10 years.
While there is a lot of interest in China's new generation of leaders, who are expected to keep the Asian giant on the path of growth, there are also individuals who are working behind the scenes, broking deals and influencing decision making. We've put together a list of 10 most important people to know in China who are likely to have an impact on the country’s future. Our top 10 includes China’s elite who exert political influence, are economic leaders and well known social figures. Find out which Chinese politicians, heads of key organizations and businessmen and women you should watch out for.
The Reserve Bank of Australia (RBA) passed on the opportunity to cut interest rates at a policy meeting on Tuesday, but weakening economic conditions could force its hand next month, economists tell CNBC.
An Obama re-election will only fuel corporate America’s fears as it holds back on investing in the country amid a stalemate over the “fiscal cliff” and lack of clarity over tax rates, billionaire investor Wilbur Ross told CNBC.
There appears to be a perception in markets that once this week’s key political events in the U.S. and China are over, uncertainty will be lifted and investors can get back to the ‘risk on’ trading environment that has prevailed in recent months. Don’t bet on it, strategists say.
Here is a run-down of the main figures in China's Communist Party as the country names the "Fifth Generation" of leaders to the helm of the world’s second largest economy.
Five years ago, Xi Jinping, the man expected to shortly become one of the two most powerful men in China, was having dinner with the U.S. ambassador to Beijing, when he brought up his love of Hollywood movies. In particular, he expressed a great admiration of Steven Spielberg’s World War II epic “Saving Private Ryan.”
Political events this week in the world’s two biggest economies may have had investors sitting on the sidelines, but strategists say it's not time to be overly cautious, rather, investors should resume some risk and buy equities.
The prospect of lower interest rates often means one thing in financial markets– a weaker currency. But that does not appear to be the case with the Australian dollar, which is expected to stay strong even as the nation’s central bank looks set to cut interest rates again this week.
The recent slew of manufacturing data suggest Asian economies are on the path to recovery after a year of slowing growth, but economists warn it might be too early for celebration.
As China’s Communist Party prepares a momentous leadership change in early November, it is losing skilled professionals in record numbers. The NYT reports.
Among active stocks, construction equipment maker Komatsu rallied 3.2 per cent to Y1, 672 on receding concerns over its outlook following second-quarter results. Hitachi jumped 3.2 per cent to Y423 after maintaining its full-year profit forecast.
Ahn Chul- soo, a 50- year-old technology entrepreneur and academic, is a stranger to the corridors of political power- but he has portrayed this as a virtue as he woos voters unhappy about social inequality and slowing economic growth.
With economic growth falling to the slowest pace in three years in the latest quarter, and household debt at over 150 per cent of disposable income, Korea's small companies that largely depend on domestic services are struggling against the might of their giant counterparts.
From protests and mass rallies to burning of government effigies, Indian shop owners say Wal-Mart is not welcome in India. But do these businesses have reason to fear the world's biggest retailer entering their market?
Hong Kong’s latest round of property measures to curb speculation by foreign buyers is likely to have a minimal impact on cooling sky-high prices in the island-state, say experts, with tight supply conditions and demand from local homebuyers preventing any large declines in home values.
The Bank of Japan is tipped to ease monetary policy on Tuesday by expanding its asset-purchase program for a second straight month and analysts reckon it won’t be the last time either as the central bank ramps up its efforts to prop up a weak economy.
The European Central Bank (ECB) reassured financial markets last month that it was doing whatever it takes to end the euro zone debt crisis, now they want to hear what the ECB chief Mario Draghi will do to tackle the region’s other pressing concern - an economy on the brink of recession.
Global private equity firms are fast stepping up their focus on Southeast Asia, a region that boasts high growth, favorable demographics and rising consumer affluence.
Its youthful population that gives it a competitive edge over regional peers China and Japan and setting it apart from countries across the world.
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