A company owned by the Chinese government is building schools in South Carolina and fixing bridges in NY State. Still, China Construction of America, wants to be seen as an American company, reports CNBC's Michelle Caruso-Cabrera.» Read More
A company owned by the Chinese government is building schools in South Carolina and fixing bridges in NY State. Still, China Construction of America, wants to be seen as an American company, reports CNBC's Michelle Caruso-Cabrera.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
MEXICO CITY, May 22- Mexico sees total mining investment between 2013-2018 of at least $25 billion, holding steady or rising slightly from the previous six years despite the prospect of less favorable metals prices, Mexico's top government mining official told Reuters on Wednesday.
NEW YORK, May 22- Brent crude oil dropped to $103 per barrel on Wednesday after data showing an unexpected jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer might be weaker than expected.
China Construction America has been investing in the US for 28 years. CCA's CEO says they still have to overcome distrust as it is majority-owned by the Chinese government.
LONDON, May 22- Copper hit a six week high on Wednesday as a production outage at the world's second-largest copper mine looked set to continue, though gains were capped as investors digested comments on monetary easing from the U.S.
LONDON, May 22- Gold was flat on Wednesday, giving up earlier gains after U.S. Spot gold had briefly broken above $1,400 to a one-week high of $1,414.25 an ounce after Bernanke said the Fed needed to see further signs the economy was gaining traction before removing current measures.
*Turkmenistan, EU tout routes to ease dependence on Russia. PARIS/ ASHGABAT, May 22- Turkmenistan plans to begin production at Galkynysh, the world's second-largest gas field, by June 30, which will allow it boost exports to Asia and help Europe lessen its dependence on Russian gas.
WUXI, China/ HONG KONG, May 22- Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.
DUBAI, May 22- A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving billions of dollars of crude for export while making electricity at less than half the cost.
CNBC's Michelle Caruso-Cabrera reports on a Chinese company that plans to manufacture products in the United States and then sell them to Chinese consumers. And, Thilo Hanemann, Rhodium Group, discusses how the Chinese are making more direct investments in the U.S.
*Several dealers doubt China will raise import duty. LONDON/ BEIJING, May 22- A slide in sugar prices driven by excess supplies may be given fresh impetus soon with China, one of the world's top importers, likely to cut back on purchases after a sharp jump in stocks. "If China were to continue to buy large tonnages of sugar, that would be a bullish signal.
*Fed Chairman Bernanke speaks to Congress at 1400 GMT. LONDON, May 22- Gold extended earlier gains on Wednesday as the dollar weakened after U.S. On Tuesday, New York Federal Reserve Bank President William Dudley and St.
Michael Spence, 2001 Nobel Laureate in Economics, explains the complexity of the economic relationship between the United States and China.
Chinese IVC's bought the vitamin for $63.4 million in 2010. IVC products are in Walmart, Walgreens and RiteAid, but the goal is much bigger: selling to the Chinese consumer.
LONDON, May 22- Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected.
SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.
*Coming Up: Fed Chairman Bernanke speaks at 1400 GMT. LONDON, May 22- Gold rose on Wednesday as the dollar fell after Federal Reserve officials allayed investor concerns that the U.S. central bank would soon reduce its bond-buying programme, while Chinese physical demand also lent some support to prices.
*Freeport death toll rises, mine remains shut. LONDON, May 22- Copper rose to its highest level in two weeks on Wednesday, as the dollar weakened and a production outage at world's second-largest copper mine in Indonesia after a tunnel collapse looked set to continue indefinitely.
*PBOC sets official midpoint at record high for 2nd day. SHANGHAI, May 22- China's yuan closed up against the dollar on Wednesday, slightly short of the record intra-day high struck on Tuesday, as the central bank lets the currency appreciate further. Before trade began, the People's Bank of China fixed the yuan's midpoint at another all-time high, 6.1904.