Norman Chan, Investment Director at NAB Private Wealth Advisory, says traditional financial firms like Ping An Insurance will need to up their game in order to compete with rapidly-growing internet rivals like Alibaba.» Read More
United Parcel Service saw its shares fall sharply after the world's largest shipping carrier cut profit guidance, indicating more troubles for the US economy.
I am here in San Francisco, the only U.S. Olympic torch stop, wondering, is this one of the last times we will see the flame until Beijing? Will the International Olympic Committee buckle to one of the most disruptive protests in the history of the Olympic Games by canceling the worldwide torch relay?
Niche companies, such as alternative energy or unconventional products, are becoming more attractive as stock markets volatility continues, Alexis Dawance, fund manager at Global-Cap, told CNBC Europe.
United Parcel Service, the world's largest shipping carrier, cut its first-quarter profit guidance Tuesday, and its shares fell in late trading.
A measure of Chinese businesses' confidence regarding economic conditions edged up in the first quarter, reflecting guarded optimism about the world's fourth largest economy despite inflation and policy tightening concerns.
.Three big financial stocks are the top volume movers this morning--Washington Mutual, UBS, and Citigroup. Washington Mutual up 16 percent pre-open on a Journal story that private equity firm TPG and others may invest $5 b in the company, which would provide it with much-needed capital.
Shares in Sinopec slid 5 percent on Monday after Asia's top oil refiner posted a sharper-than-forecast dive in quarterly earnings, while analysts expect lofty crude prices to keep eroding margins.
The body that manages the bulk of China's $1.65 trillion in foreign exchange reserves has bought a $2.8 billion stake in France's Total, the Financial Times newspaper reported on Friday.
China Investment Corp, the country's $200 billion sovereign wealth fund, has signed a deal with J.C. Flowers & Co, to launch a $4 billion private equity fund to focus on investments in U.S. financial assets.
The U.S. economy has taken a sharp turn for the worse and is facing a tough quarter, U.S. Treasury Secretary Henry Paulson said on Thursday.
Despite enormous growth China's economy, the Shanghai composite index has plunged 45 percent from its high, with the first quarter of this year being the worst ever for the market.
China reaffirmed its commitment on Wednesday to regular high-level talks with the United States that visiting Treasury Secretary Henry Paulson hopes will help to pry open Chinese markets and speed the yuan's rise.
China's State Council, or cabinet, has called on financial regulators to promote stable and healthy development of the country's stock market, state-run media reported on Wednesday.
China's manufacturing sector roared ahead in March as output and new orders surged despite worries about the world economy, an official survey showed on Tuesday.
China's insurance regulator, in draft regulations soliciting public comment, is moving to curb fundraising by insurers, requiring that they seek regulatory approval first, state media said on Tuesday.
China's Ping An Insurance wants to raise its stake in Fortis to 7 percent, the Belgian-Dutch financial group's annual report showed on Monday.
Things you don't think about. China has been accused of dumping a lot of products on the U.S. at discounted prices, undercutting domestic producers. Apparently no product is too insignificant to start a trade war. Not even coat hangers. You could argue China is taking the U.S. hanger industry to the cleaners.
China's economy will avoid a post-Olympics recession, thanks to its vast size, rising consumer spending and big appetite for investment, one of the country's top economic advisers told a state newspaper.
Oil majors can't get ahead of production declines despite spending on unconventional sources, an energy sector investment banker says.
Industrial & Commercial Bank of China, the world's biggest bank by market value, posted a stronger-than-expected 65 percent jump in 2007 profit on Tuesday, helped by widening interest margins and fee income growth.