CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Stocks and commodities both stabilized today. WTI was down slightly, nat gas took a big hit, and gold was up a bit on the day.» Read More
China would do best to let the yuan appreciate sooner in small steps rather than wait, central bank adviser Fan Gang said in comments published by an official magazine.
Shares in Bank of Communications soared 80% as they listed in Shanghai on Tuesday, after the bank's Shanghai initial public offering attracted a record $189 billion in subscriptions.
Komal Sri Kumar, chief global strategist for TCW, told CNBC’s “Closing Bell” that for U.S. investors, there’s no place like home.
China's main stock index climbed 0.80% to just below its record high on Monday as investors shrugged off an announcement by the securities regulator that it would crack down on insider trading and share manipulation.
China's annual consumer inflation slowed a touch in April to 3.0% from a more than two-year high of 3.3% in March, but analysts said the result would reinforce the case for further monetary tightening measures.
Millions of novice Chinese investors are jumping into a stock market that has soared to dizzying heights, with prices up nearly 50% this year.
In the interview, Mr. Paulson discusses the importance of an open economy in the U.S., the Dubai Ports, Sarbanes-Oxley, taxes, China and global capital markets, among other topics.
Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Squawk Box” that he expects the Federal Reserve to cut interest rate within the next month-and-a-half.
China's trade surplus rebounded in April after a surprising slump the month before, handing new ammunition to U.S. critics who say Beijing is keeping the yuan unfairly undervalued to help the country's exporters.
Disney reports that it continues to support the struggling Hong Kong Disneyland. Well, now we may know one reason why it's struggling. Just as every Disney movie going back to "Steamboat Willie" probably has been pirated in China, China now has a state-owned amusement park that recently included a mouse character, a woman with black hair surrounded by seven... elves... and pirate music. Not pirated music (well, maybe it was), but pirate music.
David King, portfolio manager at Putnam New Value Fund, told CNBC’s “Closing Bell” that he likes consumer, mortgage insurance and mortgage finance stocks. “We’re certainly not calling for a turnaround (in housing) but essentially it won’t be difficult enough to drag down the economy or decline greatly from these levels,” King said Thursday.
Martin Pyykkonen, senior executive director for Internet, media and communications at Global Crown Capital, told CNBC’s “Street Signs” that Google is betting that censorship in China eventually ends.
This week, Congress is hearing from labor interests and economists, urging different agendas for U.S. trade with China. What – if anything – should be done to ensure America’s competitiveness? John Taylor, a Hoover Institute fellow and former Treasury undersecretary for international affairs, and Jonathan Jacoby, associate director for international economic policy at the Center for American Progress, debated the issue on “Morning Call.”
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
China is on another U.S. shopping spree that appears to be as much about salesmanship as the country's rapidly growing purchasing power.
CITIC Resources Holdings said it would buy oil assets in Kazakhstan from its state-owned parent for $1 billion, making it China's fourth-largest energy firm.
China's yuan hit a post-revaluation high against the U.S. dollar on Tuesday after the central bank set its mid-point at a record level, but there was no clear indication that yuan appreciation would speed up in the near term, dealers said.
Chinese central bank chief Zhou Xiaochuan acknowledged on Sunday that a bubble in the country's stock market was a concern and said the central bank was monitoring asset prices along with inflation.
Robert Levitt, president and chief investment officer at Levitt Capital Management, told CNBC’s “Morning Call” that inflation, not a slowing economy, threatens to trip up the bull market.
The European Union said Tuesday that it has asked to participate in World Trade Organization talks over Chinese copyright and trademark policy initiated last month by the administration of U.S. President George W. Bush.