No news is good news! Cramer shares the unspoken rules of the market as we approach year end, and what he's got his eye on.» Read More
French President Nicolas Sarkozy visits China next week, hoping to capture billions of dollars in energy and aviation deals while taking a tough stand on global currency turmoil.
After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.
Arcelor Mittal, the world's largest steel maker, has raised its stake in China Oriental Group to over 73 percent, becoming the first foreign firm to take control of a Chinese steel maker.
Dubai International Capital (DIC) plans to buy stakes in large Asian listed companies such as Singapore Telecommunications and DBS Group Holdings, a Singapore newspaper reported.
Oil prices spiked to a record high just shy of $100 a barrel lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.
Trading proved volatile in the afternoon Asia session Tuesday with markets see-sawing and in out of the black. Australia and South Korea ended lower, but a late turnaround pushed Japanese stocks out of the red with the Nikkei closing 1.1 percent higher.
Stocks a bit weaker this morning as Lowe's joins JC Penney, Kohl's, and Ann Taylor in lowering guidance...down 4% pre-open, and Goldman downgrades Citi to a sell, saying it may have to write off $15 billion in debt losses over the next two quarters. With all that has happened to Citi, traders griping this is a little late, down 4% pre-open.
Asian markets closed mostly lower Monday with investors selling stocks on U.S. economic concerns amid a lack of market-moving factors. Japan and South Korea both finished lower after initial gains during the morning session.
Automakers racing to find affordable ways to make cars environmentally friendly are zeroing in on polluted, fuel-scarce China to help them take clean car concepts from the laboratory to the market.
The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November
Asian markets closed sharply down Friday, amid renewed worries about the health of the U.S. economy and the effects of the credit crunch on the broader global economy. Japan, South Korea and Australia all declined.
China's surging food prices reflect international price rises and evolving domestic demand, senior agricultural officials said, denying risks of absolute shortages to feed a nation of over 1.3 billion.
Asian markets closed lower Thursday, with investors selling ahead of key U.S. October consumer inflation data due later today. Japan, South Korea and Australia all finished lower despite trading higher throughout most of the session.
The World Bank on Thursday lifted its economic growth estimate for East Asia this year by a full percentage point after an unexpected strong spurt in China's growth in the first half of 2007.
Asian markets rebounded after four straight sessions of losses, with some markets climbing nearly 5 percent as investors picked up financials and other battered stocks.
Yahoo has settled a lawsuit alleging it aided China's prosecution of several dissidents, in a case that prompted criticism of the company for cooperating with an authoritarian government.
The dollar’s steep decline has dented overseas demand for U.S. securities, but a dramatic exodus from dollar assets is unlikely, analysts say.
Visiting China is a lot easier than it used to be but there's still plenty for visitors to consider. Here's some tips on visas, vaccinations and other practical matters.
The 986,000 square meter terminal is a crucial addition to the overstrained airport ahead of the Beijing Olympics next August. The airport has a design capacity of 35 million passengers but last year handled 48.7 million.
Major companies such as Chicago-based Marriott International, the Intercontinental Group of Britain, Accor of France and Shangri-La of Hong Kong, have built networks and are expanding aggressively through the country.