Jim Chanos warned of risks to China's economy just as Alibaba held its record IPO.» Read More
CNBC’s auto-market blogger Phil LeBeau told “Squawk Box” that the hottest development may come from Shanghai; and GM and Nissan alliance talks stoked merger mania.
China's central bank Friday said it planned to loosen rules governing foreign exchange transactions by individuals, as part of its efdforts to help offset huge inflows which have caused its foreign exchange reserves to swell.
Most businesses are salivating over the opportunities for growth and profit in China. Even Google backtracked on its “Don’t be evil” motto by allowing some censorship in its internet search results in China to make sure the company got a foothold there. The five top-performing funds rated by Morningstar were all China-focused – and all had total returns of at least 68%. Jim Oberweis – who runs one of those funds...
John Edwards officially announced his candidacy today for the presidential nomination of the Democratic party in 2008. He was in New Orleans this morning when he spoke with CNBC’s John Harwood and Michelle Caruso-Cabrera on “Morning Call.” Edwards talked about some of the key platforms for his campaign.
Shares of computer and server maker Dell took a slight dip after an analyst suggested the Chinese government put the kibosh on a rumored agreement for Dell to buy Beijing-based Founder Electronics' PC division.
Roughly $110 billion flowed to the more than 9,200 hedge funds in 2006, according Chicago-based firm Hedge Fund Research. Senior managing director of Channel Capital Group George Lucaci was on “Closing Bell,” explaining which funds made the most money this year. He also highlighted what to look for in 2007.
EBay announced today that Chinese internet firm Tom Online will take over its auction Web site in China. Some analysts are viewing that as a failure on eBay’s part to successfully penetrate the market there. EBay’s foray into the online retail space with eBay Express hasn’t panned out either. Sales on that companion site during this holiday season – and overall, for that matter –have been lagging expectations. Does eBay have any growth left in it?
Melco PBL Entertainment started trading on the Nasdaq today. The gambling company--based in Hong Kong--has generated $1.14 billion dollars so far, and it priced at $19, above its opening range. Co-Chairmen Lawrence Ho and James Packer said on “Squawk on the Street” that with only six operating licenses available in the Chinese territory of Macau...
Despite global inequalities and current-account deficits, the global economy did better than expected this year. World gross domestic product may come in at 5% for 2006. Not bad considering the 45-year average is 3.7%. Morgan Stanley Chief Global Economist Stephen Roach was on “Closing Bell,” and he says the same growth isn’t guaranteed next year.
China is buying 4 nuclear reactors from Westinghouse (acquired this year by Japan's Toshiba). Sounds like a big win for American technology. But critics are concerned that the U.S. is selling off its competitive and technical edge. On today’s “Power Lunch” Bill Griffeth asked “When it comes to American ingenuity – are we giving away the store?”
U.S.-based Westinghouse Electric has won a two-year battle for a multibillion-dollar nuclear power deal with China, edging out French and Russian rivals.
The former Reagan Administration economic adviser and president of China’s Mundell International University of Entrepreneurship speaks with CNBC’s Tyler Mathiesen about the rise of Chinese capitalism.
After an eight-year ban on direct sales, China is allowing beauty-products maker Avon to return to its trademark door-to-door selling. Fred Alger economist Zachary Karabell says 300,000 Avon ladies – and men – are making their way back to Asia to bring Shine Supreme lip color and Daring Curves mascara to the masses.
With Fed Chairman Ben Bernanke pushing China for currency and economic reform – investors could see a stronger yuan influencing their portfolios. On today’s "Morning Call," Sue Herera looked at the investment opportunities with Robert Hormats, the Vice Chairman of Goldman Sachs International who sees opportunities in retail.
U.S. Treasury Secretary Henry Paulson said Friday that China has pledged greater exchange rate flexibility but gave no timetable as the two sides wrapped up high-level talks aimed at strengthening shaky relations.
As we've told you--CNBC's Carl Quintanilla was part of the crew covering the just ended American-Chinese economic talks in Beijing. His reports appeared on "Squawk Box" (see our earlier post today). Here are his personal and behind the scene comments on the trip. If you're a fan of big cities, you're a fan of Beijing...
U.S. Treasury Secretary Henry Paulson met with Chinese President Hu Jintao in Beijing today, on the second and last day of what has been billed as a long-range "strategic economic dialogue" between the two powerful nations. CNBC’s Carl Quintanilla is traveling along with the U.S. delegation.....
Our quote of the day comes from shipping magnate Aristotle Onasis: "The secret of business is to know something that nobody else knows." We're letting you know what's going on in China--with the American and Chinese economic talks. CNBC's Carl Quintanilla is on the scene with the latest today.....
China must accelerate the pace of economic reforms, U.S. Treasury Secretary Henry Paulson said after the first day of talks between the two nations in Beijing, but his Chinese counterpart warned change will take time.
As we've said (with CNBC's Carl Quintanilla's on-the-scene reports), U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are in China this week. They're addressing issues the Bush administration - and Democrats for that matter – have with China's monetary and trade policies. To some here in the states, that’s the problem...