Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong due to strong pricing pressure, a company source said on Saturday.» Read More
Warren Buffett may be making big cuts in his PetroChina holdings, but another very well-known international investor is sticking with the big Chinese energy company. Mark Mobius says just because Buffett is selling, don't assume the stock is going lower. Indeed, Buffett may have something very different in mind.
After a brief pause in the morning session, Asian stocks regained momentum to extend their record run in the afternoon and close higher across the board. Markets in Hong Kong, Australia and South Korea all touched lifetime highs.
The PetroChina selling continues and continues to accelerate at Warren Buffett's Berkshire Hathaway. In a filing with the SEC made public just moments ago, Berkshire reveals that as of September 30 its controversial stake in the Chinese energy company had dropped to just 3.1%. That follows a flurry of selling in September that brought the holdings from from just under 10% when the month started.
Yang Huiyan is a 26-year-old real-estate developer and graduate of Ohio State University who also happens to be the richest person in China.
Asian markets closed broadly higher Wednesday, having been cheered by a rally on Wall Street the previous day after the Federal Open Market Committee's meeting minutes revealed a unanimous decision to cut US interest rates.
China's third-largest oil company, CNOOC, says it has opened the first gas station of a planned chain, entering a market dominated by its bigger Chinese rivals.
The Singapore dollar hit a 10-year high versus the U.S. dollar on Wednesday after the central bank surprised markets by tightening monetary policy slightly, and other Asian currencies firmed as share prices rose.
Another filing reveals that Warren Buffett's sales from his controversial PetroChina stake are accelerating. Is he going to get rid of all his holdings amid pressure from human rights activists?
Irked by the relentless ascent of their currency, euro zone finance ministers have decided to target China's yuan as the chief culprit in a quest for fair play on global exchange rates and trade.
U.S. investor Warren Buffett's Berkshire Hathaway has sold shares in top Asian oil and gas producer PetroChina for the sixth time since July, slashing its holding by nearly half overall to cash in on a lucrative holding.
U.S. Web giant Yahoo will subscribe for 10% of the shares to be sold by China's largest e-commerce company, Alibaba.com, according to a term sheet, in an initial public offering that is expected to raise roughly $1 billion.
Asian markets swung back into positive territory to close higher Tuesday with Australia setting a new record and South Korea finishing almost flat after an erratic session with stocks see-sawing.
The Shanghai Composite has shot up 305% in the past 4 years. On the eve of the Communist party meeting in China, how do you trade?
More U.S. railroads, less Chinese energy. That's the trend in just five words based on the latest filings from Warren Buffett's Berkshire Hathaway.
Asian markets finished mixed Monday, with South Korea closing at a new record high while China closed having reached record intra-day peaks. Trading volume was thin with Japanese markets closed for a one-day holiday.
SOHO China shares rose as much as 23% on their Monday debut after investors flocked to the Chinese developer's US$1.65 billion IPO despite Beijing's efforts to cool the property market.
Here's some food for thought -- has your marketing bill been on the rise of late? Is that loaf of bread or packet of pasta really that much more expensive and why so? Most important of all, do you know that you can make money from the rising cost of food? This week's A Fund Affair takes a look at a fund that invests in what you eat.
Asian stocks had a mixed end to the week as many investors stayed out of the market in the run-up to the U.S. jobs data due later Friday. Japanese, South Korean and Taiwanese stocks were weaker, but the Heng Seng enjoyed a late-session rally.
U.N. envoy Ibrahim Gambari met U.N. Secretary-General Ban Ki-moon on Thursday after a four-day visit to Myanmar in which he secured the junta's agreement to meet pro-democracy figure Aung San Suu Kyi.
More than half a million toys ranging from key chains to Winnie the Pooh bookmarks and Baby Einstein color blocks are being recalled because of excessive lead levels, the Consumer Product Safety Commission said Thursday.