Michael Pettis, finance professor at Peking University, says the reforms China needs to implement to rebalance its economy will cause it to "slow significantly".» Read More
Mattel Chief Executive Robert Eckert apologized Wednesday for three huge recalls this summer of lead-paint tainted toys made in China and said the company supports strengthening the U.S. government's consumer safety agency.
Warren Buffett's Berkshire Hathaway has sold some more of its stake in PetroChina. The question is: Is Buffett selling for the profits or to make a statement against China's human-rights record in Darfur?
Asian markets finished mixed Wednesday with Tokyo stocks closing lower on news that Prime Minister Shinzo Abe had resigned.
China's retail sales growth surged in August to its quickest pace in more than three years, beating forecasts, but analysts said the jump largely reflected stronger inflation, not necessarily quicker underlying growth.
An agreement unveiled during the second joint U.S.-China summit on consumer product safety came in the wake of the recalls of millions of playthings decorated with paint containing the toxic metal.
Asian markets found their footing and reversed losses to close mostly higher Tuesday, but China suffered heavy losses. Energy stocks rose after a surge in oil prices. Japan and South Korea closed stronger after spending most of the morning in negative territory.
China posted a trade surplus of $24.97 billion for August, up from $18.8 billion a year earlier, the customs administration said on Tuesday.
China's consumer price inflation jumped to 6.5% in August, the highest level since December 1996, as a shortage of pork contributed to a surge in food prices. The inflation rate, up from 5.6% in July, easily surpassed economists' forecasts of 5.9% and cemented expectations that the central bank will keep tightening monetary policy.
I admit I'm a sucker for toilet humor. Sure, I'm a professional, mature working mother who goes to church and pays her taxes. All very Harriet Nelson-esque. But tell me a fart joke, and I laugh so hard I cry. Maybe it's because I grew up with three brothers who used to hold various disgusting contests. I won't go into details. Use your imagination.
Merger Monday sure isn’t what it used to be, with just a small deal from Humana on the boards today. However, look a little farther and you can still see deals, but the players are changing. That's the point in a very interesting note this morning from Joseph Quinlan at Bank of America. Quinlan's point: "The traditional rainmakers - corporate giants from the United States...
If you breezed through a list of the world's oldest professions, somewhere in the top five ( but behind 'that' one) you'll undoubtedly come across 'rug making.' From flying carpets to going out of business sales, the rug making industry is steeped in old world tradition. So what could possibly be new?
Here are my thoughts this Monday morning: 1) The problem for the markets is simple. Stocks have held up fairly well because of the belief that this is a liquidity problem and the economic fundamentals (absent housing) have slowed but held up reasonably well. Friday’s data has made that argument less clear.
Blackstone Group has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.
Asian markets pared morning losses, but still closed broadly lower in the afternoon session Monday, with exporters hit hard on concerns the U.S. economy may be heading into a recession. Japan and South Korea both closed over 2% lower.
The Chinese yuan rose sharply against the U.S. dollar on Monday after the Chinese central bank set a higher reference rate for the Chinese currency following Friday's poor U.S. jobs data.
China's August producer price index rose 2.6% from year ago, halting 3-month slowdown. The latest growth may indicate pipeline inflationary pressures building in comparison to those already seen in consumer prices.
Bank of China wants only rich and experienced mainland residents to invest directly in Hong Kong, the bank's chairman said in an interview published on Monday.
Like George Steinbrenner stocking his New York Yankees with All-stars, Cerberus Capital is loading Chrysler with big-time execs. The latest addition is Phil Murtaugh, who will run Chrysler's operation and expansion in China and India. In the last ten years, Murtaugh has carved out a reputation as the American who knows China and how to grow auto sales in that country.
Stocks resumed their climb for the week as retail sales and economic data topped expectations. But a crucial jobs report looms Friday. Are you ready for it?
It was a mixed end to the Asian trading week. Japan's Nikkei 225 Index closed lower as investors took profit from the previous session's gains. But traders mainly took a wait-and-see approach ahead of a key U.S. jobs report due Friday.