CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar put downward pressure on oil, and nat gas was down even with the winter temperatures dropping.» Read More
Texas oilman Boone Pickens is less certain about cutting a deal with China to distribute liquefied natural gas, CNBC’s Becky Quick reports from Beijing. Pickens, chief executive officer of BP Capital, said better deals may be available in the U.S.
Here in Beijing, you can see the change happening everywhere you go. Construction sites are a dime a dozen. Roads are being repaved in the wee hours of the night. Cranes lurch over the skyline. Still, some things here never change--including the way businesses interact with the media.
China's product safety watchdog said Friday it had revoked the business licenses of several firms that had exported products, tainted with diethylene glycol and melamine, at the heart of a food safety scare.
China's annual economic growth surged to 11.9% in the second quarter, easily beating market forecasts, as strong investment and a record trade surplus buoyed the world's fastest-growing major economy.
President Bush established a high-level government panel to recommend steps to guarantee the safety of food and other products shipped into the United States and to improve U.S. policing of those imports. The White House denied the effort was aimed primarily at China.
Philippine authorities tested more Chinese products Wednesday after ordering several candy and cookie brands found to be tainted with an embalming chemical to be withdrawn from stores, the country's food safety watchdog said.
Energy investor and financier Boone Pickens says natural gas is the biggest opportunity for his businesses in China now.
Speculation is swirling that data on Thursday could show a spike in June inflation that would increase the chances of a fresh round of policy tightening, according to economists and market participants.
The anticipation gets pretty heady when you've got 13 hours on a plane, with little more than a book, a bad movie and a magazine to keep you busy. I am in Beijing, China. I left Washington Dulles airport at 10:15 pm and landed in Beijing at 2:00 in the afternoon the next day. I'm here reporting a number of stories on what businesses are doing to prepare for the olympics (they are just about one year away), how this country is seeing unprecedented economic growth and how companies are harnessing that boom to help their own bottom lines.
I have been reading Runner’s World for the last 10 years or so and I have never stopped at an ad like I did when I saw this Pearl Izumi ad in their August issue. What made me stop? I thought it was so outrageous. So over the top. I read the thing four or five times and wasn’t quite sure what the point was. Was I more likely to buy Pearl Izumis from reading the ad? Were these Pearl Izumis going to help me find dead bodies? Would they give me a free pair if I found one?
China Coal Energy said it would issue up to 1.525 billion class-A shares in a public offering of shares in Shanghai, raising funds to develop major coal related projects in China.
China's trade surplus hit a record $26.91 billion in June from $22.5 billion in May, an increase likely to intensify calls for Beijing to let the yuan climb more quickly.
China's yuan rebounded against the U.S. dollar on Tuesday after retreating for four straight trading sessions, guided by the central bank setting a record-high mid-point.
Zinc and lead look golden, according to two "Morning Call" guests. Bill Mann, senior analyst at The Motley Fool, and Lou Grasso, metals trader at Millenium Futures, told CNBC's Liz Claman why base metals have a bright future -- and how investors can play it.
Boom! Monday morning and the Chinese markets notch up 3% intra-session. Oil hangs on to $75 a barrel, the dollar is firm and European bourses are fired up to make early gains. If the de-risking trade is on-going into what traditionally should be a Summer slowdown then it is proving tricky finding the evidence.
China has scrapped a set of rules that provided incentives for exporters to bring home as much foreign currency as they could, signifying another step in its efforts to ease capital inflows.
China could play fairer in its trade relations with the United States, Secretary of State Condolezza Rice told CNBC's Maria Bartiromo Friday. "On balance, a strong, growing Chinese economy is good for the international community, but China needs to play by the rules," she said.
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The U.S. imports approximately 15% of its food -- and China is its third largest supplier. This week, China admitted it needs to raise food safety standards to international levels, amid the recent controversy of tainted Chinese foods. Chris Waldrop, director of the food and policy institute at the Consumer Federation of America, and Michael Doyle, director of the center for food safety at the University of Georgia, discussed the situation on “Power Lunch.”
Shares of Blackberry maker Research in Motion hit a new all-time high Thursday after the Canadian company said it obtained clearance to sell its smartphones in China.