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Stocks look set to move higher at the opening, with the Dow catching some strength from Citigroup's restructuring moves and Alcoa's better-than-expected earnings report. European stocks are riding higher for a sixth day, and Tokyo was flat but other Asian markets were higher overnight.
Global fashion chain Hennes & Mauritz sees room to boost its efficiency and is likely to maintain the gross profit margin achieved in its last quarter, its chief executive said on Wednesday.
France's Danone has sent notice to begin litigation against the founder of Wahaha, its partner in China, for what it called a breach of contract, Danone's Asia Pacific President Emmanuel Faber said on Wednesday.
China’s trade surplus with the U.S. almost doubled in the first quarter and the Chinese hold an estimated $7 billion of our currency. In fact, the U.S. has less control over its economic destiny today than it’s had since WWII. To try and explain the implications of this sea change, Joe Lavorgna, chief economist at Deutsche Bank, joins the guys on set.
Stocks are searching for direction after a 7-session winning streak for the Dow 30. European stocks are moving higher after yesterday's holiday there, and Asian stocks were mixed overnight.
China's trade surplus plunged to $6.87 billion in March, confounding expectations it would be close to February's near-record $23.8 billion, but analysts said special factors were responsible and the underlying trend had not changed.
China will not participate in discussions on the global economy at a meeting of Group of Seven (G7) nations this weekend despite being invited to do so, a German finance ministry official said on Tuesday.
Sweden's Volvo AB is targeting 30% growth in truck sales in China in 2007, a senior company executive said on Tuesday.
New U.S. litigation against China--meant to boost protection of intellectual property rights--is not expected to increase trade tensions between the two countries, a U.S. trade official told Melissa Francis on “Closing Bell.”
U.S. trade officials have warned China for more than a year they could take action at the WTO because of piracy concerns.
The yuan was lower against the U.S. dollar at midday on Monday, under pressure from the U.S. currency's strength on global markets after robust U.S. jobs data reinforced the view the Federal Reserve would not cut interest rates in the near term.
The Food and Drug Administration doesn’t have the staff to inspect all food imported to the U.S., raising basic health concerns and forcing consumers to take producers' word that it’s safe, a food expert said.
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
China's top lender, Industrial and Commercial Bank of China, posted a 31% jump in 2006 profit on Tuesday, lagging market expectations but topping its own forecast on improving loan quality and sharp growth in fee income.
Robert Greifeld, president and chief executive officer of Nasdaq, told CNBC’s “Squawk on the Street” that 40 Chinese companies with a total market cap of about $30 billion have listed on the exchange to date.
PepsiCo, the world's No. 2 soft drink company, plans to double its workforce in China over the next half decade as it fights for a larger slice of the growing market, Chief Executive Indra Nooyi said on Tuesday.
A Chinese company targeted by Washington with duties on "unfair" state subsidies said on Monday it would fight the move, which state media and officials said would exacerbate frictions caused by a huge U.S. trade deficit.
HSBC Holdings plans to nearly double its number of outlets in China this year as it develops its yuan retail banking business.
The action reverses 23 years of U.S. trade policy by treating China, which is classified as a nonmarket economy, in the same way that other U.S. trading partners are treated in disputes involving government subsidies.
On Friday, the U.S. Commerce Department announced it would impose import duties on shipments of Chinese coated paper. The move reverses a 23-year policy of not enacting tariffs on goods from nations deemed to have non-market economies. Perhaps more significantly, the decision signifies China's evolution into a developed global powerhouse -- one which is now expected to "follow the same rules" as the U.S., according to Commerce Secretary Carlos Gutierrez.