Expedia has acquired online travel agency Travelocity for $280 million in cash, the companies said in a statement on Friday.» Read More
U.S. Treasury Secretary Henry Paulson told lawmakers that the U.S. is seeking benchmarks for actions to open China's economy to more U.S. goods and services.
African nations like Sierra Leone and Namibia might not seem like they would be the first place investors looked to put their money. But they are exactly where China has been investing heavily over the past couple of years. And that raised the question--why is the world’s most populous nation pouring money into the world’s poorest continent?
The Bush administration on Friday filed a complaint with the World Trade Organization, accusing China of improperly subsidizing its own firms. "Power Lunch" heard from two experts on international trade, who debated whether the filing was smart, hard-edged economic brinkmanship -- or a savvy political move to mollify Congressional Democrats and others who demand White House action on vanishing U.S. manufacturing jobs.
We’ve been telling you of the huge run-up in the Chinese stock market lately. It has had some froth let out in the past weeks, but the bubble still seems like it could burst for good any time now. Reporting for CNBC, Cheng Lei looked at the day-to-day trading environment in China.
Stocks in the U.S. for now, look ready to run at the opening bell, continuing yesterday's Fed triggered rally. Some fresh data, pending home sales, auto sales, and some big earnings, including oil companies, are the headlines investors will watch today. Chinese stocks stabilized overnight, and Japanese shares rose.
China is experiencing a bull market unlike anything seen since the dot-com glory days of the late 1990’s in the U.S. But there could be a big "uh-oh" moment coming. Analysts, journalists, regulators, even the ruling Communist party, are beginning to take notice that the recent run-up in the Chinese stock market...
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
China's economy grew 10.7% in 2006, the fastest rate since 1995, as investment and exports powered ahead despite a raft of government curbs to keep the pace of expansion in check.
Coca-Cola may be the best known and widely sold commercial brand in the world. So when the company CEO speaks--a lot of people listen. CNBC’s Maria Bartiromo conducted a rare interview with Coke CEO E. Neville Isdell at the World Economic Forum in Davos, Switzerland. Bartiromo asked Isdell a range of questions ranging from how he plans to combat rising soda prices to how he plans to further grow the company on a global level.
Stocks in the U.S. look set for a weaker opening, influenced by touchy tech stocks, earnings, and the big decline in oil. Dow components GE and Citigroup both reported earnings early today. GE's 12 percent increase was in line with expectations and Citigroup's lower profits were a bit better than Wall Street expected. Citigroup also raised its dividend by 10 percent.
A soft landing is still a landing – and CGM Realty Fund’s Kenneth Heebner is preparing to roll with it. He serves as portfolio manager at the fund, which has been warily watching the real estate market’s more moribund developments – such as the sudden glut in unsold condominiums in cities like New York, Boston and Washington, DC.
China drew a record $63.0 billion in foreign direct investment in 2006, up 5% from 2005, the official Xinhua news agency cited Commerce Minister Bo Xilai Monday.
Intel, the world's top chipmaker, plans to invest in a major new plant in China to make leading-edge chips, its biggest investment in the country to date, two sources with knowledge of the plan said.
United Airlines won tentative approval from the federal government to operate the first-ever nonstop daily flight between the U.S. and China--a route potentially worth $200 million a year.
Knowing All The Answers: I have a saying that's a tribute not so much to my ability as a wordsmith as it is my ability to dodge responsibility: The key is not knowing the answers, but knowing where they are. And boy, if I didn't, I would have lasted about two days in this job! That was especially important today in two cases...
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.
Google, the world's largest search engine, has bought a stake in China's Xunlei Network Technology, which provides file-sharing and other services, a Google spokesman said on Thursday.
Google will provide online search technology to China Mobile, Google said in an announcement, adding that the service will be launched broadly in early 2007.
It was never going to be an easy start to the European trading day after U.S. investors decided they didn't like the Fed minutes.
Today's ISM numbers show there are some stable signs for manufacturing in the U.S. But is this just a blip or can the sector keep getting strong in 2007? That question was posed to two guests on "Morning Call." Joel Naroff is chief economist at Commerce Bank. He thinks it won't. Anthony Chan is from JP Morgan Private Client Services. He thinks there are some good days ahead for manufacturing.