Robots will face off in a competition hosted by DARPA, a U.S. agency, but the government directly benefits only if a U.S. team wins.» Read More
China's economy grew at a blistering 11.1% annual pace in the first quarter on the back of booming investment and exports, fuelling speculation that interest rates would need to rise again soon.
China CITIC Bank raised US$5.4 billion by pricing its share sale at the top of an indicated range as investors crowded into the world's biggest initial public offering (IPO) this year, sources close to the deal said on Friday.
Investment strategists and economists have weighed in on China's uncanny 11% growth. How does the Bush Administration view the Asian powerhouse? Rob Portman, of the Office of Management and Budget, joined CNBC's Maria Bartiromo on "Closing Bell" to talk about the "good news."
Mike Malone, equity and trading analyst for Cowen and Co., told CNBC’s “Closing Bell” that he remains bullish despite downbeat economic news at home and in China.
How can investors play China's phenomenal 11% growth? Christopher Smart, who manages the Pioneer Emerging Markets Fund, and Guojia Zhang, portfolio manager for the Delaware Emerging Markets Fund, gave "Street Signs" viewers their favorite Chinese stocks.
Where are U.S. markets headed if China cools down inflation? Art Hogan, managing director at Jefferies, and Sam Stovall, chief investment strategist at Standard & Poor's, gave "Morning Call" viewers their answer: "We go higher."
Hey folks, time for the day's trivia questions. Here they are. The video question is worth $2,000 Bonus Bucks: According to this morning’s report, China’s first quarter GDP was up how much? The selection of answers are: 5.7% or 8.5% or 10.2% or 11.1%. The news trivia question is worth $1,000 Bonus Bucks: Merck reported that revenue climbed from the same quarter last year, boosted in part by sales of what cholesterol drug? The selection of answers are: Lipitor or Plavix or Zetia or Remicade.
The International Monetary Fund is "meddling" in China's affairs by saying the country needs a more flexible exchange rate policy, a state newspaper said in an editorial on Tuesday.
China's sizzling economy surged 11.1% in the first quarter, causing the country's Cabinet to declare it will take steps to keep the economy from overheating. The pledge by the State Council came after the government announced that inflation rose to its highest level in more than two years.
First, Americans started spending more on their pets than their kids. Now we just don't want to be around the children at all! A survey by ModernMom.com found that if moms were given an extra hour of free time every day (which would actually be the only hour of free time they'd have), 36% would use it sleeping, 19% would like to get a manicure or massage, and only 6% would spend that extra hour with the kids.
China's rapid growth is a double-edged sword and today it is cutting into world equities markets. Asian and European markets were lower and U.S. stocks are pointing at a weaker opening, with the Dow, fresh off a new high, looking particularly wobbly. Earnings news is also setting the tone.
China's gross domestic product in the first quarter grew 11.1 percent from a year earlier, compared with a 10.4 percent annual rise in the fourth quarter of 2006, the National Bureau of Statistics said on Thursday.
Overregulation is driving businesses out of the U.S. and into Europe, Asia and Bermuda, Hank Greenberg told CNBC’s Sue Herrera on “Power Lunch.”“It applies also to why IPOs are going to London or Hong Kong and why private equity is growing as rapidly as it is, because public companies are overregulated,” said the CEO of investment firm C.V. Starr and former chairman and CEO of American International Group. Federal and state lawmakers are partly to blame, he added.
The International Monetary Fund (IMF) is "meddling" in China's affairs by saying the country needs a more flexible exchange rate policy, a state newspaper said in an editorial on Tuesday.
China's Everbright Bank is poised to buy a 35% stake in the Shanghai-based fund management joint venture of U.S. insurer Prudential Financial, two sources close to the situation said on Monday.
A couple of weeks back, 'A Fund Affair' talked about investing in Chinese stocks. In particular, the different options open to investors who are thinking of putting money into Chinese markets. Today, we explore another investment avenue: “H” shares – Chinese companies that are listed and traded on the Hang Seng China Enterprises Index.
Isaac Green, chief executive officer of Piedmont Advisors, told CNBC’s “Morning Call” that he believes Nike can grow at about 14% in the future.He called Nike a “maturing growth stock” and said the company had used its strong cash flow to buy other brands such as Converse, which is growing at more than 20% in the U.S. Market. He said the Beijing Olympics will increase Nike’s sales in Asia.
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.