While gifting used to play a big role in driving sales in China, everyday consumption of chocolate is now on the rise as well, says Philip Stanley, VP & GM, Greater China at Hershey's.» Read More
U.S. imports of Venezuelan oil fell 11.7 percent during the first four months of the year compared to the same period in 2007, the U.S. government said Monday.
The U.S. fireworks business stands to lose $25 million to $30 million this year because of orders tangled up by Chinese shipping restrictions.
China's National Aviation Fuel Holding , the country's near-monopoly jet fuel distributor, is set to charge domestic airlines about 15% more from July 1, an industry executive said on Monday.
The big spender who won this year's "Power Lunch with Warren Buffett" charity auction with a record high bid of $2,110,100 is Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund, according to a spokesperson for San Francisco's Glide Foundation. I spoke with Zhao by telephone late tonight. He told me his investment philosophy is very similar to Buffett's and he has "lots of questions" to ask him.
On Monday, I wrote about how the shoe money has dried up for this year's crop of NBA Draft picks. So much so, I'm hearing, that we might not see a single player ink a deal worth more than $2 million annually.
The current dip in gold prices is temporary and demand for the precious metal is likely to rise in the medium term, Ronald-Peter Stoferle, international equities analyst at Erste Bank, wrote in a market note Wednesday.
India and China saw bigger growth in the millionaire population last year than anywhere else, and wealth in the Asia-Pacific is expected to grow nearly 8 percent a year to 2012 despite a slowdown in the world at large, a survey showed.
Visitors to this summer’s Beijing Olympics will get an immediate lesson in the environmental cost of China's break-neck economic development: the world's worst air pollution.
Are surging food & energy prices making emerging markets too risky for investors?
Bunge will buy fellow agriculture company Corn Products International for $4.4 billion in stock, the companies said Monday.
It's all about energy, these days. This special report, "Powering The Planet", aims to inform and educate you about the global energy challenge. Now and over the coming months, you'll find useful guides on energy sources and investments, a resource center with related links on a host of subjects, as well as an exhaustive library of videos from CNBC. Users will also be able to access a special collection of podcast videos for downloading. And speaking of taking it with you, take our customized widget, please.
Washington has been talking tough on oil prices on several fronts, calling for new trading regulations on speculators and reopening offshore oil drilling. But it's successful jawboning two of our major allies that seems to have had the biggest impact on prices this week.
Oil prices dropped sharply Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption.
Just after the start of trading, today, it was announced that virtually all categories of transportation fuels would rise 1,000 to 1,500 Yuan per tonne. International measures of fuels are often represented in metric tonnes, as opposed to our more familiar gallons.
China Eastern Airlines and Shanghai Airlines will kick off regular direct flights to Taiwan on July 4, the carriers said in separate statements late Wednesday.
The soaring demand for oil and steel in the developing world, particularly in China, is a huge plus for the world's ocean-shipping industry, according to executives of shipping companies Genco and Teekay.
The price of corn is up 200% the last two years and if you compared a current chart of corn and oil they overlay almost perfectly. With unusual demand from ethanol production, are we to see an extended move up in corn ?
Also, the closest thing to a deepwater wildcatter, more praise for wind power and more.
French telecoms equipment maker Alcatel-Lucent said it had signed a $1 billion agreement with China Mobile to provide mobile communication equipment and services.
U.S. and Chinese companies signed 35 business deals in sectors ranging from automobiles to telecommunications on the eve of high-level trade and investment talks between the two countries.