CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended the day down a bit, but the losses weren't as big as traders expected.» Read More
Major companies such as Chicago-based Marriott International, the Intercontinental Group of Britain, Accor of France and Shangri-La of Hong Kong, have built networks and are expanding aggressively through the country.
The Olympic games in Beijing are a prime opportunity for US carriers to prove their worth and thus gain greater access to a key growth market.
Athletes and companies alike are looking forward to the opportunity to shine under the spotlight in what will be a special event in the history of the Olympic games.
Top Western hotel brands are already well established in Beijing and Shanghai – as well as smaller cities – and are boosting their presence, looking to capitalize on the games, which are expected to draw an estimated 2 million visitors.
Asian markets closed mixed Tuesday, with Japan ending weaker for an eight consecutive session. But South Korea and Australia managed to eke out gains after weaving in and out of negative territory throughout the day.
Asian markets closed sharply down Monday, with investors dumping stocks and seeking safer bets after more evidence that U.S. subprime-mortgage related woes continue to feed into the global banking sector and economy. Japan and South Korea closed sharply lower, with today's losses wiping out all of the Nikkei's gains for 2007.
Asian markets closed mixed, with stocks under pressure as the U.S. dollar slumped to a record low against the euro in the afternoon session Friday. Japan shed over 1 percent but South Korea and Australia both finished higher.
U.S. Treasury Secretary Henry Paulson said on Thursday that China should pick up speed in making the reforms necessary to allow the yuan to float, warning China about rising trade protectionist sentiment.
Asian markets closed deep in the red Thursday as investors dumped financial shares on credit fears. Japan finished 2 percent lower and South Korea shed 3.1 percent.
Several factors weighing on futures prior to the open: 1) GM posting its biggest quarterly loss ever; $39 billion amounts to $68.85 a share loss, a mind-boggling number considering the stock is $36. Down 5% pre-open. Declining to provide guidance is the key here. However, this news came out last night and is not the primary reason the market is down.
Yahoo's chief executive was verbally lashed by U.S. lawmakers on Tuesday over the Internet company's role in helping identify a Chinese dissident who was later imprisoned by the government.
Asian Markets closed mixed, with Japan ending weaker after spending most the session in positive territory. South Korea and Australia though finished stronger with Seoul gaining almost 2 percent.
HSBC Holdings was one of the first and most exposed banks to the U.S. housing crisis, but the recent bigger problems of leading rivals mean its shares have outperformed to make it the West's biggest bank.
Asian stocks closed sharply lower Monday, pulled down by the financial sector, with fears that the credit crisis is still in full swing returning.
Danish political scientist and popular author Bjorn Lomborg is all for doing something about climate change but he is skeptical about some of the efforts, which is why he wants to bring the debate back down to earth.
In a web-only video clip, CNBC's Becky Quick tells Managing Editor Tyler Mathisen what she learned during her whirlwind tour of Asia last week with Warren Buffett, including one of his daily habits that helps make him a great investor.
Markets in Asia closed weaker Friday, with financial stocks declining around the region on credit concerns after brokerages downgraded U.S. banking giants Citigroup and Bank of America.
Fast-rising oil, steel and coal prices are adding to inflationary pressure in China, the country's top economic planning agency said on Friday.
Asian markets retreated in late afternoon trading, closing mixed after rallying earlier in the session following the Federal Reserve's interest rate cut.