Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.» Read More
China Investment Corp, the country's $200 billion sovereign wealth fund, has signed a deal with J.C. Flowers & Co, to launch a $4 billion private equity fund to focus on investments in U.S. financial assets.
The U.S. economy has taken a sharp turn for the worse and is facing a tough quarter, U.S. Treasury Secretary Henry Paulson said on Thursday.
Despite enormous growth China's economy, the Shanghai composite index has plunged 45 percent from its high, with the first quarter of this year being the worst ever for the market.
China reaffirmed its commitment on Wednesday to regular high-level talks with the United States that visiting Treasury Secretary Henry Paulson hopes will help to pry open Chinese markets and speed the yuan's rise.
China's State Council, or cabinet, has called on financial regulators to promote stable and healthy development of the country's stock market, state-run media reported on Wednesday.
China's manufacturing sector roared ahead in March as output and new orders surged despite worries about the world economy, an official survey showed on Tuesday.
China's insurance regulator, in draft regulations soliciting public comment, is moving to curb fundraising by insurers, requiring that they seek regulatory approval first, state media said on Tuesday.
China's Ping An Insurance wants to raise its stake in Fortis to 7 percent, the Belgian-Dutch financial group's annual report showed on Monday.
Things you don't think about. China has been accused of dumping a lot of products on the U.S. at discounted prices, undercutting domestic producers. Apparently no product is too insignificant to start a trade war. Not even coat hangers. You could argue China is taking the U.S. hanger industry to the cleaners.
China's economy will avoid a post-Olympics recession, thanks to its vast size, rising consumer spending and big appetite for investment, one of the country's top economic advisers told a state newspaper.
Oil majors can't get ahead of production declines despite spending on unconventional sources, an energy sector investment banker says.
Industrial & Commercial Bank of China, the world's biggest bank by market value, posted a stronger-than-expected 65 percent jump in 2007 profit on Tuesday, helped by widening interest margins and fee income growth.
A mob wielding stones and knives killed a Chinese policeman in a Tibetan part of western China, state media said on Tuesday, in a sign that unrest continues despite a massive influx of police and troops.
Plus, Cramer makes the call on MDU Resources and Sigma Designs.
China Life Insurance, the country's biggest life insurer, said on Monday that it had invested $300 million in Visa initial public offering in its maiden overseas investment.
China will impose strict security on the Olympic Games torch relay through restive Tibet to Mount Everest, as the government seeks to prevent any protests upsetting the symbolic display of national unity.
Ma Ying-jeou rode to power in Taiwan promising to defuse simmering tensions with rival China and to expand trade ties with its giant communist neighbor.
Shoes fly and blows rain down, while a kung fu style kick sails across a room thick with jeers, jibes and coarse language. It's fight night on Taiwan television as parliament gets in session and crowds of fans are tuning in across the oceans.
Tibetans in China's mountainous southwestern province of Sichuan on Friday disputed the government's claim that nobody was killed in anti-Chinese riots there this week, saying they believed several died.
Stocks surge as gold sells off and oil settles. Get the news behind the headlinds as an historic week on Wall Street comes to an end.