BEIJING-- China's economic growth tumbled to the lowest in more than three years in the latest quarter but retail sales and other activity accelerated in a sign a recovery from the painful downturn is taking shape.
BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and enabled investors to overlook slower growth in China. The U.S. Commerce Department said builders started construction on new single-family houses and apartments at the fastest pace in more than four years.
David Mann, Regional Head of Research, Americas, Standard Chartered Bank says Japan has more to lose from worsening ties with China. He adds Japan could face restrictions on its trade relations with China.
Robin Bew, Chief Economist, The Economist Intelligence Unit shares his observations on China's economy. He adds that heightened tensions between China and Japan will weigh on corporates in both countries.
Alexander will receive the "Order of the Rising Sun, Gold and Silver Star" Wednesday evening from Motohiko Kato, the consul general of Japan in Nashville. While Alexander was Tennessee governor and economic competition between the U.S. and Japan was tense in the early 1980 s, he led numerous trade missions to Japan.
NEW YORK-- McDonald's Corp. reports its third-quarter results Friday, which should give a glimpse of how the world's biggest hamburger chain is coping with intensifying competition and the challenging global economy. WHAT TO WATCH FOR: After outperforming its rivals for years, some analyst think McDonald's may be entering a period of slower growth.
BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.
The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.
However, rising speculation that Spain will soon ask for help to keep its borrowing costs down continues to shore up European markets, particularly in Madrid. The surprise decision late Tuesday by Moody's to maintain its credit rating on Spain has also helped shore up sentiment.
BANGKOK-- Asian stock markets rose Wednesday on better-than-expected earnings from U.S. corporate giants and growing speculation that Spain is finally ready to ask for financial aid.
YOKOSUKA, Japan-- Electronically managed steering that completely bypasses the mechanical link of a clutch is among the new safety technology from Japanese automaker Nissan. Other vehicles are smart enough to park themselves.
Tadashi Yanai, Chairman & CEO of Fast Retailing, talks to CNBC's Kaori Enjoji about the firm's strategy for expansion in China and potential plans to open stores in India.
Japan closed in on China as the largest holder of US government debt during August as foreign demand for Treasury securities remained robust. The FT reports.
THE DEAL: In Softbank Corp. President Masayoshi Son's latest mega-deal, the Japanese company is taking 70 percent stake in Sprint Nextel Corp. for $20 billion. THE DEAL-MAKER: The biggest foreign acquisition in the history of Japan Inc. underlines Son's unusual status in a corporate culture that has long favored stability over risk-taking.
PARIS-- The pace at which countries like Greece and Spain cut their deficits with austerity measures must depend on their economic conditions, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
The Treasury Department says total foreign holdings rose to a record $5.43 trillion in August. And Japan increased its holdings 0.5 percent to $1.12 billion. Japan now trails China's holdings by just $32.1 billion.
RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.
NEW DELHI-- Delegates from nearly 200 countries were working Tuesday to implement an agreement on protecting Earth's ecosystems at a biodiversity conference in southern India.
The Chinese ships were sighted about 49 kilometers from the island of Yonaguni, in Japan's Okinawa prefecture, according to Japan's Defense Ministry. They were about 200 kilometers from a chain of small islands that have sparked a heated dispute between Japan and China. Defense Minister Satoshi Morimoto said Japan is monitoring the ships' movement.
DETROIT-- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.