The increased use of the Chinese yuan in trade and investment settlement will pave the way for the currency to become fully convertible, although the process will be gradual, central bank governor Zhou Xiaochuan said on Friday, without offering any time frame.
The dollar looked set to post its first weekly loss in three weeks as investors increased bets on risky assets like equities on expectations the United States would take a long time to raise interest rates after weak economic data this week.
Ford Motor Company (F) announced today it is building its first transmission plant in China to support its growth plan there, in the world's largest auto market, the carmaker said in a statement.
The dollar looked set to post its first weekly loss in three weeks as investors increased bets on risky assets like equities on expectations the United States would take a long time to raise interest rates after posting weak economic data.
Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world's No. 1 social networking company looks for the best way to expand into that country.
Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world's No. 1 social networking company looks for the best way to expand into that country.
Pro-democracy activists will face an uphill fight to convince a U.S. court that Baidu Inc and China censored them over the Internet and should be punished.
Take a tour of the controversial $23 billion dam that China admits has 'urgent' problems.
Chief Executive Ben Verwaayen is preparing the next stage of telecom equipment maker Alcatel-Lucent's development armed with a refreshed product portfolio and a slimmer cost structure.
John Lipsky—Acting Managing Director, International Monetary Fund delivered the following speech at Annual Meeting of the Bretton Woods Committee on May 19, 2011.
The Japan National Tourist organization said Thursday that the number of foreigners visiting Japan has declined 62 percent in April, the largest decline on record.
LinkedIn’s IPO is priced at $45, which already gave it an incredible price-to-earnings ratio of 260. In the first day of trading, its shares more than doubled to $107 (at 11:53 a.m. ET), which takes the price-to-earnings ratio to more than 600.
After the resignation of Dominique Strauss Khan following an arrest for sexual assault, the next question is who will be the next person to lead the International Monetary Fund, responsible for reducing poverty and promoting stability and sustainable economic growth around the world?
HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.
Hawker Beechcraft and Group Lotus promotion begins this week at the European Business Aviation Convention and Exhibition and continues through June 30
Today's new Gold Demand Trends from the World Gold Council show interesting data about gold demand in China. China is now 10 years into opening up its gold market - half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.
In March 2010, we predicted that gold demand in China would double by 2020, however, we believe that this doubling may in fact be achieved sooner. Increasing prosperity in the world's most populous country coupled with their high affinity for gold will serve to drive demand in the long-term.
Japanese electronics manufacturer Toshiba Corp said on Thursday it will buy unlisted Swiss-based meter maker Landis+Gyr in a deal valued at $2.3 billion, including debt, in a bid to move into the promising overseas smart grid market.
After the resignation of besieged chief Dominique Strauss-Kahn, China on Thursday has insisted for emerging nations to be selected in the top leadership of the International Monetary Fund, Economic Times reported on Thursday.
Eight New York residents sued Baidu Inc and the Chinese government on Wednesday, accusing China's biggest search engine of conspiring with its rulers to censor pro-democracy speech.
Mountain View-based social networking site for professionals, LinkedIn has priced its IPO at the higher end $45 a share, making it the biggest US Internet IPO since Google went public and indicates the voracious investor appetite for social networking sites.
The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.