The Chinese yuan rose 0.1 percent against dollar on Friday as markets speculated that Chinese monetary policy would tighten in view of the rising inflation and the prospect of social unrest.
ECB policymaker Axel Weber warned global central bankers on Friday that economic imbalances could worsen faster than first expected to pre-crisis levels and urged the G20 to push ahead with tackling them.
China is ramping up its military spending at a time its financial firepower is increasingly in focus after it unseated Japan as the second biggest economy in the world.
China Mobile Ltd, the world's largest mobile carrier by subscribers, said on Friday that Apple Inc Chief Executive Steve Jobs has expressed interest in developing an iPhone based on the Chinese carrier's network standard.
China Vanke, the country's biggest developer by sales, said on Thursday property sales rose 141.8 percent in February from a year ago to 6.1 billion yuan ($928.7 million).
Even though 130 of China’s current 175 existing airports lost money last year, they will be going ahead with plans over the next five years to add 45 more airports, according to Yahoo! News. The new airports will be expected to meet the rising tourism boom in the country of over 1.3 billion people.
The operator of northern China's Tianjin Port was in talks with China National Offshore Oil Corp (CNOOC) to build a liquefied natural gas (LNG) receiving terminal at its port, the China Daily reported on Friday.
Yujiapu does not roll off the tongue like Wall Street, but planners in the northern Chinese port city of Tianjin hope it soon will.
China's insurance regulator is considering raising the proportion of assets that insurers may invest in unsecured bonds to 30 percent from the current 20 percent, IFR reported on Thursday, citing sources.
Chinese banks extended less than 600 billion yuan ($91.31 billion) in new loans in February, the China Securities Journal reported on Friday quoting industry sources.
The loose monetary policy in the United States is little better than a narcotic and will harm the rest of the world more than it helps Americans, a former Chinese vice commerce minister told Reuters.
Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
The United States and other major economies can tap strategic oil reserves if need be to keep soaring oil prices from derailing a global recovery, Treasury Secretary Timothy Geithner said Thursday.
U.S. stocks rallied on Thursday as stronger than expected initial jobless claims data and an easing of oil prices after reports of a possible peace deal in Libya buoyed sentiment.
Growth in the service sectors in the United States and Europe hit its highest in five years in February, suggesting economic growth is accelerating though inflationary pressures are building.
The following are highlights from testimony by Treasury Secretary Timothy Geithner on Thursday before the Senate Foreign Relations Committee on turbulence in the global economy and implications for the United States.
Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.
A new World Bank strategy for Africa unveiled on Wednesday focuses on creating jobs and making economies more competitive, while also tackling problems of climate change, disease, food shortages and conflict.
Libyan leader Muammar Gaddafi has reportedly accepted an offer of mediation from Venezuelan President Hugo Chavez while an opposition group has rejected it, according to a report.
RBC Capital Markets estimates that tablets may ultimately cannibalize around 15 percent of the total PC market through 2014, which while material, doesn't deter the PC markets from seeing sustained growth over the next 5-years.
Japan is set to launch at the weekend its next-generation high-speed train, featuring sleek green and silver cars with pink stripes and named for the peregrine falcon.
If Yahoo decides to divest its Japanese assets, then it might look to monetize its assets in china as well, where it owns about 40 percent of the Internet company Alibaba Group.
