Western investment banks are keen to underwrite more IPOs on China's Shenzhen exchange this year as a surging economy turns the once insignificant market into a fundraising hotbed.
A former Chinese central bank adviser and influential economist on Thursday called on East Asian economies to form a stronger alliance to deal with issues such as the United States' weak fiscal position.
China will add more than 45 airports over the next five years, bringing the total to more than 220, the country's aviation regulator said on Thursday.
Hong Kong stocks are expected to open lower on Thursday, pressured by a surge in oil prices on fears turmoil in Libya could spread to other oil exporters in the region, and declines in global markets.
There is now more evidence that speculators are pushing up the prices of food commodities.
In urban China, poor people (and there are many of them) still have tough, despite the country’s stellar headline economic growth.
Merger and acquisitions activity in the global mining sector is expected to accelerate in 2011, fueled by strong commodity prices and repaired balance sheets, advisory and accountancy firm Ernst & Young said on Wednesday.
Inflation did not immediately follow because of the severity of the economic recession. However, as some economists correctly predicted, it was only a matter of time. In Europe, it's starting to heat up.
The two most powerful members of the European Union (EU), France and Germany, have threatened to strike Libya with sanctions in response to Moammar Gaddafi’s brutal crackdown on protesters. Such sanctions would eventually lead to the cancellation of all economic and business ties between Libya and the EU.
China may not have been first to a launch social networking site, but it might be first to float one. Renren.com is eyeing an initial public offering in New York. Owner Oak Pacific is thought to want a valuation of $500 million. The potential for new internet darlings is huge, if they can avoid some old-school problems.
China will breed its own high-yield seeds and set up large seed companies to help ensure the country's food security in coming decades.
Mutual fund giant Fidelity is actively preparing to enter China by securing a trust company licence in one of the world's fastest-growing asset management market, a person familiar with the situation said on Wednesday.
Technology services provider Digital China Holdings Ltd is bidding for the rights to sell Apple Inc's iPad and Research in Motion Ltd's tablet PC in China, its chief executive said.
In the muggy forest of central Liberia, a gang of workers is inching its way along a railway track, cut long and straight through an otherwise impenetrable mesh of trees and vines. The drone of insects is interrupted by a high-pitched drill and the clang of hammers as workers put the finishing touches to the perfectly aligned steel tracks.
US “austerity is really foolish,” said famed economist and Nobel laureate Joseph Stiglitz in his office at Columbia University, in an interview with IBTimes.
Chinese encyclopedia website Hudong.com is alleging that Baidu Inc. is using its dominant position in the country's search engine market to negatively impact search results related to its competitors.
Internet giant Google has stepped in to rescue New Zealand earthquake victims with its Person Finder service.
Most Asian stocks ended lower on Wednesday, led by declines from airlines as crude oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.”
PC giant Hewlett-Packard Co's quarterly sales and outlook came in below Wall Street expectations, sending its shares down 11 percent in the afterhours trading on the NYSE.
The top after-market NASDAQ stock market gainers are: Nordson, Oclaro, MIND C.T.I., Star Bulk Carriers, and CDC. The top after-market NASDAQ stock market losers are: Huron Consulting Group, Subaye, Chart Industries, Ixia, and Fuwei Films.
Russia's membership in the World Trade Organization (WTO) will be in focus as Prime Minister Vladimir Putin meets European Union leaders on Thursday, but business leaders and trade officials from the U.S., EU and the WTO think Russia's entry is going to be difficult, the Wall Street Journal has reported.
VOANews.com was hacked by a pro-Iran cyber activist group that changed the domain name settings of the site, leading visitors to a different site controlled by the group.
