Prime Minister Manmohan Singh will reshuffle his cabinet on Wednesday in a mid-term effort to refresh a coalition government snared by corruption scandals and year-high food inflation as it faces key state elections.
History shows the U.S. can force China to revalue the yuan.
Executives from General Electric, Microsoft, Goldman Sachs, Coca-Cola, Boeing, Intel and Carlyle Group will be among U.S. business leaders at a meeting on Wednesday hosted by U.S. President Barack Obama with Chinese President Hu Jintao, a White House official said.
Hong Kong stocks are set to rise on Wednesday following a higher close on Wall Street which was supported by commodity-related counters and strong earnings from technology bellwethers Apple (AAPL.O) and IBM (IBM.N).
A trade delegation from China will sign agreements in Chicago on Thursday to buy an unspecified amount of U.S. soybeans, the U.S. Soybean Export Council said in a statement.
U.S. President Barack Obama came under increasing pressure on Tuesday to publicly speak out against Beijing's harsh treatment of political and religious dissidents during a state visit this week by Chinese President Hu Jintao.
Chinese President Hu Jintao and President Barack Obama will meet with U.S. and Chinese business leaders at the White House on Wednesday to discuss ways to expand trade and investment opportunities, with the U.S. executives seeking deals to tap into China's economic growth.
Chinese President Hu Jintao arrived in the United States on Tuesday for a four-day state visit peppered by U.S. complaints about Beijing's currency policies but sweetened by some $8.5 billion in business deals.
International Business Machines Corp's quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.
Foreigners increased purchases of U.S. securities in November, the U.S. Treasury Department said on Tuesday, though it was private investors rather than central banks who did the bulk of the buying.
Foreigners increased purchases of U.S. securities in November, the U.S. Treasury Department said on Tuesday, though it was private investors rather than central banks who did most of the buying.
South Africa petrochemicals group Sasol said on Tuesday it would not continue with a planned coal-to-liquids plant project in Indonesia as it seeks to focus more on gas-to-liquids opportunities.
China's Sichuan Hongda Co. Ltd. will invest $3 billion in a coal-fired power plant and two iron ore mines in Tanzania, the state-run National Development Corporation (NDC) said on Tuesday.
Chimei Innolux, Taiwan's largest LCD maker, plans to spin off its touch panel business as it seeks bigger gains from a business expected to be one of its fastest growth engines.
Taiwan tested as many as 19 air-to-air and surface-to-air missiles even as Chinese President Hu Jintao was due to meet President Obama for a summit meeting.
The top pre-market NASDAQ stock market gainers are: ARIAD Pharmaceuticals, Datalink, Sterling Bancshares, China XD Plastics and Ku6 Media. The top pre-market NASDAQ stock market losers are: Apple, Avago Technologies, Cypress Semiconductor, NVIDIA and ASML Holdings.
Apple's Chief Operating Officer Tim Cook is again at the helm, after CEO Steve Jobs announced that he is going on a medical leave.
Chinese Premier Wen Jiabao vowed on Tuesday to slam the brakes on a credit surge at the start of this year, following reports that the central bank has cut the 2011 lending target for banks by 10 percent.
Gold priced in US dollars rose for a second day on Tuesday. Reflecting the improved consumer appetite for gold in Asia, premiums for gold bars rose on Monday to hit another two-year high as jewelers from China rushed to buy ahead of the Lunar New Year, while purchases from the electronics sector helped stir up physical trading in Japan, dealers said.
The People’s Bank of China could hike interest rates in the first quarter of the year, an adviser to the central bank said on Tuesday.
U.S. President Barack Obama will host Chinese President Hu Jintao for a state visit on Tuesday in a crucial summit of the world's two biggest powers that some analysts have called the most important since Deng Xiaoping's visit 30 years ago.
Japan's JFE Steel Corp (5411.T) said on Tuesday it is boosting purchases of coking coal from the United States, China, Russia and Indonesia after heavy floods hit production sites in Australia, its biggest supplier.
