World’s number one mobile phone maker, Nokia will end bundling of free music downloads with cellphones in 27 countries but will continue to sell phones free music downloads in China, India, Indonesia, Brazil, Turkey and South Africa.
Aileen WangSHANGHAI/BEIJING - China's central bank has reportedly cut its 2011 lending target for banks by 10 percent from last year in a bid to slow down free-wheeling lending and tame inflation.
China's central bank has cut its 2011 lending target for banks by 10 percent from last year, the official Securities Journal reported Tuesday, citing unidentified banking sources.
Adriana Resources reached a joint venture agreement with a unit of China's Wuhan Iron and Steel Co Ltd on Monday in the latest in a series of deals in Canada's iron mining sector.
The euro was on shaky ground on Tuesday with no imminent decision in sight on how to beef up the euro zone's rescue fund, while Asian tech shares outperformed despite news that Apple Inc
CEO Steve Jobs is taking medical leave.China has lent more money to developing nations than the World Bank in the past two years, the Financial Times said on Tuesday, underlining Beijing's ambitions to increase its global influence.
China's central bank has cut its 2011 lending target for banks by 10 percent from last year, the official Securities Journal reported on Tuesday, citing unidentified banking sources.
China's securities regulator will begin a trial programme that for the first time allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said.
China has emerged as a world leader in the manufacture of solar photovoltaic technology, and could soon be the largest supplier of wind turbines, thanks in part to state laws and directives that reward renewable energy equipment companies with cash and tax perks.
China's central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said on Monday.
China's securities regulator will begin a trial programme that allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said on Monday.
MasterCard Worldwide's (MA.N) partnership with China UnionPay, the country's lone bank card transaction processor, will help it become a player in China's 3 trillion yuan ($455 billion) personal consumption market in five to 10 years, the head of MasterCard in China said on Monday.
South Korea's Hana Financial Group Inc (086790.KS) has formed a strategic tie-up with China Merchants Bank Co Ltd (600036.SS), Hana said on Tuesday.
European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion order from Virgin America.
The music service was supposed to rival iTunes. It didn't.
PIMCO's Anthony Crescenzi , author of one of the few books on macroeconomic investing, speaks to IBTimes about his views on the broad economy and the tools he uses to monitor it.
Top negotiators from the world's largest trading powers will meet next week to push for a global trade accord, a signal that political momentum may be building for completion of the stalled talks.
Rough diamond prices are expected to rise further this year, but will not match last year's sharp double-digit percentage rebound, which was boosted by restocking from jewellers, the head of De Beers sales division said on Monday.
South African stocks fell on Monday, snapping a four-day advance, with paint company Freeworld Coatings sliding 4 percent after saying a proposed takeover bid by Japan's Kansai Paint was unfair to shareholders.
Developing countries and economies in transition together attracted more foreign investment than developed countries in 2010 for the first time, a United Nations study showed on Monday.
U.S. Senator Charles Schumer, D-NY, is greeting Chinese President Hu Jintao’s visit to the U.S. this week with a promise of legislation to impose tariffs on Chinese goods to combat China’s alleged currency manipulation.
European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion order from Virgin America.
