Snow across some drought-hit parts of north and central China brought limited respite from a drought threatening winter wheat crops that has fueled talk of higher global prices, state forecasters said Thursday.
The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.
A bipartisan group of 101 lawmakers in the House of Representatives launched a new bid on Thursday to pass legislation aimed at pressuring China to let its yuan currency rise in value.
A bill that seeks to punish China’s undervalued currency with import tariffs was introduced on Thursday by Senators Olympian Snowe (R-Maine) and Sherrod Brown (D-Ohio).
The U.S. Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.
Five new Republican faces for a possible run for the U.S. presidency in 2012 are in this year's straw poll of thousands of conservative activists who have made their annual trek to Washington this week.
Strengthening cybersecurity is the goal of legislation being introduced in Congress after reports of hack attacks on computer networks at Nasdaq OMX Group and at oil and gas companies.
World stock markets fell hard on Thursday, with Hong Kong shares losing 2% and London's FTSE100 dropping 0.9% by lunchtime. Indian stock markets have lost more than $20 million per minute so far in 2011, the Economic Times reports, with billionaire Anil Ambani blaming vicious and illegal rumors.
North and South Korea traded blame Thursday for the breakdown of military talks as a stalemate emerged over the starting point for negotiations.
India and Pakistan said on Thursday they would resume formal peace talks but issues such as militancy and the disputed Kashmir region are likely to slow any progress towards defusing tensions.
Rio Tinto's smaller than expected $5 billion share buyback and caution over the sustainability of a commodity boom overshadowed record profits from the mining giant.
Analysts have estimated that China’s consumer price index (CPI) went past 5 percent in January on annual basis, Securities Daily reported on Thursday.
Gold eased below $1,360 an ounce in Europe on Thursday as the rising dollar pressured prices, and with Asian buying still light after the Lunar New Year holidays.
A new Thai airline is hiring transsexual ladyboys as flight attendants, aiming at a unique identity to set itself apart from competitors as it sets out for the skies. Known as katoeys or ladyboys, transgenders and transsexuals have greater visibility in Thailand than in many other nations, holding mainstream jobs in a variety of fields.
Hackers working in China broke into the computer systems of five multinational oil and gas companies to steal bidding plans and other critical proprietary information, the computer security firm McAfee Inc said in a report.
U.S. stock index futures fell on Thursday on disappointing earnings from Cisco and Credit Suisse before weekly jobless claims data.
A new report from computer security firm McAfee has identified five multinational oil and gas companies, whose networks were broken into by Chinese hackers, most probably with an intention to steal bidding plans and other important proprietary information.
Wall Street was set for a lower start on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq futures were down 0.4 to 1 percent at 1010 GMT.
The top after-market NYSE gainers on Wednesday are: Encana Corp, EnerSys, Lions Gate Entertainment, FXCM and Goodyear Tire & Rubber. The top after-market NYSE losers are: Terex, LIN TV, Allstate, China Green Agriculture and Cypress Sharpridge Investments.
Telecom equipment maker Alcatel-Lucent struck an upbeat tone for 2011, keeping an ambitious free cash flow target and reassuring investors on its profitability as it nears the end of its turnaround plan.
The Hong Kong stock exchange said on Thursday it will consider international alliances after Deutsche Boerse and NYSE Euronext announced plans to form the world's biggest trading powerhouse.
Global miner Rio Tinto reported a record second-half profit on Thursday, more than double a year earlier, matching forecasts as its biggest customer, China, snapped up iron ore, coal and copper.
