U.S. legislation pressing for a rise in the yuan currency looms as less of a threat for China on the eve of President Hu Jintao's visit to Washington, now that Republicans control one house of Congress.
Chinese police have arrested 96 people for using melamine-tainted milk powder to produce dairy products, state media said on Thursday, the same chemical that killed several babies in a milk powder scandal in 2008.
Google is reloading its guns in China to focus on display advertisements and the booming export sector a year after a blowout with Beijing over censorship and hacking all but ensured its demise in the country.
In a development that may underscore a growing resentment of Asian business acumen on the African continent, authorities in Tanzania recently ordered foreign traders doing business in a key market in the capital city of Dar es Salaam to close up shop and depart the country within thirty days or risk arrest and prosecution.
Few diplomatic rituals are more predictable than U.S. presidents prodding Chinese leaders over China's human rights record.
U.S. jobless claims jumped to their highest level since October while food and energy costs boosted producer prices, pointing to lingering headwinds for an economic recovery that had been showing renewed vigor.
Jefferies & Co. recommends semiconductors' stock selection for 2011 in order to deliver relative outperformance as it continues to prefer the secular stories such as those with specific revenue share gains, product cycles, or new business ramps.
China will grow slower in 2011 due to the unwinding of fiscal stimulus and the restrictions placed on overheating sectors, the World Bank said in a report.
After Chinese President Hu Jintao and Barack Obama show the world smiles and handshakes next week, the wait will begin for the next of the feuds that have regularly sapped trust between the two powers.
U.S. Treasury Secretary Timothy Geithner said on Wednesday that China needs to raise the value of the yuan more quickly and faster progress could pave the way for greater access to U.S. high-tech goods.
The euro dipped on Thursday but could head higher if Spain and Italy, like Portugal, also find decent demand for their debt, while U.S. oil prices crept up to $92 a barrel, potentially straining consumers who are already watching food prices climb.
The euro was stable on Thursday and could head higher if Spain and Italy like Portugal also find decent demand for their debt, while U.S. oil prices marched above $92 a barrel, potentially straining consumers watching food prices climb.
(The following was released by the rating agency)Standard & Poor's Ratings Services said today that it had assigned its 'AA-' issue rating to the proposed issue of U.S. dollar-denominated senior unsecured notes by CNOOC Finance (2011) Ltd. CNOOC Ltd. (AA-/Stable/--) irrevocably and unconditionally guarantees the notes.
Worries about China's military buildup and aggressive diplomacy are bolstering its neighbors' desire to see Washington stay committed to the region while pushing them to hedge their bets against waning U.S. influence.
China told the United States on Wednesday its first test-flight of a stealth fighter jet should not be seen as a threat, reiterating it had no intention of challenging U.S. military might in the Pacific.
Shanghai Pharmaceuticals Holding Co Ltd (601607.SS) aims to raise at least 8 billion yuan ($1.21 billion) in a Hong Kong listing before the end of June, and will submit a listing application in Hong Kong this month, the South China Morning Post reported on Thursday.
Hong Kong stocks are likely to rise further on Thursday with traders expecting momentum to continue after the benchmark convincingly broke through short-term chart resistance on high volumes.
Following are news items and media reports that may affect the Taiwan stock market. Double click on the number in [] to read the stories.
China's largest lender, Industrial and Commercial Bank of China (ICBC), said it will not conduct fundraising from the capital markets within three years, the Securities Times reported on Thursday, citing the bank's chairman.
After Chinese President Hu Jintao and Barack Obama show the world smiles and handshakes next week, the wait will begin for the next of the feuds that have regularly sapped trust between the two powers.
China told the United States on Wednesday its first test flight of a stealth fighter jet should not be seen as a threat and reiterated it had no intention of challenging U.S. military might in the Pacific.
State-owned Bank of China Ltd's move to offer limited deposit services in the renminbi to U.S. customers represents a tiny step in what will be a long journey for the Chinese unit to become a widely-traded international currency.
