CHINA

IBTimes Logo

Unbacked Money, 40 Years On

2011 will mark 40 years since the United States' government finally stopped redeeming its dollars for gold. That ended over 250 years of formal gold backing for the West's dominant currencies. It also took the entire world off precious-metal money for the first time in 5,000 years of civilization.

Immelt’s appointment has labor leaders concerned

Jeffrey Immelt’s appointment by President Obama to head his new White House economic council has some labor leaders concerned, given the perception that the boss of General Electric (NYSE: GE) is hostile to the union movement and is committed to outsourcing American jobs to foreign (cheaper) workers.

Iran draws red lines at outset of nuclear talks

Iran gave no sign of making concessions to world powers bent on coaxing it to curb its nuclear programme at talks on Friday, saying it would not discuss suspending sensitive uranium enrichment.
More news

China media lauds Hu's U.S. visit as masterstroke

Chinese media praised President Hu Jintao's visit to the United States on Friday as a diplomatic masterstroke in easing tensions, but reports largely ignored thornier questions of currency and human rights.

Donald Trump loves to hate China

Donald Trump, billionaire real estate mogul and outspoken critic of China, has been on a freewheeling China-baiting spree of late. The Chinese are not friends, but enemies, and that they do not understand niceness, Trump said in CNN’s Situation Room with Wolf Blitzer.

Japan presents upbeat economic outlook

The Japanese cabinet office said on Friday the economy is showing signs of growth momentum and that the exports sector has been helped by China's growth and strong recovery in the U.S.

Google’s newly announced CEO Larry Page will face challenges from Facebook, Apple

The main challenge that is going to grip Page is going to be the confrontation with Facebook, the world’s largest networking site which is closing in on 1 billion users. And another competitor would be Apple in terms of mobile advertising. Recently Facebook was in the new about the challenge it posses over Google in terms of advertising.

China rate hike looms as inflation becomes political issue

Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.
IBTimes Logo

Asian stocks slide as policy worries intensify

Asian stocks tumbled and commodities paused on Friday after a recent selloff on worries that rising inflation may invite aggressive policy tightening and hurt growth in the world's growth engines like China and India.
IBTimes Logo

Lenovo, NEC in PC joint venture talks: sources

China's Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources familiar with the matter said, in a deal that would help them close the gap with larger global rivals.
IBTimes Logo

GE seen posting 14 percent rise in profit

General Electric Co is expected to report a 14 percent rise in quarterly profit on Friday, with lower credit losses at its finance arm offsetting the dulling effects of a tepid economy on heavy equipment orders.

China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.
IBTimes Logo

China rate concerns roil stocks, commodities fall

Global equities and commodity prices fell on Thursday after robust Chinese economic growth prompted fears the world's second-largest economy would try to choke off excessive demand that is fueling inflation.

China knows yuan move in its interest, Biden says

China understands a stronger yuan is in its best interest although President Hu Jintao made no specific commitment to let the currency rise more rapidly, U.S. Vice President Joe Biden told Reuters on Thursday.

Hu says China no threat, seeks win-win US ties

Chinese President Hu Jintao on Thursday called for closer U.S.-China cooperation on economic and security issues, especially in the Asia Pacific region where both countries have strong interests.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.