Investors showed appetite for Spain's debt Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations.
Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
The U.S. trade deficit narrowed unexpectedly in November as exports climbed to the highest level in more than two years, government data showed on Thursday.
China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.
At least 10 asset managers are preparing to launch yuan-denominated funds in Hong Kong to tap robust overseas demand for yuan assets amid expectations of faster yuan appreciation and broader investment channels, two people with direct knowledge of the matter said.
China is providing a $350 million concessionary loan to build a multi-lane toll road linking Uganda's capital with the country's Entebbe airport, 54 km (34 miles) away, Ugandan officials said on Thursday.
The European Central Bank will face a grilling on its assessment of the euro zone debt crisis and firming price pressures in the bloc after it left interest rates on hold at 1 percent on Thursday.
Chinese banks are plagued by non-performing loans because their own financial system is heavily distorted.
Starbucks Corp , the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular.
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.
