The grass is always greener on the other side in China: foreign companies want to tap the country's 1.3 billion consumers while some Chinese firms are desperate to escape the cut-throat competition at home.
As China evolves from a nation of savers to one of borrowers and investors, banks are salivating over the prospects, but risks loom in a market where consumer credit is a novelty and competition is intensifying.
Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.
From Australia to Argentina, erratic weather is slashing wheat crops of the major producers, which is threatening to push up prices to multi-year highs and making it difficult for countries to replenish stocks.
A patriotic Internet game featuring heroic Chinese and designed to wean the young off their addiction to violent foreign games is still not ready for release a year after development begun, state media said on Tuesday. Unlike the more popular games, where players have to slay dragons, fight aliens or beat up bad guys, in Chinese Heroes players click on statues to learn about their experiences and carry out tasks like moving bricks, Xinhua news agency said.
China will invest around $5 billion in energy projects in Venezuela by 2012 as part of a plan to boost Venezuela's oil output, the South American country's energy minister told state television on Monday.
Gateway Inc. has received an unsolicited offer from eMachines founder Lap Shun Hui to acquire the computer and printer maker's retail operations for $450 million.
Japan's Fuji Photo Film Co. and China's SVA Electron Co. Ltd. will together spend $270 million to make color filters used in liquid-crystal displays, Fuji Photo said on Tuesday.
China's one-child policy has led to an aging population and labor shortages that could undermine a key basis for the country's economic growth, its seemingly endless supply of cheap workers, a newspaper said on Monday.
The surprise timing of China's latest interest rate rise partly reflects political pressure and shows the central bank falls short of the transparency and predictability that are the hallmarks of its rich-country peers.
Most Chinese see bribes and kickbacks as an indispensable part of doing business in the country, state media on Monday cited a survey as showing.
Major oil producing countries will not lower their oil production for the rest of the year as they work toward stabilizing oil prices, said OPEC's President, Edmund Daukoru on Thursday.
Apple Computer Inc. said on Friday that its main supplier of iPod music players let employees in a China plant work longer hours than allowed by Apple's code of conduct, and that it had taken steps to address the issue.
India's growing thirst for oil has prompted the country to seek investments worth $1-billion in oil development and mining projects in Africa's Ivory Coast.
Venezuela's Energy and Oil Minister Rafael Ramirez said on Tuesday the country plans to increase oil sales to China to 200,000 barrels a day by the end of the year.
China's censors are targeting on-line spoofs of films, celebrities and Communist icons, a Chinese newspaper reported on Tuesday, in the government's latest campaign to regulate Internet content.
Worldwide sales of chip-making equipment in June posted the highest percentage growth in months, with demand expected to grow still further in the next quarter, an industry group said Monday.
It was only a matter of time: China is catching Blackberry fever. And like most other things in that burgeoning economy, it's likely to be at cut-rate prices.
It all started with Canadian mining company Inco Ltd. saying that it wanted to acquire nickel miner Falconbridge Ltd.
In the Darwinian evolution of electronic companions, first came the speaking doll, then the Tamagotchi virtual pet, then Sony's short-lived AIBO dog.
Nigeria is set to receive a $2.5-billion loan from the US Federal Government to assist government plans to rehabilitate and modernize the country's dilapidated railway system, President Olusegun Obasanjo said on Wednesday.
The profit-oriented market economy is seen working against Beijing's plan to reduce aluminum capacity in China.
