The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.
China Mobile (Hong Kong) Ltd., the largest mobile telephone provider in China, announced on Thursday that they and Google Inc. have been working together to bring internet search capabilities to China.
China’s yuan valuation broke through an important symbolic barrier against the dollar on Monday after the central bank lowered the mid-point of its currency just under the 8.0 yuan per dollar exchange rate.
U.S. gold hit new 25-year highs on Tuesday on aggressive buying by investment funds, while oil soared as a letter from Iran's president to U.S. President George W. Bush failed to defuse tensions over Iran's nuclear program.
China's Guangzhou Baiyun International Airport, now pursuing a $2.16 billion expansion, is considering taking on foreign investors to help bankroll its rapid growth while beefing up management and service standards.
UK-based Barclays Bank Plc is looking to develop wealth management in India, where it sees potential in a growing middle class as well as non-residents, two senior executives told Reuters in an interview.
The world's attention is firmly turned toward Asia when it comes to widening imbalances in global trade and investment, soaring foreign-exchange reserves and the dollar's structural weakness.
After serving a rise in lending rates as an unexpected appetizer, will China dish up a speedier climb in the yuan as the main course of its monetary tightening?
Raw material resources will determine country rankings in the world economic pecking order in years to come as strong demand and limited supplies ensure commodity prices hold their upward trajectory.
U.S. stocks rose on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause in its 22-month campaign of raising borrowing costs, lifting shares of interest-rate sensitive companies such as banks and utilities.
China took global markets by surprise on Thursday by raising interest rates for the first time in 18 months to slow a boom in credit and investment that risks destabilizing the world's fastest-growing major economy.
U.S. stock futures fell Thursday as China's central bank lifted interest rates and on caution ahead of testimony from the chairman of the Federal Reserve.
U.S. stock futures extended gains on Tuesday as quarterly results from companies including chemical manufacturer DuPont Co. fueled optimism about corporate profit growth despite near-record oil prices.
Foreign stocks have become so popular in the United States that whole exchanges are now shopping abroad. Both the New York Stock Exchange and the Nasdaq have been competing to buy the centuries-old London Stock Exchange.
While financial markets may not react dramatically to the Group of Seven's charge to China to let its yuan currency rise, the events of the weekend will likely further erode faith in the U.S. dollar.
China's yuan currency can probably begin to rise more swiftly given the reforms Beijing has put in place, but gradualism is still the guiding philosophy, the head of China's central bank said on Saturday.
The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates. The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates.
Finance ministers endorsed proposals Sunday intended to make it easier for international lending institutions to deal with soaring oil prices, trade gaps and other problems that threaten to derail growth.
Chinese banks will increasingly opt to list shares at home as China's financial markets mature, a senior banking regulator said on Saturday.
Chinese President Hu Jintao pledged to President George W. Bush on Thursday that China will make more trade concessions and does not seek an excessive trade surplus with the United States.
Oil surged to a record high above $72 on Tuesday on concern that Iran's nuclear stand-off with the West could cut oil exports from the world's fourth-largest crude exporter.
China's banking regulators on Tuesday issued rules for commercial banks to invest client funds offshore, an important step toward opening up the country's tightly controlled foreign exchange regime.
