CHINA

Israel Welcomes Iran-World Power Talks, But Believes Military Strike Only Alternative to Solve Issue

Satellite image shows the nuclear facility at Bushehr, Iran,
Israel was guarded in its approach to the resumption of talks with Iran by the world powers on Wednesday. The six world powers including the United States, France, Britain, China, Germany and Russia had expressed their willingness to continue talks with Iran over its nuclear program.Iran had offered to open up a key military base for international inspections, which the world powers suspect would be used for a its secret nuclear program.
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A general view of a container port in Shanghai

China Lambasts U.S. Trade Bill, Won't Adjust Yuan

A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday.
Gold bars

Gold Recovers as Dollar Retreats, Buyers Step In

Gold is down more than 6 percent since late February, having dropped sharply from the year's highs after U.S. Federal Reserve chairman Ben Bernanke held off signaling a further round of U.S. monetary easing in a key speech.
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China says some foreign firms exploit workers

Some foreign companies in China exploit their workers by forcing them to do overtime or underpaying them, the labor minister said on Wednesday, as controversy swirls over working conditions at a plant that makes Apple Inc's iPhones and iPads.
Cotton

India Bans Cotton Exports: How Will This Affect the Price?

The spot price of the benchmark Memphis cotton price have jumped more than 5 percent after India, the world’s second largest producer and exporter of cotton, banned exports of the fibre Tuesday. However, the impact of this ban on prices is expected to be short-lived according to a report.
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Asian Markets Fall Again on Renewed Greek Default Fears

Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
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Asian Markets Continue Fall

Asian shares fell for a third day in a row Wednesday as investors grew more risk-averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
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Wall Street marks first big loss of 2012

The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in three months on renewed fears of a disorderly default in Greece and concerns that China's slowdown would hit global growth.
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Wall Street posts first big loss of 2012

The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in almost three months on renewed fears of a disorderly default in Greece and concerns that China's slowdown would hit global growth.
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Wall Street drops most in 3 months on Greece, economy

Stocks fell the most in nearly three months on Tuesday, with the Dow tumbling more than 200 points as the risk of a disorderly default in Greece and a reduced growth target in China dented recent confidence in the global economic recovery.
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Dow off over 200 points as economy, Greece hit Wall Street

Stocks fell the most in nearly three months on Tuesday with the Dow tumbling more than 200 points as recent government data rekindled concerns about global growth and a deadline loomed for private holders of Greek debt to agree to hefty losses.
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Wall Street slides on economy worries, Greece

Stocks were on track to post their worst day so far in 2012 on Tuesday as recent government data rekindled concerns about global growth and as a deadline loomed for private holders of Greek debt to agree to hefty losses.
John McCain

John McCain Urges Air Strikes on Syria: Administration Response

On Monday afternoon, Arizona Republican John McCain became the first U.S. Senator to call for air strikes against the Syrian regime of Bashar al-Assad. A senior Obama administration official said that the president and his advisers “share his concern and outrage about what’s taking place.
Lihir Gold Mine

Gold Down 2% after Breaking below 200-Day Moving Avg

Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.

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