CHINA

Gold Down After Day of Pro Eurozone Developments

Gold bar
Gold prices settled moderately lower Wednesday after a string of European developments during the trading session boosted investor hope that the continent's sovereign debt crisis is finally getting the attention it requires.

Zoellick: World economy in new danger zone

IBTimes Logo
The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.
IBTimes Logo

Zoellick says world economy in new danger zone

The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.
More news
IBTimes Logo

Silvercorp Shares Extend Losses

Shares of China-focused Silvercorp Metals slipped again on Wednesday, a day after more short-sellers publicized a string of allegations against the company.
Axe in Gongyi

Chinese Farmer Kills 6 with Axe

An axe-wielding farmer in China attacked and killed six people on Wednesday morning, including two young students and four adults. The man is said to have mental health problems, and may have suffered from schizophrenia.
IBTimes Logo

Stock futures up after comments on new euro bonds

Stock index futures rose on Wednesday, recovering from earlier losses, after the head of the European Commission said it will present options for joint euro zone bonds, a tool that might help resolve the region's debt crisis.
IBTimes Logo

China urges U.S. not to resort to protectionism

China's Foreign Ministry urged U.S. lawmakers on Wednesday not to resort to excuses for trade protectionism after U.S. Senate Democratic Leader Harry Reid pushed for legislation aimed at forcing China to loosen controls on its currency.
General view of a the logo outside a branch of French bank Societe Generale in Paris

Moody's Cuts French Banks' Ratings as Euro Crisis Deepens

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.
IBTimes Logo

Asia corporate sentiment slides on global worries

Sentiment at Asia's top companies fell in the third quarter, hitting its lowest level since the fourth quarter of 2009 as doubts about the strength of the global economy weighed, a Reuters survey showed.
IBTimes Logo

Cisco slashes sales outlook, enters new era

Cisco Systems Inc slashed its long-term forecasts, acknowledging an end to an era of scorching growth after cutting thousands of jobs in a sweeping four-month reorganization.

Counting the cost if EMU fails

Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten the emergence of China's yuan as a global currency.
IBTimes Logo

Cisco reassures Wall St on post-revamp earnings

Networking giant Cisco Systems Inc slashed its long-term forecasts, acknowledging that it will find it harder to drive growth even after cutting thousands of jobs in a sweeping reorganization.
Cocaine from Britain's largest ever cocaine seizure is seen on display in London

UN: Cocaine Usage On the Rise Globally, Stemming From Australia

A report released Tuesday by the United Nation's Office on Drugs and Crime (UNODC) showed that seizures of cocaine and amphetamine-type stimulants such as ecstasy and meth, have increased dramatically, with 592 kilograms confiscated in 2008-09 compared with 179.5 kilograms just six years prior to the federal findings.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.