China's state banks make money far too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get timely access to capital, state media cited Premier Wen Jiabao as saying on Tuesday.
Washington Wizards rookie Chris Singleton defended his decision to by $10,000 in lotto tickets.
Shares of Apple (Nasdaq: AAPL) set another record high Tuesday after three more analysts boosted their targets, although none as high as the $1,001 set Monday by Brian White of Topeka Capital Markets.
China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
In the face of falling exports as a percentage of its economy, China is trying to get its citizens to overcome a long-held propensity to save and start spending more on consumer goods.
Thein Sein, whose military regime has had the democracy activist under house arrest for almost two decades, said the weekend balloting had been conducted in a very successful manner.
One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Video game consumers and fans are arguing that these protests have caused a dip in EA's stock price, and are calling for a boycott of the company in order to pressure Bioware to release a better ending for Mass Effect. The anti-climactic ending to the Mass Effect franchise has transformed the mass of videogame fans and consumers into an online army, protesting both Bioware, the game developers who created the series, as well as EA games, who own Bioware and published Mass ...
One of the world's largest exporters of raw materials is working to introduce a steep tax on just such shipments this year, Reuters is reporting, a move that is catching foreign investors and major trading partners by surprise.
Sunday's historic elections in Myanmar and the planned North Korean missile launch dominated the agenda at the annual Association of Southeast Asian Nations, or Asean, summit in Cambodia on Tuesday.
Royal Bank of Canada (TSE:RY), the country's largest bank, said Tuesday it will acquire the 50 percent of RBC Dexia Investor Services Ltd. it does not already own from its joint-venture partner Banque Internationale à Luxembourg S.A. for C$1.1 billion ($1.1 billion) in cash.
Most Asian stock markets advanced Tuesday as better-than-expected readings on US manufacturing and China's services industries data lifted sentiment while stronger yen hurt Japanese shares.
China may loosen overseas investment rules for private investors, the country's central bank chief said on Tuesday, less than a week after the government gave the go-ahead for pilot financial reforms in a coastal city.
Stocks and other risky assets rallied Monday after a widely followed U.S. manufacturing index suggested activity in that industrial sector further strengthened in March.
Two Brazilian industrial titans are circling a big Portuguese cement maker in the latest sign that the euro zone's recession is cutting the value companies based in struggling European countries and making them takeover targets.
The pace of growth in manufacturing picked up last month, but construction spending saw its largest drop in seven months in February, pointing to an economy that is healing gradually.
Could Apple (Nasdaq: AAPL) shares trade at $1,001? Analyst Brian White of Topeka Capital Markets see that within 18 months when Apple closes its fiscal 2013.
Today marks World Autism Awareness Day 2012, giving the disorder that affects one in 88 children greater visibility.
The move will see the kyat, which was previously pegged at 6.4 kyat to the dollar, work under a managed float system set to encourage greater investment in the country.
International trade groups are warning a proposal that would allow India's government to retroactively tax foreign companies could discourage investment.
Burmese activist Aung San Suu Kyi and the opposition National League for Democracy declared victory after Sunday's by-elections. Speaking to thousands of supporters from party headquarters in Yangon, the Nobel Peace Prize laureate hailed the success as the beginning of a new era for politics in Burma.
International trade groups representing more than 250,000 companies have warned Indian Prime Minister Manmohan Singh that new taxation proposals by his government have led foreign businesses to reconsider their investments.
