Intel Debuts More Powerful Chips for Cloud Computing
Intel, the world’s biggest chipmaker, introduced new low-power and multi-core chips specifically designed for cloud computing applications. Some could have as many as 50 core processor.
Silvercorp Shares Jump on Stock Buyback News
Shares of Silvercorp Metals Inc., battling anonymous charges of accounting fraud, shot higher Thursday despite a downdraft among precious metals miners that battered their share prices after announcing a stock buyback and a cut in the number of shares outstanding.
Sarkozy, Cameron hailed in Libya, offer help
Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.
China's Drought Persists, Endangers 44 Million
The drought, which started in the fall of 2010 and hit eight provinces, has already touched more than 44 million people and cost the agriculture industry $4.5 billion,
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Silvercorp Shares Rise as it Battles Accusers
Embattled miner Silvercorp Metals Inc., caught in a maelstrom of anonymous fraud allegations, said on Thursday it's pushing ahead with a share repurchase plan.
Apple iPhone 5 Sales in China may Start in December
As tech enthusiasts and Apple fans are eagerly awaiting the iPhone 5 that is expected to come in October, a Wall Street analyst expects the next iteration of the iPhone to start selling in China as early as December.
Gold Prices Fall on Hopes Greece May Remain in Eurozone
Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.
Standardized Testing: Is it a Blessing or Curse for U.S. Students?
While public schools have focused their energy on training students in math and reading since the passage of No Child Left Behind, the College Board announced SAT scores in combined reading and math this year have dropped to their lowest point since 1995.
World Economy in Danger Zone: World Bank Chief
World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.
Italy Parliament Gives Final Approval to Austerity Plan
The Italian parliament gave final approval on Wednesday to a much-altered austerity plan aimed at stemming a debt crisis engulfing the euro zone's third largest economy.
Goldman team forms San Francisco wealth boutique
Three senior Goldman Sachs Private Wealth Management advisers left the bank earlier this month to form an independent San Francisco boutique, Seven Post Investment Office LP.
EU wants rare earth clarity from China: trade chief
The European Union wants more clarity from Beijing on increased export quotas for rare earth minerals from dominant producer China in meetings next month and December, Europe's trade chief said.
China vice premier says always has confidence in euro
China always has confidence in the euro, Chinese Vice Premier Li Keqiang said at a China-Europe forum on Wednesday, offering reassurance that China will continue to invest in Europe.
Alcoa, China Power Investment nearing JV pact
Aluminum maker Alcoa Inc (AA.N) and China Power Investment Corp moved a step closer to linking up to manufacture aluminum products in China, the companies said on Wednesday.
China to pump $47 bln into Tibet to 2015
The Chinese government will pump 300 billion yuan ($47 billion) into restive Tibet over the next five years, with 90.5 billion yuan to finance roads, railways, hydropower stations and other infrastructure, state media said on Wednesday.
Asset managers Martin Currie, APS form China alliance
Fund management companies Martin Currie and APS Asset Management announced on Wednesday plans to set up a strategic partnership to expand in China.
Russia, China have shown little appetite for Greek debt-official
Non EU-countries like Russia or China have so far shown little interest in buying Greek debt, the Greek deputy finance minister said on Wednesday.
China's Ping An obtains PE, property investment licenses
Ping An Insurance (Group) Co of China Ltd has obtained regulatory clearance to invest in private equity and real estate, the official Shanghai Securities News reported on Wednesday.
Clearwire, China Mobile team up on 4G
China Mobile Communications Corp and Clearwire Corp (CLWR.O) have teamed up to develop high-speed mobile devices and infrastructure, potentially giving the cash-strapped U.S. 4G operator a technological boost.
Indosolar in talks with China's GCL for $2 billion solar deal
Indian solar photo-voltaic (PV) cellmaker Indosolar Ltd is in talks with Chinese polysilicon maker GCL-Poly Energy Holdings to tie up a new 4-year solar wafer supply deal, which could be worth up to $2 billion, its chief executive told Reuters on Wednesday.
Defense Industry Lobbies Congress Against Future Spending Cuts
A group of manufacturers and defense companies are lobbying members of Congress on the deficit-reduction committee to oppose further cuts to military spending cuts.
Silvercorp dismisses allegations, shares bounce up
China-focused miner Silvercorp (SVM.TO: Quote) offered a detailed rebuttal of new anonymous allegations of fraud on Wednesday, releasing figures on tax, production and assay grades to fend off an attack from short-sellers.
BRICS give lukewarm response to Brazil euro plan
Brazil's proposal to support the crisis-hit euro zone garnered only lukewarm support from fellow BRICS countries on Wednesday, as doubts mounted whether the five emerging market powers have the political will or financial clout to throw a lifeline to Europe.
Moody's cuts French banks, eurobond talk lifts markets
Moody's cut the credit ratings of two French banks on Wednesday because of their exposure to Greece's debt, highlighting growing risks to Europe's financial sector from a deepening euro zone sovereign debt crisis.
Gold Down After Day of Pro Eurozone Developments
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.
US shows flag in Tripoli, pledges support
The United States gave Libya's new rulers a very visible show of support on Wednesday when a senior envoy visited the capital and praised their efforts to assert control of armed groups three weeks after Muammar Gaddafi was overthrown.
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