The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.
British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.
A surge in food prices propelled Chinese consumer prices to a 25-month high in October, despite the government's efforts to control inflation.
At the closing plenary session of the G20 business summit in Seoul, South Korea, David Cameron, the British Prime Minister, praised the host country’s miraculous economic advances and also highlighted some major themes underlying the purpose of the G20.
The top after-market NASDAQ stock market gainers are: China GrenTech, Perceptron, Sonic Solutions, Brooks Automation, Fuel-Tech, Prospect Capital, Dendreon, FiberTower, and China Sunergy.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
The Group of 20 (G20) leaders in Seoul could not thrash out any agreement on contentious forex and currency issues though talks ran through past midnight on Wednesday, said a spokesman at the summit media hall on Thursday morning.
Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.
Goods and services trade deficit in the U.S. narrowed in the month of September from the previous month, but still remained high with China, according to a report released by the U.S. Commerce Department.
The CEO of Vestas, a major supplier of wind turbines, is asking for heads of state to meet for an hour to help come up with methods of weaning the world from fossil fuels.
The Korean government is using the G20 as a chance to boost prestige, using the concept of branding.
To the dismay of policy makers, the newly-printed dollars of the Federal Reserve has not found its way to the real U.S. economy in the form of loans to small businesses and consumers. A key question is if they are sitting in the U.S. financial system or flowing to emerging market economies.
The suicide concoction of fiat currency, debt, military empire, and delusion has been painless for those in power, but painful for the working middle class of this country.
China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.
Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.
The US Federal Reserve' s quantitative easing can lead to asset bubbles as the money goes in search of equity, property and other such assets in a low-interest rate scenario, said Kaushik Basu, chief economic advisor to India's finance minister.
Less than half of the Asian companies listed on the Wall Street Journal’s Asia 200 Index have a corporate social media presence, said a new study by Burson-Marsteller, a public relations and communications firm.
China announced on Friday tax incentives for small businesses in a bid to raise employment levels in the country.
A Chinese research center has unveiled the Tianhe-1A, replacing United States as the maker of the world's fastest supercomputer.
Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
U.S. consumers return to luxury stores despite concerns over high unemployment and a double dip recession.
Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.