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Dollar

Are Foreign Holdings Of US National Debt A Threat To Our Economy?

As the U.S. government spends an unprecedented amount of money to fix the economy, there's an equal need to raise the cash needed to pay for those fixes. As a result, Uncle Sam is forced to borrow from countries with high savings rates, such as China, to help cover the budget deficit.
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Takeru Kobayashi and Joey Chestnut

Takeru Kobayashi Vs. Joey Chestnut: The Big Fat Hot Dog Fight

At the Fourth of July Nathan's International Hot Dog-Eating Contest in Coney Island, New York, Joey Chestnut scarfed down 68 hot dogs to win the 2012 title. But across town, his competitive eating rival Takeru Kobayashi ate 68.5 at the Crif Dog Classic.
Chinese Flotilla

China's Navy Gathers Good Will Off Somalia

Chinese, Indian and Japanese navies in the Gulf of Aden show a sense of pragmatism and cooperation among their forces, but wariness of China's military is unlikely to lift anytime soon in East Asia.
Asian Markets

Asian Stocks Mostly Higher On Stimulus Hopes

Asian stock markets mostly advanced Wednesday on hopes that major central banks around the world would act to tackle the deteriorating global economic conditions.
International Business Times Logo

Russia And Japan At Odds Again Over Remote, Energy-Rich Kuril Islands

The Kurils are a chain of islands four thousand miles from Moscow, with horrible weather and a sparse, poor population. But they are on Japan's doorstep, and promise mineral and natural riches - and that's why Prime minister Medvedev is there
The logo of Renesas Electronics is seen at its headquarters in Tokyo

Renesas Electronics To Cut 5000 Jobs To Save $550 Million

Renesas Electronics Corp (TYO: 6723), a leading Japanese semiconductor manufacturer, said that it is letting go 5000 employees in an effort to restructure the organization and bring the company back to black.
International Business Times Logo

Asian Shares Inch Up As Weak Global Factory Data Boost Fed Hopes

Asian shares inched up on Tuesday as manufacturing data around the world highlighted the drag on growth from the protracted euro zone debt crisis, raising expectations for the Federal Reserve to take further steps to underpin the fragile economy.
Expectant Mother

Can Pandas Be Used As A Diplomatic Weapon?

Tokyo's firebrand governor Shintaro Ishihara and the Chinese Foreign Ministry are at it again. This time it's over the naming of a pair of panda bears. Really.
International Business Times Logo

The $60M iPad: Apple Settles China Trademark Suit

Apple will pay a $60 million settlement to secure the iPad trademark in China, opening up sales to the Chinese market, Apple's most profitable after the United States.
Micron Technology

Micron Technology Signs Elpida Memory Deal

Micron Technology (NYSE: MU), the biggest maker of memory chips in the U.S., finally signed a deal to acquire Japan?s Elpida Memory for $1.75 billion.
Traders on the floor of the New York Stock Exchange

US Stock Futures Signal Gains On Asia Data, EU Summit Assurance

U.S. stock index futures pointed to a higher open Monday as investor sentiment turned positive with indications of improvement in business conditions in Asia and also continued optimism on the measures taken at the EU summit.
Asian Shares

Asian Stock Markets End Flat; China Data Weigh

Asian Stock markets ended flat Monday as the optimism over Europe's moves to tackle the region's debt crisis faded and lackluster data from China also weighed.
Nikkei Stock Exchange

Asian Markets Rise On Japan Data, EU Optimism

Most Asian markets rose Monday amid indications of improving business conditions in Japan and on continued optimism about the measures taken in the EU summit to alleviate the euro zone debt burden.

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