Articles by China

  • Brent crude up for eighth day near $117; economic risks may cap rise

    September 17 2012 4:31 AM EDT

    Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy. Oil has been boosted by the U.S. Federal Reserve's aggressive moves last week to stimulate the world's biggest economy, but Brent crude's rally of about a third since late June could backfire by undermining demand in a fragile economy. "The current...

  • Coal News Indonesia

    September 17 2012 4:13 AM EDT

    Atlas Resources has secured a 20-year coal supply contract with a state utility company, with the resources firm angling for three additional contracts. In a filing to the Indonesia Stock Exchange on Friday, the company said that through its subsidiary Hanson Energy, it had signed an agreement to supply 429,000 metric tons annually to Perusahaan Listrik Negara's coal-fired power plant in Teluknaga, Banten. The company will supply low-calorie coal to PLN for two decades, to 2031. Atlas directo...

  • First Apple iPhone 5 Pre-Orders Begin Shipping From China; Enthusiasts Start Camping Outside Flagship Apple Stores

    September 17 2012 3:40 AM EDT

    As the launch date for Apple iPhone 5 comes closer, customers who placed the first preorders for iPhone 5 are noticing updates that point to their orders being shipped from China, AppleInsider reported.

  • Singh
    India's 'Big Bang Friday' Reforms Might Just Stick

    September 17 2012 1:35 AM EDT

    There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

  • An investor checks stock information with a computer at a brokerage house in Hefei
    Asian Markets Drop After Last Week?s Rally

    September 17 2012 12:04 AM EDT

    Most of the Asian markets dropped Monday after the rally last week when investor confidence was buoyed by the optimism that the stimulus measures announced by the central banks in the U.S. and the Europe would help revive the global economic growth momentum.

  • U.S. Economy / Occupy Wall Street
    Occupy Wall Street - Passé Or Canary In A Coal Mine?

    September 16 2012 11:32 AM EDT

    The Occupy Wall Street protest movement is expected to resume Monday, on the 1-year anniversary of the protests. Is the coalition passé and irrelevant? Or is it a canary in a coalmine - an indicator of worsening economic and social problems in the United States?

  • Chinese Continue Venting Rage Over Japanese Control Islands

    September 16 2012 10:35 AM EDT

    Chinese riot police forcibly broke up an anti-Japan protest in southern China Sunday as demonstrators again took to the streets in scores of cities in a long-running conflict over a group of tiny disputed islands.

  • Malware Infects PCs Even Before They Reach Retail Shops, Says Microsoft Study (VIDEO)

    September 16 2012 6:22 AM EDT

    A new study conducted by Microsoft dubbed Operation b70, from Aug. 2011, shows that several computers carry malware installed in the factory, BBC News reported.

  • 1B Cell Users And No iPhone In India's Hot Mobile-Apps Market

    September 15 2012 1:34 PM EDT

    Only two countries are members of the 1 billion mobile phone users club: China and India. In the latter, Nokia and Samsung are battling for the top spot, but their big worldwide rival is an Indian no-show: Apple and the iPhone. Here's why and what's at stake.

  • A man looks at a stock quotation board outside a brokerage in Tokyo
    Weekly Roundup: Asian Markets Rally As Fed Announces QE3

    September 15 2012 12:00 AM EDT

    Most of the Asian markets gained in the week as investor confidence was lifted following the announcement of another round of quantitative easing by the U.S. Federal Reserve which is expected to rejuvenate the economic growth.

  • NYSE
    Four Things That Could Lift The Dow Jones Industrial Average Even Higher

    September 14 2012 11:26 PM EDT

    The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.

  • Official In China Attacks Woman For Picking Flowers, Netizens In Uproar

    September 14 2012 6:12 PM EDT

    The Chinese internet community's low opinion of local government officials gets reinforced by another case of poor behavior, this time showing criminal assault of a young mother, whose only mistake was to pick flowers from grounds near a government building.

  • US Housing Starts
    Fed Speakers, Housing Data, Manufacturing PMI: Economic Events For Sept. 17-21

    September 14 2012 4:36 PM EDT

    The continued weakness of the global economy will probably leave the two regional manufacturing PMI (Empire State and Philly Fed) and the national Markit PMI at low levels in September. Meanwhile, economists expect August?s data on housing starts and existing home sales to show that the housing recovery remains intact.

  • Alpari Grain Report 9/14

    September 14 2012 3:52 PM EDT

    Wednesday's USDA monthly crop report came in line with the pre-report range of guesses but not right on the average estimate, creating some volatility on the day. Corn production was put at an estimate of 10.727 billion bushels down 52 million bushels from last month, but 307 m.b. higher than the average pre-report trade estimate. So it was bullish in the big picture but not as bullish as expected and how the trade was positioned, leading to corn pushing $.10-$.16 lower in the opening range. ...

  • Australia Culls 100,000 Feral Camels To Limit Environmental Damage

    September 14 2012 2:42 PM EDT

    Some 100,000 feral camels have been culled from the Australian outback in order to control the population level and limit the environmental damage they cause.

  • What It's Really Like Inside The Foxconn Factories That Make The iPhone

    September 14 2012 1:37 PM EDT

    The oppressive life in the plants where a third party assembles Apple iPhones remains an integral part of what is needed to deliver the product into the hands of the consumer. Conditions in the factories making the iconic product of the 21st century bring to mind the 19th.

  • Global Auto Industry Outlook: Auto Sales To Grow 6% In 2012

    September 14 2012 12:40 PM EDT

    Auto demand in global markets will continue its upward trend in 2012 and 2013 despite regional disparities. Nomura analysts forecast double-digit growth in the U.S. and Southeast Asia, but expect European demand to shrink 7 percent.

  • Didier Drogba
    Arsenal Transfer News: Drogba, Samper, Sagna and Boakye-Yiadom Involved in Latest Speculation

    September 14 2012 11:52 AM EDT

    The latest on speculation linking Arsenal with a move for Didier Drogba, as well as possible moves for two highly-rated youngsters.

  • Apple iPhone 5 LTE Data Plan Won't Work On China's Largest Network

    September 14 2012 10:42 AM EDT

    The Apple Inc. (Nasdaq: AAPL) iPhone 5 won't work on the LTE infrastructure of China's largest mobile network, Nomura analysts reported Friday, the latest setback for a launch that is not making the expected waves in that Asian country.

  • QE3 is the main price driver

    September 14 2012 10:05 AM EDT

    Although Wednesday's inventory report was the main event for the oil market yesterday with prices trading around this report the main event for the global risk asset markets today was the US Fed announcement that they are embarking on another round of quantitative easing... QE3. The US Fed announced a $40 billion per month mortgage back securities buying program that is likely to last for as much as a year. The Fed will re-evaluate the situation in three or four months. This new program is in...