Articles by China
President Obama's 2012 DNC Speech Video And Full Text Transcript
September 07 2012 5:45 PM
U.S. President Barack Obama's speech Thursday night earned mixed reviews, but his reminder of the campaign promises he ran on in 2008 made members of the audience emotional. Obama reminded the audience that all Americans, Democrat and Republican, have problems that can be solved.
FOMC, German Court’s ESM Ruling, And China August Data Dump: Economic Events for Sept. 10-14
September 07 2012 4:47 PM
The week is chock-full with data releases, but the Federal Reserve's policy meeting on Sept. 12-13 will carry the most weight.
The Week Ahead: Week of 9th September 2012
September 07 2012 2:19 PM
Is more QE on the way?- Is the ECB's big bazooka enough to save the Eurozone? - Conventional vs. Unconventional - the ECB vs. the Riksbank - Event risk in Europe next week - Can the UK's labour market continue to surprise on the upside? - RBNZ to hold
Honduras' Charter Cities: Potential Economic Miracles or New 'Banana Enclaves'?
September 07 2012 1:25 PM
Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
South Korea Offers North Flood Relief, Seeking To Thaw Icy Relationship
September 07 2012 1:15 PM
Official aid from the South to the North often goes through the Red Cross as a matter of formality and convenience.
Coke, GE Step In As Ex-Pariah Myanmar Opens To Foreign Investment
September 07 2012 12:45 PM
After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
August US Jobs Report Is Disastrous: 6 Takeaways
September 07 2012 11:22 AM
It's been three years since the Great Recession technically ended, and still, unemployed Americans are struggling to find work.
Pre-Opening Soy Complex Market Report 9/07
September 07 2012 10:55 AM
November soybeans are trading 8 cents lower near 7:30 am cst. Soybean meal and oil are trading lower as well. Malaysian Palm Oil prices fell overnight and posted their worst weekly performance since late July as traders expect rising stockpiles. There were no soybean or soybean meal deliveries overnight but 703 for oil to bring the total for the month to 5,944. Asian equity markets were sharply higher during overnight trading, with the Nikkei up 2.20% and the Shanghai A Share index up 3.70%. Eur...
Oil prices firm ahead of NFP data
September 07 2012 10:51 AM
Yesterday was all about the announcement of the details of the new bond buying program by ECB President Draghi. So far the market has viewed the new program as mostly bullish for risk asset markets especially the global equity markets. The reaction on the commodity side was much more muted than on the equity front. In fact oil prices surged higher only to closes in negative territory and at its lows. It was a technical reversal day to the downside for oil and one that is biased to the bearish si...
Morning Gold Market Report 9/07
September 07 2012 10:41 AM
The gold market got a big boost yesterday from ECB President Draghi's "unlimited" bond-buying plan. The news fed investor risk tolerance and lent support to the equity markets and metals in general. Strong private-sector jobs data and also lent support to the equities and helped them sustain their rally throughout the day, but it presented a mixed-signal to the precious metals markets. Traders are concerned that strong economic data would discourage the Fed from embarking on a quantitat...
Morning Silver Market Report 9/07
September 07 2012 10:40 AM
SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Silver was lower overnight as traders were cautious ahead of this morning's monthly jobs report. The market had rallied sharply yesterday off of optimism from the Euro-zone but traded back off its highs on stronger than expected ADP payrolls data and an improvement in weekly jobless claims.
Morning Copper Market Report 9/07
September 07 2012 10:38 AM
December copper posted large gains during overnight trading, with prices reaching their highest levels since mid-May. Shanghai copper prices reached a new 3-month high, with many traders pointing to news that China approved 1-trillion-yuan worth of infrastructure projects this week as a key supportive factor for the market. Sharp gains in Asian equity markets in reaction to yesterday's ECB meeting results and a slide in the Dollar down to a new 3 1/2-month low were also widely seen as positiv...
Chinese Defense Minister's Cash Gift To Indian Pilots Causes A Stir
September 07 2012 6:58 AM
China's Defense Minister General Liang Guanglie caused a stir, perhaps inadvertently, while on a visit to India by handing a cash gift of Rs. 100,000 ($1,800) to two Indian Air Force (IAF) pilots who flew him from Mumbai to New Delhi Monday, media reports said Thursday.
Tipping Point: The Art Of Paying Gratuities At Restaurants
September 07 2012 6:22 AM
I have never been certain if tipping was simply a 'courtesy' or the 'law.'
The Drinking Tiger: Asian Beer Consumption Goes Up, Heralding Prosperity
September 07 2012 6:21 AM
It's a sign of good times in the Eastern Hemisphere: beer is becoming more and more popular in Asia.
43 Killed As Earthquake Rocks Southwest China, Thousands Evacuated
September 07 2012 5:46 AM
At least 43 people were killed and over 150 injured when a 5.7-magnitude earthquake rocked southwest China's Yunnan and Guizhou provinces Friday, Chinese media reported.
European Markets Continue Upward Rally On ECB Move, German Export
September 07 2012 5:26 AM
The European markets continued the upward rally Friday, a day after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.
US Stock Futures Signal Higher Open Ahead Of Nonfarm Jobs Report
September 07 2012 5:15 AM
The U.S. stock index futures point to a higher open Friday ahead of the Bureau of Labor Statistics' nonfarm payrolls and unemployment reports.
Copper hits 7-week high after ECB, U.S. jobs eyed
September 07 2012 4:24 AM
London copper rose to its highest in more than a month on Friday and was on track to log a fourth week of gains in five, supported by the European Central Bank's plan to buy bonds to shore up the region's economy. Investors were also looking to a key U.S. jobs report later in the day for fresh clues on the health of the global economy, though an improved labor market could reduce pressure on the Federal Reserve to take steps such as a third round of bond buying, known as quantitative easin...
Asian Stocks Rally On ECB Move, China Stimulus Plan
September 07 2012 1:46 AM
Asian stock markets rallied Friday after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.