Japanese Finance Minister Yoshihiko Noda said on Monday that market trust in the dollar and U.S. Treasuries has not wavered in the wake of a U.S. credit downgrade, indicating Tokyo's readiness to maintain its massive holdings of U.S. government bonds.
The United States and Europe must summon the political courage to overcome their debt crises or global economic recovery will be threatened, Chinese official media said on Monday, warning Washington against letting the dollar weaken.
Federal Reserve Chairman Ben Bernanke, an expert on the Great Depression, once promised that the central bank would never repeat its 1937 mistake of rushing to tighten monetary policy too soon and prolonging an economic slump.
Corrupt practices, nepotism, imagery and an inadequate education system responsible for lack of scientific spirit
The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country.
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Chinese economists said the U.S. credit rating downgrade by Standard & Poor's poses great risk to financial markets and expect it to prompt China, the world's biggest holder of U.S. Treasuries, to accelerate the diversification of its holdings.
Chinese authorities evacuated more than 200,000 residents from eastern Zhejiang province and cancelled more than 200 flights, as the region braced itself for a typhoon that could be the worst in the area in years.
China bluntly criticised the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.
China holds a large amount of U.S. debt. Xinhua, the official press agency of China, issued a commentary on Aug. 6 titled After historic downgrade, U.S. must address its chronic debt problems. The commentary stated that the days when debt-ridden Uncle Sam could leisurely squander unlimited overseas borrowing seemed to be numbered because S&P slashed the country's AAA rating for the first time.
Thirteen items belonging to the late kung fu legend Bruce Lee, including a hand-written letter and a fur-lined coat, are set to go under the hammer in Hong Kong at the weekend.
Hewlett Packard reduced the price of its TouchPad tablet computer again, highlighting the uphill battle manufacturers will need to overcome as they go head-to-head against the dominant Apple iPad line of tablets.
The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
In the event Monday witnesses a massive sell-off of Treasuries, bond yields would surge.
?We have total confidence in the solidity of the American economy,? Baroin told French radio.
China was quick to jump on Standard and Poor's (S&P) historic downgrade of U.S. debt.
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The last powerful storm to hit the Shanghai area, Matsa in 2005, killed 19 people.
Tolstoy thought unhappy families were unique in their unhappiness.
The biggest threat to China's grip on its ethnically divided far western frontier comes from homegrown anger exploding in violence, not from Pakistan-based terrorists officials have blamed for the latest bloodshed.
The crumbling of mega-merger talks between Japanese industrial behemoths Hitachi (6501.T) and Mitsubishi Heavy Industries (7011.T) threatens a rare opportunity for Japan to improve its global competitiveness by consolidating century-old companies.
