China raised interest rates for the third time since the height of the financial crisis in response to accelerating consumer and asset inflation. The inflation rate and the interest rate hikes in the country are stages of a normal economic cycle, although it's happening with an international twist.
U.S. stocks were set to open little changed at 2-1/2 year highs on Tuesday, with investors focused on corporate earnings and the impact of an interest rate hike by China on economic demand.
Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
China's central bank raised interest rates by a quarter-point to 6.06 percent on Tuesday, its second increase in just over a month, intensifying its fight against stubbornly high inflation.
U.S. stock index futures were little changed on Tuesday, with investors focused on corporate earnings and the impact an interest rate hike in China will have on global economic demand.
Alcatel-Lucent has developed lightRadio, a cube-shaped antenna that would fit in the palm of a hand, signaling an end to the current form of basestations and cell towers. lightRadio promises greener, simpler, lighter networks that the company says will radically shrink and simplify base stations and cell towers.....
China central bank raised interest rates for the second time in just over a month on Tuesday in a bid to rein in inflation as inflation stayed above 4 percent for a third month.
U.S. stock index futures were little changed on Tuesday, with investor focused on corporate earnings and the effects an interest rate hike in China may have on demand growth.
Military brass of both South and North Koreas met on Tuesday morning almost two months after an artillery exchange that destroyed an island near Seoul.
Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.
ArcelorMittal , the world's largest steelmaker, forecast a faster than expected recovery in demand and prices at the start of 2011 after a margin squeeze in the fourth quarter.
Groupon defends the Tibet ad aired during Super Bowl asserting that it takes all social causes extremely seriously.
Toyota Motor Corp <7203.T> is expected to report a huge drop in quarterly profits on Tuesday hit by tanking Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.
Toyota Motor Corp <7203.T> is expected to report a huge drop in quarterly profits on Tuesday hit by tanking Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.
Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
The United States and Brazil will pressure countries that keep their currencies undervalued, Treasury Secretary Timothy Geithner said on Monday, reinforcing an emerging alliance between the Western Hemisphere's two biggest economies at the expense of China.
U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
China MediaExpress Inc on Monday termed the research reports calling the company's financial results into question as misleading, and said its financial statements are backed by well known auditors.
A U.S. trade panel on Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
Bank of China Ltd and four other major state lenders will end preferential mortgage rates for first-time homebuyers in the southern boomtown of Shenzhen after the Lunar New Year holiday, a local newspaper said.
If yoga is all the rage, can Qigong be far behind?
U.S. regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
