State-owned Bank of China Ltd has opened trading in the yuan currency to U.S. customers, according to a posting on the bank's website dated December 2010.
Douglas Clayton, chief executive officer of investment fund manager Leopard Capital, is one of the premier investors of the frontier markets. Based in Phnom Penh, Cambodia, Clayton speaks to IB Times about the ramifications of Laos opening a stock exchange.
The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top U.S. business group said on Tuesday.
China is studying a proposal from the U.S. to begin strategic security talks that would cover nuclear arms, missile defense, space and cyber issues, as the countries seek to improve their military-to-military relations.
UBS Securities upgraded PC giant Hewlett-Packard to buy from neutral, citing improving growth prospects for the majority of HP's segments through 2011.
Traders are talking about buying dips again, concurs a Hong Kong dealer, noting that Asia physical market remains very tight for Gold Bars. Reuters says the Hong Kong premium for wholesale Gold Bars over benchmark London prices today held at $3 per ounce, a near 30-month high.
Topics of this interview include Scott Carter highlighting the global dynamic of today's interest in gold, and how macro-economic trends continue to drive the decade long bull market of the precious metals. We also evaluate the possibility of seeing QE3 in 2011.
Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.
Britain now intends to focus on growth as Prime Minister David Cameron urged the importance of trade to the country's business ambassadors. Cameron urged the ambassadors to 'sell Britain' to the rest of the world, and emphasized on the importance of growth.
Statistics released by the People’s Bank of China on Tuesday showed the Chinese forex kitty is bursting at seams with an 18.6 percent growth in 2010 which made it zoom to a record $2.85 trillion.
China has carried out a test flight of its advanced laser-evading stealth fighter J-20, media reports have said, perfectly timing the event to coincide with the visit of U.S. Defense Secretary Robert Gates to the country.
Mobile broadband subscriptions are on track to surpass 1 billion in 2011 only months after reaching half a billion, Ericsson said on Tuesday, highlighting a key growth driver for the telecom sector.
As the European debt crisis worsens there appears to be more help coming from Asia, with Japan on Tuesday offering to buy Irish bonds coming up for sale this month.
China overshot its bank loan target in 2010 and finished the year with money growth still running too fast, underscoring the need for more decisive policy tightening to keep inflation in check.
Portugal has no plans to seek a bailout from the EU and IMF, and the government is doing everything possible to avoid doing so, Finance Minister Fernando Teixeira dos Santos said.
China has arrested more than 4,000 people for violating intellectual property rights since November and will enforce tougher punishments to combat the rampant problem, a senior government official said on Tuesday.
Dr. David Lynn, author of a book on commercial real estate investing in emerging market countries (specifically China, India and Brazil), shares his insights with IBTimes regarding why this class of asset is an attractive investment.
The U.S. Consumer Product Safety Commission (CPSC) is setting up its first overseas office for consumer product safety after failing to persuade makers of defective Chinese drywall to compensate affected U.S. homeowners.
The Gold Price in Euros whipped within 1.5% of last month's all-time record highs in London trade on Monday, as weaker-economy Eurozone bonds fell sharply on a raft of bail-out rumors and leaks.
News Corp's Myspace the struggling social network site, the could be Facebook site is due to lay off 500 to 600 employees.
Futures on major U.S. stock indices point to lower opening on Monday with futures on the S&P 500 down 0.58 percent, futures on the Dow Jones Industrial Average down 0.42 percent and Nasdaq100 futures down 0.40 percent.
Data showed on Monday the Chinese trade surplus narrowed in December, easing the conflict between Beijing and Washington over rising U.S. trade deficit even as Chinese President Hu Jintao is scheduled to meet President Obama in the White House on January 19.
