General Electric Co said on Tuesday demand for its industrial products and sales in China will allow it to post strong profit growth in 2011 even as margins come under pressure from costs related to research and acquisitions.
General Electric Co said its industrial businesses will grow next year and accelerate in 2012, with revenue flat up to 5 percent in 2011.
The Obama administration has an ambitious goal of doubling U.S. exports over the next five years and creating two million U.S. jobs in the process.
Richard Holbrooke, a top U.S. diplomat who was a key figure in negotiating peace to end the war in Bosnia 15 years ago, and was the special envoy to Afghanistan and Pakistan, died on Monday.
After some seemingly hawkish moves in the past few weeks, Chinese policy makers adopted a dovish tone on Tuesday by easing the consumer inflation target to 4 percent for 2011.
The International Air Transport Association (IATA) estimated that airlines will earn net profit of $15.1-billion this year – a 70 percent jump from its previous forecast made only three months ago when it forecast profits of $8.9-billion. But the group warned that net profit margins in the airline industry are pathetic
The FT reported that market-making brokerage and bank J.P.Morgan has materially reduced its bets on lower silver prices, citing a person familiar with the matter.
China on Tuesday criticized a World Trade Organization (WTO) ruling yesterday that upheld the U.S. decision last year to slap duties on Chinese-made tires and said it will appeal to the global trade body. The Chinese commerce ministry repeated that the safeguard measures adopted by the U.S. on Chinese tire imports were protectionist and counter-productive.
An escalation of trade tensions between China and the U.S. may involve protectionist measures on the U.S. side and the creation of exclusionary Asian trade walls on China's side.
Members of the World Trade Organization are showing new energy and determination to reach a global trade deal but must now abandon fixed positions to clinch the agreement, the head of the WTO said on Tuesday.
German economic sentiment rose more than expected in December, posting an increase for a second consecutive month.
Japan will lower the corporate tax rate by 4.5 percent to spur the economy out of deflation, Nikkei reported on Tuesday.
Dell will likely spend $250 billion in China on procurement and other investments over the next 10 years as it expands in the world's No. 2 PC market, the head of its China operations said on Tuesday.
China will steer clear of an aggressive increase of benchmark interest rates because higher rates will only attract additional hot money inflows, a senior government researcher told the Reuters China Investment Summit.
BP said it had agreed to sell a portfolio of oil and gas assets in Pakistan to Hong Kong-listed United Energy Group <0467.HK> for $775 million as it raises cash to pay for the Gulf of Mexico oil spill.
China will set a 4 percent target for consumer inflation next year, up from this year's 3 percent objective, state television said on Tuesday, an indication that the government will desist from aggressive tightening even as price pressures mount.
Stock index futures were little changed on Tuesday, with futures for the S&P 500 flat, Dow Jones futures down 0.03 percent and Nasdaq 100 futures up 0.11 percent at 0930 GMT.
The dollar fell to a three-week low against the euro and Treasuries steadied ahead of a Federal Reserve policy meeting on Tuesday, while stocks held near a two-year peak, supported by optimism over Chinese growth.
Asian stocks advanced on Tuesday, supported by optimism that China would shun aggressive measures to curb inflation that could inhibit its strong economic growth or blunt its voracious demand for raw materials.
China will probably target about 7.5 trillion yuan ($1.1 trillion) in new loans next year, level with its 2010 target, a leading official newspaper reported on Tuesday, an indication that policy could be slightly looser than expected.
The finance minister of debt-troubled Portugal is in Beijing, China to try to convince Chinese government authorities to purchase Portuguese government bonds.
Texas Instruments is betting massive new output capacity will help it extend its lead in analog chips over the next few years but said it won't use aggressive pricing to grab market share in the meantime.
