China's currency peg hurts U.S. exports but is also bad for the Chinese economy, since it prevents the country's authorities from running their own monetary policy, Federal Reserve Chairman Ben Bernanke said.
China's top telecommunications equipment maker Huawei Technologies said on Monday that it has established a security center in Britain to allow its products and software to be examined and tested.
Australian former Prime Minister Kevin Rudd told US Secretary of State, Hillary Clinton to be prepared to use 'force' against China, if it does not allow itself to be integrated into the international community, leaked US diplomatic cables reveal. Describing himself as a 'brutal realist', the former PM, who is also Australia's current Foreign Affairs minister, reportedly maintained that deploying force should be an option 'if everything goes wrong' with regards to the commun...
The global economic recovery is being led by large metropolitan cities accounting for about half of the global gross domestic product (GDP), said a report.
China needs to slow down its economy enough to cool inflation at home without putting a drag on growth in the rest of the world.
Iran has delivered the first consignment of locally produced raw uranium making its nuclear program self-sufficient, the country's top nuclear boss said on Sunday. The announcement came just a day before the Islamic republic is to resume the stalled nuclear talks with Germany and the permanent members of the U.N. Security Council on Monday and Tuesday in Geneva.
A weaker-than-expected US jobs data on Friday forced investors to sell dollars and seek shelter in precious metals, helping silver and palladium post two-digit weekly rise and reach fresh multi-year highs in the week to December 3. An IB times study on gold and dollar index suggests investor interest to sell dollar for buying gold probably increased in the week.
Ford Motors on Saturday said its China auto sales in November rose 35 percent compared to the sales recorded last year, led by sales in mid-sized car segment, such as Ford Fiesta and Focus model.
Six people were killed and 38 others injured in an explosion at an Internet cafe in southwest China, state news agency Xinhua said on Sunday.
China's inflation is unlikely to reach the heady levels seen in 2006-2008 because the economy is showing no signs of overheating, prominent economist Fan Gang said in comments published on Sunday.
The International Monetary Fund's chief Dominique Strauss-Kahn said on Saturday the global economic outlook was not that bad but uncertainties remained in the United States and Europe.
The hacking of Google Inc that led the Internet company to briefly pull out of China was orchestrated by two members of China's top ruling body, according to U.S. diplomatic cables released by WikiLeaks and cited by The New York Times on Saturday.
Blackstone Group's high-profile chief executive and co-founder Stephen Schwarzman is temporarily moving to Paris, a source familiar with the situation said on Saturday.
Germany on Saturday categorically denied a British newspaper report that Chancellor Angela Merkel warned Berlin might leave the euro during a heated exchange at a summit of European Union leaders at the end of October.
Led by strong demand in China, Japan and other Asian countries along with the various national-level initiatives and programs to promote the awareness on electric vehicles will help the Asia-Pacific region to surpass 1.4 million units in next five years, said a new report from Pike Research.
International law firm Cleary Gottlieb Steen & Hamilton plans to launch Hong Kong practice and wants Norton Rose's China corporate finance head Freeman Chan to lead the new team.
China will shift monetary policy from the current stance of relatively loose to prudent next year, reported the country's state-controlled media on Friday.
November's jobs data was shockingly bad and casts doubt on the optimism generated by upbeat economic reports from recent weeks.
German strength propelled the recovery of the euro zone's dominant services economy in November, surveys showed on Friday, after China declared a new prudent monetary stance to help regulate its fervent growth.
Spot Gold jumped over $1400 per ounce in wholesale dealing on Friday in London, holding onto an earlier drop vs. the Euro as the single currency rose sharply on news of weaker than expected US jobs growth in November.
Disparities in the global economy were evident on Friday with weak jobs data underscoring the long road to recovery in the United States while China and Brazil took steps to contain rapid growth.
U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal.
