CHINA

IBTimes Logo

China labour disputes, rising yuan

A increase in labour disputes between management and workers in China, mostly at foreign-owned factories in the southeast, has raised questions about the country's future as a low-cost manufacturing centre.

Motorola sues Huawei for trade secret theft

IBTimes Logo
U.S. mobile phone maker Motorola Inc has sued China's Huawei Technologies Co for alleged theft of trade secrets, highlighting the fast-growing Chinese firm's difficulty in shaking the nation's reputation for piracy.

China economists see strong growth, no second stimulus

IBTimes Logo
China is expected to maintain strong growth in the rest of this year and there is no need for a second stimulus, government economists said in remarks published on Thursday. The State Information Center, a think tank under the National Development and Reform Commission, forecast economic growth of 9.5 percent this year, which would be close to the average for the past 30 years and reflect China's reasonable growth potential, the official China Securities Journal reported.
IBTimes Logo

Baidu beats Wall Street profit, revenue targets

Chinese Internet company Baidu Inc more than doubled its second-quarter profit, beating Wall Street expectations, as a surge in new advertising customers helped boost the company's revenue.
More news
IBTimes Logo

Copper soars high again

If you haven't paid due attention to the movements of copper prices in the market, this is the right time to do so. Copper inventories fell further as measured by the London Metals Exchange, by 0.8 per cent to 423,850 tonnes, the lowest level since November 20. Copper supplies are down a staggering 16 per cent this year.
IBTimes Logo

Oil eating bacteria helps clean China oil spill

China's experiment with oil eating bacteria to help clean oil spill areas in its northeast coast near Dalian city was proved to be a success, said country's Maritime Safety Administration. It's the first time that China is making use of bio-technology and bio-oil-absorbing products to solve an environmental pollution issue.
IBTimes Logo

U.S. targeting China in new anti-piracy drive

The United States will make China a significant focus of its beefed-up efforts to fight global piracy and counterfeiting of U.S. goods ranging from CDs to manufactured products, a U.S. official said on Wednesday.
IBTimes Logo

Lenovo plans Android tablet PC in growth push

Lenovo Group, the world's No.4 PC brand, said it will roll out its own tablet PC, becoming the latest technology company to jump on the bandwagon for computers styled after Apple Inc's popular iPad.
IBTimes Logo

Gold ticks lower as equities jump

Gold edged down on Wednesday as investors shifted some of their money into firming equities, while a drop in ETF holdings could prompt more selling as bullion struggles to hold above $1,190 an ounce. Although purchases from jewelers offered some support, trading was thin ahead of euro zone bank stress test results this week, which some analysts say could soothe concerns about how European banks would cope with deterioration in the region's economy and financial markets.
IBTimes Logo

Asia shares rise on Apple earnings and China

Asian stocks rose on Wednesday as investors cheered Apple's strong earnings and on optimism that China may roll back policy tightening measures later this year, while the euro firmed ahead of euro zone's bank stress test results late in the week.
IBTimes Logo

Oil up ahead of data as equities pare losses

Oil rose on Tuesday, bouncing as U.S. stocks came off their early lows and ahead of weekly oil inventory reports expected to show crude supplies fell last week. U.S. crude for August delivery rose 61 cents to $77.15 a barrel by 11:57 a.m. EDT. The August U.S. crude contract expires on Tuesday. The more liquid September contract traded 57 cents higher at $77.47.
IBTimes Logo

Another Foxconn worker falls to death: report

A Chinese worker at an affiliate of Foxconn Technology, which has suffered 10 suicides this year, died on Tuesday after falling from the sixth floor of a dormitory building in Guangdong Province, Xinhua news agency reported.
IBTimes Logo

Oil little moved near $77, lower shares weigh

Oil was little changed on Tuesday, pressured by declines in European stock markets but supported by expectations that U.S. industry data due later in the day would show a fall in crude inventories. European .FTEU3 shares fell, dragged lower by weakness in bank stocks as investors braced for results from Goldman Sachs (GS.N) due before the opening of the U.S. stock market.
IBTimes Logo

China satisfied with Google search engine tweak

China is satisfied that U.S. Internet giant Google Inc is complying with Chinese laws after it tweaked the way it directs users to an unfiltered search page, a senior official said on Tuesday.
IBTimes Logo

Investors rush to regain emerging market exposure-EPFR

Emerging markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday. Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds took in $745 million, bringing their year-to-date inflows to an all-time high of $18.5 billion.
IBTimes Logo

Oil rises to $77 on expected U.S. inventory drop

Oil climbed to $77 on Tuesday as forecasts for a fourth consecutive weekly drop in U.S. crude inventories bolstered the positive influence of rising stock markets in most of Asia. Shares of resource firms and banks clawed back some of their recent losses, helping to boost U.S. crude for August by 47 cents to $77.01 a barrel at 0644 GMT (2:44 a.m. EDT) for a second straight day of gains.
IBTimes Logo

China downcast on exports as EU debt woes bite

China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.
IBTimes Logo

Baidu promotes fake drug sites-Chinese TV station

A report by China's state-run television station accusing Baidu Inc of promoting counterfeit drugs through its Web search engine should not prove as damaging as a 2008 TV critique that triggered a 40 percent decline in Baidu's shares, analysts said on Monday.
IBTimes Logo

U.S. debt prices slip in light trading

U.S. Treasury debt prices slipped on Monday, but volume was scant and analysts said the day's market action would be driven mostly by the stock market. The yield on the benchmark 10-year Treasury note, which had fallen to 2.93 percent by Friday's close as stocks suffered their worst one-day drop since June, was trading at 2.95 percent, while its price was off by 6/32.
IBTimes Logo

Oil jumps over $77 as U.S. stock market opens up

Oil jumped more than $1 on Monday, lifted above $77 per barrel by equities markets after U.S. stocks opened higher on Wall Street. The move, supported by early signs of improving oil demand, put oil on track to break three straight days of lower settlements on concerns about slowing economic recovery and gloomy consumer sentiment.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.