A strong global economic recovery is under way, and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of an asset bubble in China, a top U.S. Federal Reserve official said on Monday.
The Agricultural Bank of China is seeking to raise over $23 billion by listing in Hong Kong and Shanghai, in what would be the world's biggest IPO, as China's banks shore up their capital base after a lending spree.
Stock index futures pointed to a higher open on Wall Street on Monday, adding to last week's gains and tracking gains in global equities, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.6 percent at 0821 GMT.
World stocks headed for a fourth straight day of gains on Monday as investors banked on global economic recovery to trump concerns such as euro zone sovereign debt in providing a positive backdrop for corporate earnings.
Workers at a factory making locks for Honda Motors cars in China remained on strike on Sunday, two workers said, although Honda said the dispute had been resolved and production had resumed.
The Agricultural Bank of China is seeking to raise more than $23 billion through a dual Hong Kong and Shanghai listing, according to documents on Monday, putting it on course for the world's biggest IPO.
A strike at a Honda Motor parts supplier in southern China could augur broader demands across China's vast manufacturing belt as workers seek a bigger piece of the nation's growing economic wealth.
Some production had resumed on Monday at a strike-hit factory making locks for Honda Motor Co in China, a spokesman said, amid reports the plant was looking to replace striking holdouts.
Workers at a factory making locks for Honda Motors cars in China remained on strike on Sunday, two workers said, although Honda said the dispute had been resolved and production had resumed.
U.S. lawmakers risk poisoning the atmosphere with China through proposed laws aimed at the yuan currency, China's official news agency said on Sunday, calling Congress members baby kissing incompetents.
Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organisation rules, China's Ministry of Commerce said on Saturday.
Proposed U.S. legislation aimed at punishing China unless it lets the yuan rise would not be in line with World Trade Organization rules, China's Ministry of Commerce said on Saturday.
After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract fell back again on Friday on news of an unexpected decline in retail sales in the U.S.
A U.S. trade panel will investigate allegations made by HTC Corp that Apple infringes its technology, as HTC seeks to win a ban on the U.S. sale of iPhones, iPads and iPods.
Google Inc is working with U.S. and European officials to build a case that would argue Internet censorship acts as a trade barrier, a top company executive said on Friday.
Chinese inflation quickened to a 19-month high in May, but a moderation of growth in factory output and capital spending eased worries for some analysts that the world's third-largest economy could boil over.
Workers at a lock factory in southern China that supplies Honda Motor Co challenged managers on Friday, demanding higher pay and freedom to form independent unions, banned in the export powerhouse.
Like the risk-on, risk-off volatility that has buffeted global markets this year, China's currency policy has been subjected to bouts of pressure and criticism from abroad interspersed with periods of calm.
Rumaila, the workhorse of Iraq's oil industry and its largest producing oilfield, is buzzing with activity as executives, engineers and drillers begin a massive overhaul to nearly triple its million barrels per day output.
Oil prices fell to near $75 a barrel on Friday after gaining about 5 percent this week as investors weighed prospects that the European debt crisis could slow fuel demand growth even in emerging markets such as China.
We expect the strong export numbers in May to increase international pressure on the currency issue. On the other hand, the weakened euro and domestic wage pressures are likely to limit the size of any appreciation in the near term.
Stock index futures pointed to a slightly higher open on Wall Street on Friday following the previous session's strong gains, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.19 percent and Nasdaq 100 futures up 0.15 percent at 0944 GMT.
