CHINA

IBTimes Logo

Ford names Geely preferred Volvo cars bidder

Ford named a consortium led by China's Zhejiang Geely Group Holding Co. as preferred bidder for its loss-making Swedish unit, Volvo Car Corp., but said more detailed talks were needed before any final agreement.

Asian shares slide, Aussie dollar hit by rate talk

IBTimes Logo
Asian shares fell on Wednesday after a dip in U.S. consumer confidence revived worries about the pace of economic recovery, while the Australian dollar hit a two-week low as inflation data pared bets on an aggressive rate rise.

U.S. consumer confidence up for first time since 2007

IBTimes Logo
Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.
More news
IBTimes Logo

Wall St falters after weak consumer confidence

U.S. stocks fell in choppy trading on Tuesday as a worse-than-expected consumer confidence report overshadowed earlier data that showed home prices rose for the fourth-straight month.
IBTimes Logo

India, China, Russia seek role in Afghan policy

The foreign ministers of Russia, China and India said on Tuesday that the world must remain engaged in Afghanistan, with Moscow seeking a greater role for regional powers in stabilising the war-torn country.
IBTimes Logo

China says two executed for Tibet riots

Two people have been executed in China for their involvement in deadly riots in Tibet last year, the Chinese Foreign Ministry said on Tuesday, the first officially confirmed to have been carried out.
IBTimes Logo

U.S. welcomes yuan rise so far, wants more

The United States welcomes the rise in the yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said on Tuesday.
IBTimes Logo

Futures cut gains amid corporate results

Stock index futures cut earlier gains on Tuesday with S&P 500 futures turning flat as investors took in the latest round of corporate results and awaited key data on consumer sentiment and home prices.
IBTimes Logo

Oil rises above $79 ahead of inventory data

Oil rose above $79 a barrel on Tuesday, up after three straight days of decline as investors awaited new leads from equities markets and weekly crude inventory data from the United States.
IBTimes Logo

Honda nearly triples outlook, more upside seen

Honda Motor surprised investors with a near tripling of its annual profit forecasts, bumping it further ahead of Japanese rivals thanks to a dominant motorcycle business and line-up heavy in small cars.
IBTimes Logo

Oil pauses below $79 ahead of inventory data

Oil paused below $79 a barrel on Tuesday, steady after three straight days of decline as investors awaited new leads from equities markets and weekly crude inventory data from the United States.
IBTimes Logo

Baidu's rare stumble offers rivals opportunities

Baidu's hasty move to a new Internet ad system marks a rare stumble for China's dominant search engine, opening a window of opportunity for others salivating for a piece of the country's fast-growing online market.
IBTimes Logo

GM's CEO has very good outlook on Brazil: report

General Motors said Brazil's car market has a very good outlook and the automaker will reinvest profits from the country's unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.
IBTimes Logo

Global stocks edge higher; China report hits dollar

A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.