CHINA

OECD says downturn close to bottom

IBTimes Logo
The economic outlook has improved for the first time in two years but soaring unemployment and ballooning budget deficits could knock a weak recovery off track, the OECD said on Wednesday.
More news
IBTimes Logo

China's top dissident arrested for subversion

One of China's best known dissidents, Liu Xiaobo, has been formally arrested on suspicion of inciting subversion, following his detention late last year for promoting a petition calling for an end to one-party rule.
IBTimes Logo

China says North Korea a serious concern

North Korea's nuclear ambitions area serious concern for Beijing and should be addressed through further dialogue, a senior Chinese military officer said on Wednesday after talks with Pentagon officials.
IBTimes Logo

Pentagon approves creation of cyber command

The Pentagon will create a Cyber Command to oversee the U.S. military's efforts to protect its computer networks and operate in cyberspace, under an order signed by Defense Secretary Robert Gates on Tuesday.
IBTimes Logo

U.S., EU act against China on raw material exports

The United States and European Union took action against China on Tuesday for restricting exports of industrial raw materials, intensifying a trade struggle at a delicate time for the global economy.
IBTimes Logo

Obama receives gift from Lord of the Flycatchers

A Chinese inventor has sent his patented ultrasonic flycatcher to an international organization, which he hopes will pass it on to US President Barack Obama as a gift, Xinhua reported on Tuesday.
IBTimes Logo

U.S., EU start WTO case against China on raw materials

The United States and European Union on Tuesday began a case against China at the World Trade Organization over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favor of its own industries.
IBTimes Logo

Brazil booms again on real estate stage

The Brazilian real estate market is booming again after fizzling at the end of last year as sales have rebounded in one of the best emerging markets, a New York-based real estate private equity investor said in an interview on Tuesday.
IBTimes Logo

Asia’s biggest iron ore mine found in Benxi China

A huge iron ore resource with more than three billion tons’ of proven reserves has been found in China's Benxi, Benxi Municipal Government said on Tuesday, making it one of the biggest iron ore mines in Asia.
IBTimes Logo

Anglo American up on Chinalco bid talk

Shares in Anglo American Plc, which rejected a $68 billion merger approach from rival Xstrata Plc, edged higher on Tuesday on market talk of a possible bid from Aluminum Corp of China (Chinalco), dealers said.
IBTimes Logo

EU recovery hopes punctured

A stumble in sentiment punctured hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming trade dispute over raw materials.
IBTimes Logo

Data dent EU recovery hopes; China trade row looms

A stumble in sentiment dented hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming dispute over raw materials.
IBTimes Logo

Policymakers caution on global economy

China's economy is headed in the right direction but the foundations of the recovery are not yet solid, a Chinese central bank official said on Tuesday, adding to a chorus of voices cautioning against expectations of a rapid rebound from the global crisis.
IBTimes Logo

PetroChina offers $1.02 B all-cash buyout for SPC

PetroChina Company Limited announced on Sunday that it had completed purchase of 45.51% shares of refiner Singapore Petroleum Co (SPC) and would make a buyout offer for the rest of its shares in cash.
IBTimes Logo

China to abolish tariffs, spur trades

China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement on Monday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.