Massive policy stimulus should keep China growing at a respectable rate this year and next, but a robust recovery is unlikely given global weakness and soft non-government investment, the World Bank said on Thursday.
Oil rose toward $72 a barrel on Thursday as the dollar weakened, and bullish data on China and U.S. crude inventories helped lift sentiment.
Asian stocks retreated on Thursday, with some investors booking profits after solid gains in the second quarter sparked by signs the global economy is starting to recover.
China could still increase its holdings of U.S. Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, a former central bank governor said in an essay.
Oil paused at $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on China and U.S. crude inventories.
Oil paused above $71 a barrel on Thursday, as traders weighed a steady dollar against bullish data on Chinese fuel exports and U.S. crude inventories.
Nokia’s distributors in China boycotted the products of the Finnish phone giant in protest over heavy fines the company levied on them for selling outside their assigned territories.
The controversial software to filter pornography and other unsuitable websites may face another yet another hurdle. The developers of the Chinese filtering software ‘Green Dam’ may face legal charges from the California-based Solid Oak, makers similar filtering software.
China's National Bureau of Statistics (NBS) on Tuesday announced that the discrepancy between industrial output and power generation growth in May was due to industrial restructuring and the use of energy-efficient products.
The Shanghai Cooperation Organization (SCO), comprising Russia, China and four ex-Soviet Central Asian republics--Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan-- held their own summit Tuesday in the Russian Ural city of Yekaterinburg.
The first summit of BRICs (Brazil, Russia, India and China) ended on Tuesday in Yekaterinburg with robust consensus on more joint efforts to revive the world economy.
A Chinese girl who stabbed a local official to death has been released free on Tuesday but judged guilty of excessive force.
BRIC nations (Brazil, Russia, India and China) called for a more diversified global monetary system, but apparently failed to reach consensus Tuesday on reducing the dominance of the U.S. dollar.
The chief executive officer of Waste Management Inc, the No. 1 U.S. trash hauler, said on Wednesday that he expects to announce a partnership to build refuse-fired power plants in China within the next 20 days.
Rio Tinto and BHP Billiton's proposed iron-ore joint venture has a strong monopolistic flavor and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
China will start executing prisoners by lethal injection rather than bullets by the end of this year, state media said Tuesday.
Rio Tinto (RIO.AX) and BHP Billiton's (BLT.L) proposed iron-ore joint venture has a strong monopolistic flavour and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
The presidents of Russia and China on Wednesday called for a diplomatic push to resolve tensions over the nuclear programs of Iran and North Korea after wide-ranging talks in Moscow.
The Asian Development Bank (ADB) said on Wednesday it will up its investment in clean energy to $2 billion a year from 2013 to significantly dampen carbon growth and cut greenhouse gas emissions in the region.
Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight.
Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
