CHINA

IBTimes Logo

Retailers seek to rein in recovery optimism

Retailers sought to dampen hopes of a quick recovery from recession at an industry summit this week, warning a legacy of over-expansion, changing consumer habits and online competition could curb growth for years.

Asia pledges common fight against flu

IBTimes Logo
Asian countries agreed on Friday to boost drug stockpiles, share essential supplies and tighten surveillance against an H1N1 flu virus that posed an imminent health threat to the region.

Asian shares gain ahead of U.S. jobs data

IBTimes Logo
A recent surge in Asian shares lost steam ahead of U.S. monthly jobs data later on Friday that may signal whether the global economy has indeed hit bottom, after stress tests on U.S. banks offered no real surprises.
IBTimes Logo

Toyota sees $8.6 billion annual loss

Toyota Motor Corp , the world's biggest automaker, forecast a much bigger-than-expected $8.6 billion annual loss and said it would sell about 1 million fewer vehicles this year, leaving it desperately trying to cut costs in the grip of a severe market downturn.
More news
IBTimes Logo

U.S. envoy in China seeking North Korea strategy

The U.S. envoy for North Korea began a swing through Asia on Thursday to seek support from regional powers to rein in North Korea, which may be preparing to rattle security with a second nuclear test.
IBTimes Logo

Volvo auction moves ahead; decision possible soon

Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
IBTimes Logo

Afghanistan's only pig quarantined in flu fear

Afghanistan's only known pig has been locked in a room, away from visitors to Kabul zoo where it normally grazes beside deer and goats, because people are worried it could infect them with the virus popularly known as swine flu.
IBTimes Logo

Haiti rejects Mexican aid ship due to flu fears

Haitian officials rejected a Mexican ship carrying mostly needed food aids due to swine flu fears. The news came Wednesday as Mexico ended a five-day shutdown designed to contain the virus.
IBTimes Logo

GM to reopen talks with UAW this week

General Motors is set to resume negotiations with the United Auto Workers union this week and believes everything should be open for discussion, the company's chief executive said on Tuesday.
IBTimes Logo

China says concerned by U.S. naval incident

China said on Wednesday it was concerned after a standoff in the Yellow Sea between a U.S. Navy surveillance ship and two Chinese fishing vessels, accusing the U.S. vessel of contravening international laws.
IBTimes Logo

China hydropower subprime carbon flood may slow

China's booming hydropower sector is facing mounting criticism for generating subprime carbon credits from projects that don't need extra earnings to succeed, raising the risk of tougher rules and putting billions of dollars of clean energy investments at risk.
IBTimes Logo

BofA and Citi shares sink on stress test worries

Bank of America needs $34 billion in extra cash, a source familiar with U.S. government stress tests on leading banks told Reuters, unsettling markets and stoking talk of a possible asset sale in China.
IBTimes Logo

Wal-Mart enters China's convenience store market

Wal-Mart , the world's top retailer, said on Wednesday it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
IBTimes Logo

Yen rises, stocks slip on Bank of America needs

Stocks slipped and the yen rose on Wednesday after news Bank of America needs $34 billion in extra capital startled investors who had grown more comfortable with risk ahead of official results of stress tests on U.S. banks due on Thursday.
IBTimes Logo

Bankruptcy judge mulls Chrysler plan, GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
IBTimes Logo

Bankruptcy judge mulls Chrysler plan as GM talks loom

A U.S. bankruptcy judge on Tuesday considered whether Chrysler LLC could move forward with its plans for a quick sale of most of its assets while rival General Motors Corp prepared to resume talks with its union and detailed a plan that could shift majority ownership control to the U.S. government.
IBTimes Logo

Oil slips after setting 2009 high near $55

Oil slipped from its highest price this year near $55 a barrel on Tuesday as bulging oil inventories and falling energy demand outweighed fragile hopes for an economic recovery.
IBTimes Logo

Chinese, Mexicans return home as flu fears ease

Mexico was flying home dozens of its citizens on Tuesday quarantined in China over fears of a new flu virus and announced plans to revive its economy hit by the deadly epidemic, which showed signs of easing.
IBTimes Logo

China to stage 50,000-troop military drill: report

China's People's Liberation Army will hold a big training drill later this year to hone the modernizing force's skills in complex, high-tech warfare, the official Xinhua news agency reported on Tuesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.