Boutique investment firms and top hedge funds are slowly lapping up the cream of global banking talent as the financial crisis forces banks to cut staff and limit the pay of their top risk-takers.
The World Bank lowered its forecast for China's 2009 economic growth on Wednesday but warned Beijing that it would be thwarting its own medium-term goals if it tried to offset the slowdown by further boosting investment.
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
Rio Tinto named a new chairman to help get a planned $19.5 billion tie-up with China's Chinalco approved, as Australian politicians opposed to the deal raised their level of protest on Tuesday.
Australian politicians turned up the heat against Rio Tinto Ltd/Plc's planned $19.5 billion tie-up with China's Chinalco, with one taking out television ads on Tuesday to push for the deal to be blocked.
UCBH Holdings, Inc said today it has recorded an additional loan loss about $40 million pre-tax, will allows the company’s fourth quarter net loss to $$82.9 million increase and 2008 full year net loss increase of $76.4 million from $50.1 million as previously reported.
No one yet has any real idea about when the global financial crisis will end, but one thing is certain: government budget deficits are headed into the stratosphere. Investors in the coming years will need to be persuaded to hold mountains of new debt.
A government office in an ethnic Tibetan part of China's southwestern province of Sichuan was hit by a bomb early on Monday but no casualties were reported, the official Xinhua news agency said.
The Vatican is launching a Chinese version of its website in an effort to bring more of Pope Benedict's message to China, whose communist government does not allow Catholics to recognize his authority.
Australia on Monday extended its review of Chinese aluminum maker Chinalco's $19.5 billion investment in global miner Rio Tinto, as major Rio shareholders voiced growing concern over the deal.
Shareholders in Rio Tinto Ltd/Plc are trying to overturn a controversial $19.5 billion investment in the mining group planned by Chinese state-owned Chinalco, a report said on Sunday.
WASHINGTON - U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.
China's Geely Automobile Holdings, considered a potential buyer of assets from struggling global auto giants, said foreign acquisitions would allow it to secure technology and new markets but it remains cautious about possible deals.
China warned the West not to put its fingers into Tibet as the anniversary on Saturday of riots in Lhasa passed with heavy security to prevent any challenge to Beijing's rule.
U.S. officials tried to reassure Chinese premier Wen Jiabao about his country’s investment $2 trillion investment in U.S. Treasuries after he expressed worries in the light of the current financial crisis.
More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.
Hong Kong shares jumped 4.4 percent in its fourth day of gains on Friday, leading the main index to its best weekly rise in a month and a half, with China stocks outperforming as investors continued to cheer hints of economic recovery in the mainland.
Premier Wen Jiabao said on Friday China was open to holding more talks with envoys for the Dalai Lama as long as the exiled Tibetan spiritual leader renounces what Beijing describes as separat
Japan joined the U.S. push for more government spending to fight the economic crisis on Friday but G20 unity looked seriously compromised after Paris accused Washington of disregarding the urgent need for tough market regulation.
The world needs to act urgently to avoid a global water crisis due to increased population, rising living standards, dietary changes and more biofuels production, the United Nations warned on Thursday.
