Minsheng Banking Corp will buy 9.9 percent of San Francisco-based UCBH Holdings for more than $200 million in the first strategic investment by a mainland Chinese bank in a U.S. bank.
The United States and Japan are locked in a dispute over Washington's demand that Tokyo shoulder more costs for water supplies and utilities at U.S. military bases in Japan, media reports said on Monday.
For years the preserve of globe-trotting merchants and secretive financiers, the trade in rare and valuable minerals known as minor metals is now on the radar of hedge funds searching for profits.
Asian stocks outside of Japan hit record highs on Monday, but the dollar headed lower after a solid U.S. jobs report failed to dampen expectations for a further cut in interest rates. European markets were also expected to rise. European stock markets were set to open slightly higher, extending five straight days of gains, but with Japanese markets closed and no major economic data expected out of the United States due to the Columbus Day holiday, trade was expected to be light.
Beyond the ongoing 'short-term' subprime crisis, the 'mega trends' that will shape banking and its growth in the long term will be globalization, the growth of capital markets and global asset growth and its impact on how it's managed, said Deutsche Bank's top corporate and investment banker.
The world moved into 'ecological overdraft' - the point where consumption exceeds the ability of the earth to sustain it.
Safety concerns following a spate of recalls of toys made in China are unlikely to have a big impact on holiday shopping, according to a new survey.
Detained opposition leader Aung San Suu Kyi's party dismissed the Myanmar junta's offer of talks as surreal on Friday, as a U.N. envoy warned of "serious international consequences" from its brutal suppression of pro-democracy protesters.
In the market for a new video iPod? Head to Hong Kong or, if Europe-bound, stop off in Switzerland. But best avoid Brazil.
Web search leader Google Inc said on Thursday it is closing the gap with rival Baidu in China, after years of trying to increase market share in the world's second-largest Internet arena.
Leaders of the two Koreas agreed on Thursday to try to bring peace to the Cold War's last frontier, just a day after the North signed up to an international deal to disable its nuclear facilities.
Flat screen maker LG.Philips LCD Co. Ltd. and two Taiwan rivals are set to post strong quarterly profits, and growing demand for flat screens and tight supply are likely to ensure a healthy market through 2008.
President George W. Bush on Wednesday held up North Korea as a possible model for resolving the Iranian nuclear standoff and reaffirmed a U.S. offer of talks if Tehran suspends uranium enrichment.
Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market.
North Korea has agreed to disable its Yongbyon nuclear reactor and provide a complete declaration of all nuclear programs by the end of the year, in a deal that won praise from U.S. President George W. Bush.
China, which makes 70 percent of the world's lightbulbs, has agreed to phase out incandescent bulbs in favor of more energy-efficient ones, part of a push by a leading world environmental funding agency.
The next head of the International Monetary Fund said on Monday that the multilateral organisation created to assist the world economy after World War Two needed to adapt to a new global economic order and downsize or die.
Talks aimed at reining in North Korea's nuclear programmes ended on Sunday to allow delegates to return to their home countries to discuss a "nuts and bolts" joint statement with their governments, the U.S. envoy said.
A row that began a year ago when Taiwan rejected Chinese crabs containing a banned substance has spread to other imports from pork to wheat.
Is The New China's Investment Agency the Road to Riches?
Over 100 American multinational companies and a number of trade organizations petitioned Congress to reject protectionist legislation against China in Thursday.
The Consumer Price Index (CPI) is expected to rise by 4.6 percent this year and by around five percent in the first half of 2008, according to a forecast by the Research Bureau of the People’s Bank of China.
