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Petrodollars Increasingly Fueling Global Imbalances

The world's attention is firmly turned toward Asia when it comes to widening imbalances in global trade and investment, soaring foreign-exchange reserves and the dollar's structural weakness.

Tightening China Keeps Stronger Yuan in Reserve

After serving a rise in lending rates as an unexpected appetizer, will China dish up a speedier climb in the yuan as the main course of its monetary tightening?

Commodities hold key to economic power

Raw material resources will determine country rankings in the world economic pecking order in years to come as strong demand and limited supplies ensure commodity prices hold their upward trajectory.

Stocks Rise on Bernanke's Rate Pause Suggestion

U.S. stocks rose on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause in its 22-month campaign of raising borrowing costs, lifting shares of interest-rate sensitive companies such as banks and utilities.

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G7, Dollar May Slip Against Asian Currencies

While financial markets may not react dramatically to the Group of Seven's charge to China to let its yuan currency rise, the events of the weekend will likely further erode faith in the U.S. dollar.

Yuan could rise a bit more quickly--China's Zhou

China's yuan currency can probably begin to rise more swiftly given the reforms Beijing has put in place, but gradualism is still the guiding philosophy, the head of China's central bank said on Saturday.

Dollar Hits 3-Mth Low vs Yen as G7 Presses China

The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates. The dollar slid about 1 percent to three month lows against the yen in early trade on Monday after Group of Seven countries singled out China in their call for more flexibility in exchange rates.

Ministers OK Plans to Deal With Oil Prices

Finance ministers endorsed proposals Sunday intended to make it easier for international lending institutions to deal with soaring oil prices, trade gaps and other problems that threaten to derail growth.

More Chinese banks seen listing at home

Chinese banks will increasingly opt to list shares at home as China's financial markets mature, a senior banking regulator said on Saturday.

China's Hu pledges better Sino-US trade

Chinese President Hu Jintao pledged to President George W. Bush on Thursday that China will make more trade concessions and does not seek an excessive trade surplus with the United States.

Oil Prices Hit Record $72

Oil surged to a record high above $72 on Tuesday on concern that Iran's nuclear stand-off with the West could cut oil exports from the world's fourth-largest crude exporter.

China Issues Rules on Offshore Investing

China's banking regulators on Tuesday issued rules for commercial banks to invest client funds offshore, an important step toward opening up the country's tightly controlled foreign exchange regime.

China bank: No Bear Stearns talks

China Construction Bank, one of the country's largest state banks, denied on Monday a newspaper report it is in early talks with Bear Stearns that could lead to its taking a minority stake in the Wall Street securities firm.

Chinese bank denies in talks on Bear Stearns stake

China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank.

China needs policy changes to trim reserves: paper

China must do more to stimulate consumption and tweak investment policies if it wants domestic purchases of foreign currencies to trim its swollen foreign exchange reserves, an official paper said on Saturday.