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Global economy on recovery path, risks remain: IMF chief

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.

Growth China's top priority, inflation key risk-NDRC

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China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday.
IMF Chief

Global Economy on Recovery Path: IMF

Though there are signs of recovery, the debt crisis in the developed markets and rising oil prices add to the risk factors looming large over the global economy.
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Bain Capital and Chinese Surveillance

Bain Capital: Is Romney Profiting From Surveillance In China? Obama Campaign Cries Hypocrisy

As China's Communist Party government continues to ramp up surveillance on political dissidents, it is becoming increasingly questionable ethically for the companies that provide it with the relevant technology and services. One such company, owned by the Mitt Romney-founded private equity firm Bain Capital, stands to profit from the country's domestic security boom.
People walk behind the logo of Swiss bank UBS in Zurich

China's Cinda Gets $1.6B From UBS, 3 Other Investors

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
UPS

UPS Still In Takeover Talks With TNT Express

U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.
Maoist politician Bo Xilai was fired from his position as the Communist Party Chief of Chongqing

Bo Xilai Fired: What His Downfall Means For China

Bo Xilai has been sacked from his position as the Communist Party Chief of Chongqing. The state-owned Xinhua News Agency’s coverage of the event was brief and unceremonious, belying its critical significance.
North Korean leader Kim Jong-Un waves during a military parade in Pyongyang

North Korea's Planned Rocket Launch Alarms South Korea, US, Japan

North Korea will launch a long-range rocket carrying a satellite into space next month. The earth observation satellite will be set into orbit between April 12 and April 16, which will coincide with the nationwide celebrations for the birth of the country's founder, Kim Il-sung.
Weibo

Chinese Microbloggers Bemoan Identity Disclosure Rule

Living in one of the world's most heavily censored societies, Wang Yong enjoys anonymously venting his daily frustrations, 140 characters at a time, via China's version of Twitter, but new government restrictions are making him think twice.
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China halts 10 more Airbus orders: sources

China has suspended the purchase of 10 more Airbus jets, two people familiar with the matter said on Thursday, raising the stakes in a potentially damaging trade row over European Union airline emissions charges.
pump

US Consumer Prices Likely Hit 10-Month High In Feb: Preview

The U.S. cost of living probably increased last month on higher gasoline prices, economists said before Friday's CPI report. But the Federal Open Market Committee said earlier this week that the surge in energy prices is temporary and inflation will stay below the Fed's 2 percent target in 2012.

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