CHINA

IBTimes Logo

HSBC upbeat on Asia as profit hits $22 billion

HSBC Holdings Plc , Europe's biggest bank, predicted growth in Asia and other emerging markets would outweigh sluggish European economies this year as it posted a $21.9 billion profit for 2011, the best outturn by a western bank so far.

HSBC profits hit $22 billion on Asia growth

IBTimes Logo
HSBC Holdings , Europe's biggest bank, made a $21.9 billion profit last year, the largest among western banks, as its strength in Asia helped it cope with a euro zone debt crisis that has plunged many rivals into huge losses.

China calls for steps on euro zone crisis

IBTimes Logo
China on Monday called for steps to address the euro zone debt crisis, high oil prices and volatile capital flows, adding that Group of 20 nations should focus on ensuring a global economic recovery and financial market stability.
More news
Steam is emitted from an oil refinery in Yokohama, south of Tokyo January 26, 2011.

Bank of Japan Keeping an Eye on Easing's Effect on Crude-Oil Prices

Bank of Japan Gov. Masaaki Shirakawa said on Saturday policy makers are closely watching the impact of looser monetary policy on crude-oil prices. Along with the European Central Bank and the U.S. Federal Reserve, the Bank of Japan is taking unconventional steps to boost the economy.
IBTimes Logo

BRICS to look at bid for top World Bank job

The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.
IBTimes Logo

BRICS call for open selection of next World Bank chief

A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday.
Demonstrators hold a large Syrian opposition flag during a protest against Syria's President Bashar al-Assad in Kafranbel near Idlib February 24, 2012.

Syrians Stuck in Homs Say the World is Failing Them

The Syrian military took its bombardment of the rebel-held Baba Amro district of Homs into a fourth week on Saturday as the Red Cross attempted to evacuate more distressed civilians from the city. At least 28 people were killed in Syria on Saturday, including nine in Homs.
A European Union flag is seen in front of the Parthenon temple in Athens

Euro Zone Decision on Bailout Funds' Size Likely to be Delayed

Leaders in the euro zone may not be able to meet international demands to bolster their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, officials in the euro zone said.
IBTimes Logo

World Bank chief says U.S. should lead some global bodies

A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
U.S. Secretary of State Hillary Clinton and World Bank President Robert Zoelick take part in a ceremony marking World Water Day at World Bank Headquarters in Washington, March 22, 2011.

U.S. Should Lead Some Global Bodies: World Bank Chief

A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
Evacuations in Syria as diplomatic pressure mounts

Evacuations in Syria as Diplomatic Pressure Mounts

The first wounded and sick women trapped in the most embattled district of the Syrian city of Homs have been evacuated, and talks were held to evacuate more on Saturday, while pressure mounted on President Bashar al-Assad's government to call a ceasefire and let in humanitarian aid.
Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group

G-20 Deal on Euro Zone Will Not be Reached This Weekend

World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
Syria Protest

Evacuations from Homs Begin; Arabs Press for Action

The first wounded and sick women trapped in the most embattled district of the Syrian city of Homs have been evacuated, and talks were held to evacuate more Saturday, while pressure mounted on President Bashar al-Assad's government to call a ceasefire and let in humanitarian aid.
Xie, a lawyer representing Proview Technology (Shenzhen), speaks to reporters in front of the Shanghai Pudong New Area People's Court

Apple's Tactics in China iPad Deal Unusual, Legal Experts Say

Proview Electronics, the firm trying to stop Apple Inc from using the iPad name in China, has a plausible claim over the unusual methods Apple used to conceal its identity when attempting to acquire Proview's trademarks, according to several legal experts.
IBTimes Logo

Apple tactics in China iPad deal unusual: experts

Proview Electronics, the firm trying to stop Apple Inc from using the iPad name in China, has a plausible claim over the unusual methods Apple used to conceal its identity when attempting to acquire Proview's trademarks, according to several legal experts.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.