State Grid Corp of China has had talks with U.S. power firm AES Corp
about taking a controlling stake in its U.S. wind power business, three sources said, as China's cash-flush state-owned power companies go on an overseas buying spree.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 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 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.
China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.
Yang Long-san, Apple's nemesis in a battle over the iPad trademark in China, once strutted the expo halls with dreams of market dominance. His company, Proview, may now be in ruins and his most valuable asset a disputed trademark, but those dreams remain intact.
Syria is expected to announce a vote of approval for constitutional changes on Monday when it announces the result of a referendum dismissed as a sham by opponents of President Bashar al-Assad.
HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
At least 59 Syrian civilians and soldiers were killed Sunday in bloodshed that coincided with a vote on a new constitution that could keep President Bashar al-Assad in power until 2028.
At least 31 Syrian civilians and soldiers were killed Sunday in fighting over Syria's future that coincided with a vote on a new constitution that could keep President Bashar al-Assad in power until 2028.
In his most recent Viewpoint, Goldman Sachs Asset Management Chairman Jim O'Neill gave somewhat of an oil price forecast for 2012 and beyond.
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.
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.
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.
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.
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.
March 7 is the expected date for iPad 3 to be unveiled by Apple at a press conference in San Francisco. However, the debut date is in danger of getting delayed because Apple is locked in a dispute with Proview, a Chinese firm, over iPad trademark rights, in the U.S.
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.
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.
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.
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.
