The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
China is greatly concerned and strongly opposed to the United States' listing of Taobao, the country's largest consumer e-commerce website, as a notorious market for piracy, a spokesman for China's Ministry of Commerce said on Wednesday.
Bank of America (NYSE:BAC), the second-biggest U.S. bank by assets, is expected to post a modest profit gain in the fourth quarter as cost-cutting offsets declining revenue from trading, retail and mortgage divisions.
Texas Gov. Rick Perry's comment that Turkey is ruled by Islamic terrorists is the latest gaffe by Republican White House hopefuls: foreign policy has been a minefield for these candidates vying to oppose President Barack Obama in the 2012 election.
The United States is becoming less economically competitive versus other nations, with political gridlock and a weak primary education system seen as the main drag, according to a survey released on Wednesday.
Experts in India are raising red flags after discovering what they are calling totally drug-resistant tuberculosis.
A total of 14.8 million passengers went on cruises in 2010, an increase of 10.3 percent over the prior year,
The World Bank warned Wednesday that the global economy is on the cusp of a new financial crisis, one similar in magnitude to the chaos following the collapse of Lehman Brothers in 2008.
China at one time may have been better known for fashion knockoffs than catwalk creations, but Chinese haute-couture is now finding its feet on the international stage -- even as it grows ever more popular with customers at home.
Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday.
It was one of the most adorable scenes when two giant pandas from China appeared frolicking around their new home in France Tuesday.
Gold struggled Wednesday to hold recent gains as growing concerns of an imminent Greek default offset hope that Chinese authorities will act to reverse the slowdown of the world's second-biggest economy.
China's cooling property market could shave more than 2 percentage points off 2012 growth, forcing Beijing to decide just how badly it wants to keep the economy expanding at more than 8 percent a year.
India's bullion traders stayed away from placing fresh orders after a nearly 90 percent hike in gold import duty was announced earlier this week, while China's gold purchases slowed down ahead of the Lunar New Year holiday.
China will expand real-name registration for microblog users, the government's propaganda and information arm said on Wednesday, in its latest step to better control China's wildly popular Twitter-like websites.
Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
China's new home prices fell in December from November, a third straight month of declines, and analysts expect prices will fall further as Beijing sticks to its tightening campaign against the once-hot real estate market.
Gold prices could rise to $2,000 an ounce in 2012, according to the predictions of the latest Thomson Reuters GFMS survey and GFMS Ltd's CEO Philip Klapwijk.
Yahoo co-founder and one-time CEO Jerry Yang resigned from the company’s board as well as from the board of China’s Alibaba Group, where Apple has a 44 percent interest
Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.
