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China Surpasses US in Global Luxury Watch Demand

Demand for Luxury Watches in Asia Reaches Record High

Exports of Swiss luxury watches, particularly in Asia have reached an all-time high with China emerging as a major market for high-end products.

Thailand's surreal industrial park: crocodiles but no chips

Workers of Hana Microelectonics Pcl clean a hall after water receded from parts of the factory in Ayutthaya province

Knee-deep in foul-smelling water, workers are piling office equipment, documents and food onto fiber boats that ferry them from one building on Hana Microelectronics' 12-acre company site to another with more space on higher floors.

How China Might Ease Monetary Policy

An employee counts Renminbi banknotes at a Bank of China branch in Changzhi, Shanxi province Nov. 16, 2009.

The market is expecting that China would loosen its monetary policy in the coming months, and many believe a selective easing has already begun, and that more serious easing will come soon.

A pedestrian walks past the NASDAQ building in New York City

Post-Market NASDAQ Movers (POZN, AMCF, PWER, CRUS, SPPI, BGCP, JKHY, PERI, ALSK, DNDN)

The top after-market NASDAQ Stock Market gainers are: Pozen, Andatee China Marine Fuel Services, Power-One, Cirrus Logic, and Spectrum Pharmaceuticals. The top after-market NASDAQ Stock Market losers are: BGC Partners, Jack Henry & Associates, Perion Network, Alaska Communications Systems Group, and Dendreon.

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Sustainable Economic Growth: is Income Equality the Answer?

Sustainable economic growth is one of the key questions facing economists today, especially when it comes to developing countries.

Stocks on track for 6th day of losses on Europe fears

Stocks tumbled about 2 percent and were on track for a sixth straight day of losses on Wednesday as frustration over the euro zone debt crisis coupled with weak Chinese factory data sank sentiment.

Will Microsoft Renew Its Bid for Yahoo?

Microsoft, the world’s biggest software company, may be preparing for a renewed bid for troubled search engine Yahoo. Microsoft’s $44.6 billion bid for Yahoo was rejected in 2008.

Minmetals extends Anvil offer to resolve Congo dispute

Chinese group Minmetals Resources has extended its $1.3 billion takeover offer for Africa-focused Anvil Mining to December 9, to allow more time to resolve a dispute over contracts with Congo which threatens to scupper the whole deal.

An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks hit month low on China data

Johannesburg stocks fell to their lowest close in a month on Wednesday, as weak Chinese factory data sparked concerns about demand from the world's second-largest economy, hitting miner Assore and luxury good maker Richemont.

Stocks continue slide on Europe woes, China data

Stocks tumbled again on Wednesday, leaving the benchmark S&P 500 on pace for a sixth straight decline as frustration with the euro zone's debt crisis coupled with weak Chinese factory data sank investor sentiment.

Mixed data raises questions on economic momentum

Consumer spending growth slowed in October and business capital investment plans were weak, raising questions about expectations for solid growth in the fourth quarter.

Wall Street continues slide on Europe woes, China data

Agricultural demand fuels Deere results, outlook

Deere & Co reported a 46 percent rise in quarterly earnings and projected substantial growth for 2012 amid strong global farming conditions and higher prices, sending its shares higher in an otherwise weak stock market.

Wall Street falls 1 percent on Europe woes, China data

Stocks fell about 1 percent on Wednesday, putting the S&P 500 on track for a sixth straight losing session as the euro zone crisis and weak Chinese data weighed on sentiment.

Renewable Energy Becoming Cost Competitive, IEA Says

Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the International Energy Agency (IEA) said in a report on Wednesday.

Wall Street set to open lower on Europe woes, China

Stock index futures pointed to a lower open on Wednesday, putting the S&P 500 on track for a sixth straight losing day as the euro zone crisis and weak Chinese data weighed on investor sentiment.

Stocks set for 6th losing day on Europe, China woes

Stock index futures were lower on Wednesday as worries about the euro zone crisis and weak data from China weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses.

Vietnamese Father, Son Separated After Pirate Attack, Reunited 34Years Later in Rochester

Epic Tale: Vietnamese Father, Son Separated After Pirate Attack, Reunited 34 Years Later

Vietnamese refugee Hao Truong was reunited with his son at Rochester International Airport in Rochester, N.Y., after 34 years of being separated following a pirate attack off the coast of Vietnam.

Dreamworks Animation to form China JV: report

Dreamworks Animation SKG Inc, producer of hit movies such as Kung Fu Panda, is in talks to set up a joint venture studio in Shanghai as early as January next year to produce animation and design theme parks, Caijing Magazine reported, quoting government sources.

Gold Prices Struggle to Stay Near $1,700

Gold prices fell Wednesday on negative economic news from China and Europe and concerns that the U.S. economy is barely advancing.

Winner of Republican National Security Debate: The Economy?

Republicans faced off in a national security-themed debate at Constitution Hall in Washington D.C. and broadcast on CNN. The gathering did little to change the dynamic of a race that has seen a carousel of candidates tested as a possible better-option to former Massachusetts Gov. Mitt Romney.

China factory sector shrinks most in 32 months

China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey showed, reviving worries that China may be slipping toward a hard landing and fuelling fears of a global recession.

Traders work on the floor of the New York Stock Exchange

U.S. Stock Futures Signal Weaker Open for Equities

Stock index futures pointed to a weaker open for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.8 percent.

Man looks at an electronic board displaying stock prices outside a brokerage in Tokyo

Global Stocks Hit 6-Week Low

World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.

Stock Futures Extend Losses after Weak China Flash PMI

S&P stock futures extended losses to more than 1 percent after a key gauge of Chinese manufacturing activity slumped to its weakest level in nearly three years.

Global shares slide on China flash PMI, U.S. growth fears

Asian shares dropped more than 2 percent and U.S. index futures and oil also fell on Wednesday after a private survey showed China's factory sector shrank the most in 32 months and U.S. growth data was revised downwards, stoking fears about the faltering global economy.

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