Growing numbers of China's rich want to avoid publicizing their wealth, Forbes said, reflecting fears of official scrutiny amid a vast and growing rich-poor divide after several billionaires have ended up in jail.
China's central bank chief poured cold water on Thursday on talk that Beijing could make the yuan fully convertible as soon as 2015.
South Africa's Wesizwe Platinum will look at consolidation with neighbouring mines as it aims for full production at its new mine by 2021, its chief executive said on Thursday.
When a Russian rocket failed on its way to orbit last month, it exposed a vulnerability in the International Space Station program that a former NASA astronaut thinks China could help address.
Treasury Secretary Timothy Geithner on Thursday called on global finance chiefs to boost growth but said a repeat of the massive coordinated fiscal stimulus efforts of 2009 was no longer possible.
The U.S. economy may be stumbling, but it is still standing.
* THE ISSUE: The end of Carol Bartz's rocky two-year tenure as chief executive at Yahoo and replacement by an interim chief suggests the company's turnaround is still down the road. The question is what's next for its shares.
In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
The U.S. trade deficit narrowed much more than expected in July as strong Latin American demand helped push exports to a new record and imports fell slightly, a government report showed on Thursday.
Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.
The number of Americans filing new claims for jobless benefits rose unexpectedly last week, further evidence of a weak labor market just hours before President Barack Obama unveils a plan on job creation in a major address to Congress.
Former Utah Gov. Jon Huntsman delivered a forceful performance during Wednesday's Republican presidential debate, drawing on his experience as a governor and an ambassador to China to distinguish himself from heavyweights Mitt Romney and Rick Perry.
Fitch Ratings warned on Thursday that it might downgrade China's credit rating within two years as the country's banks struggle with debt loads following a lending surge to help lift the economy during the 2008 financial crisis.
Growing numbers of China's rich want to avoid publicizing their wealth, Forbes said, reflecting fears of official scrutiny amid a vast and growing rich-poor divide after several billionaires have ended up in jail.
The Global Competitiveness Index (GCI) published by the World Economic Forum, which ranks the world's most competitive economies, has pushed the U.S. down the list to a No. 5 spot. Escalating government debts and declining faith of the public in its administration were cited as the critical factors that contributed to the plunge of the country which was No. 1 in 2008 and No. 4 last year.
Forbes' latest ranking of China's richest people pits stolid industrial muscle against high-tech, with the head of an earth-moving company pipping the co-founder of the nation's biggest Internet search engine for the top spot.
China's local currency debt rating could face a downgrade over the next 12 to 24 months if an expected deterioration in asset quality materializes, according to ratings agency Fitch.
Republican presidential candidates gather at Ronald Reagan's library in California on Wednesday for the first in a series of debates over the next six weeks that will help define the Republican race.
Fitch Ratings warned on Thursday that it might downgrade the credit rating of China within two years and there was a greater than even chance of a downgrade of Japan's credit status.
Two studies released over the last week report that up to half of Americans and 40 percent of Europeans will suffer from a mental health disorder during their lifetime.
Republican presidential candidate Mitt Romney's threat to get tough with Chinese trade practices has moved China from the background to a potentially significant issue in the 2012 presidential campaign.
On Tuesday, a Defense Department official said additional cuts to military spending would severely impact the defense industry and jeopardize the safety of the United States.
