More From Hao Li
Chesapeake Energy jumps 7 pct as Carl Icahn increases stake
Chesapeake Energy jumped 6.95 percent at 12:09 p.m. on news that billionaire investor Carl Icahn increased his equity ownership of it from 2.5 percent to more than 5 percent.
Dec 20, 2010
China airlines plunge on Korea tension
New York-traded shares of China Eastern Airlines plunged 4.42 percent and those of China Southern Airlines plunged 2.47 percent in morning trading on tensions between North and South Korea.
Dec 20, 2010
Davos is a waste of time: Taleb
The World Economic Forum's annual meeting at Davos is a waste of time, said Nassim Taleb, author of The Black Swan and a trader who was a speaker at the event in 2009.
Dec 17, 2010
EU needs a 'grand bargain' with Germany: ECFR
The European Union (EU) needs a 'grand bargain' with Germany to fundamentally redesign its economic structure.
Dec 17, 2010
Column: Obama's tax cut plan takes pressure off Bernanke
President Obama's tax cut plan, by lowering unemployment and boosting economic growth, may ease the Federal Reserve's pressure to buy Treasuries via its controversial program of quantitative easing.
Dec 17, 2010
Obama's stimulus tax plan to boost economy and jobs market
Obama's tax cut plan is a done deal now. By cutting taxes and increasing spending, it is essentially a fiscal stimulus package for the next two years that will boost GDP growth, create jobs, and add to the budget deficit.
Dec 17, 2010
Apple stock still cheap relative to its quality: Einhorn
Apple stock is still cheap relative to its growth potential and quality, said hedge fund manager David Einhorn.
Dec 16, 2010
Massive asset sales expected in 2011: Mudd
Dan Mudd, CEO of Fortress Investment Group (NYSE:FIG), said the year 2011 can see record asset sales.
Dec 16, 2010
Pacific Island countries in fiscal difficulty: ADB
The Asian Development Bank (ADB) is concerned about the fiscal health of several Pacific Island countries.
Dec 16, 2010
Spain, Greece, Ireland were big tax cutters from '07 to '09
While peripheral European countries are forced by the bond market to raise taxes and cut spending in 2010, they were some of the steepest tax cutter among OECD members from 2007 to 2009.
Dec 16, 2010
Brick-and-mortar retailers threatened by smartphones : WSJ
Smartphones are threatening the sales of brick-and-mortar retailers by enabling customers to easily compare their prices with online retailers, who often sell the same products for less.
Dec 16, 2010
Developing countries lose up to $40 billion per year to corruption
Developing countries lose between $20 billion to $40 billion per year to bribery, embezzlement, and other corrupt practices by public officials.
Dec 16, 2010
Chinese real estate 29.5 pct overvalued: state think tank
Residential real estate in 35 large and medium-sized cities in China is, on average, about 29.5 percent overpriced, according to estimates of the Chinese Academy of Social Sciences.
Dec 15, 2010
Copper prices can double in 2011: Yardeni
Edward Yardeni thinks copper prices can double in 2011 because there will be a shortage of it.
Dec 15, 2010
Latin American currency to appreciate in 2011: Morgan Stanley
Economists at Morgan Stanley think Latin American currencies will continue to appreciate in 2011 because of economic growth, interest rate differentials versus the U.S. dollar, and the expected positive performance of commodities.
Dec 15, 2010
Urban job growth loses steam in Q3: Brookings
The Brookings Institutions' MetroMonitor, which tracks America's 100 largest metropolitan areas, found a sharp reversal of the job growth that was occurring earlier in the year.
Dec 15, 2010
Europe should expand its sovereign bailout fund: experts
Many experts in the private sector favor expanding the size of the 750-billion euro European Financial Stability Facility (EFSF), which was created to bail out European countries under sovereign debt pressures.
Dec 15, 2010
Gain Capital (Forex.com) goes public with IPO, price below range
Gain Capital Holdings, which operates retail foreign exchange broker FOREX.COM and other related services like contracts-for-difference trading, will debut on the New York Stock Exchange on Wednesday under the symbol GCAP.
Dec 15, 2010
Why the Chinese save so much
The rise in income uncertainty and the 1997 pension reform measures have been largely responsible for the recent rise in China's savings rate. Other factors include health care costs and astronomical real estate prices.
Dec 15, 2010
Increasing U.S. oil production can jump-start the economy: AEI
Increasing domestic oil production could reduce unemployment, create jobs, and help jump-start the U.S. economic recovery, said Marc Weidenmier of the American Enterprise Institute.
Dec 14, 2010
Interview: NYCB CFO Thomas Cangemi on private-label mortgages and thrift banks
New York Community Bancorp CFO Thomas Cangemi speaks to IBTimes about the thrift bank industry and private-label mortgages.
Dec 14, 2010
China strikes a dovish tone, eases inflation target to 4 percent
After some seemingly hawkish moves in the past few weeks, Chinese policy makers adopted a dovish tone on Tuesday by easing the consumer inflation target to 4 percent for 2011.
Dec 14, 2010
China may willfully undermine dollar if trade tensions erupt: think tank
An escalation of trade tensions between China and the U.S. may involve protectionist measures on the U.S. side and the creation of exclusionary Asian trade walls on China's side.
Dec 14, 2010
Why Germany should boost consumption
Germany should raise wages in order to provide demand for struggling peripheral European economies. It should do so not only to show responsible European statesmanship, but also out of its own self-interest.
Dec 13, 2010
Interview: Galileo Global Advisors CEO Georges Ugeux on investing in Asia
Galileo Global Advisors CEO Georges Ugeux speaks to IBTimes about investing in Asia outside the scope of public markets.
Dec 13, 2010
China extends special RRR hike after inflation hits 5.1 percent
In response to swelling inflationary pressures, China extended a special reserve requirement ratio hike for six of the country's largest banks.
Dec 13, 2010
China's inflation picks up in problematic areas
China's inflation for November surged to a 28-month high, rising 5.1 percent year-on-year. Moreover, the inflation was driven by China's problem areas.
Dec 11, 2010
China's real estate bubble economy is in big trouble: Chanos
Jim Chanos, arguably the most well-known short-seller in the world, is setting his sights on China's troubled real estate construction-driven economy.
Dec 11, 2010
Global corruption on the rise: survey
Corruption has been on the rise over the last three years, according to the 2010 Global Corruption Barometer.
Dec 10, 2010
The economic advantages of dictatorship
Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.
Dec 10, 2010
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