After Buying Spree, China Owns Stakes in Top U.S. Firms The New York Times | SHANGHAI - Flush with cash despite the global economic downturn, China's sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup. | Although most of the stakes were...
Obama's Balancing Act on U.S. Trade Policies The New York Times | Senator Arlen Specter of Pennsylvania challenged President Obama last week on behalf of steel workers, and helped underscore the administration's ambivalence about trade. | During a public meeting between the president and Senate Democrats, Mr. Specter asked whether Mr. Obama would upend existing ...
Hong Kong stocks at 5-mth low, China falls The Guardian * Carry trade unwinding could send HK stocks lower - dealers * China Resources Land, Joyce fall in Hong Kong * Banks, property counters slip in China (Updates to midday) By Sui-Lee Wee and Claire Zhang HONG KONG/SHANGHAI, Feb 8 (Reuters) - Hong Kong ...
Obama's Balancing Act on U.S. Trade Policies The New York Times | Senator Arlen Specter of Pennsylvania challenged President Obama last week on behalf of steel workers, and helped underscore the administration's ambivalence about trade. | During a public meeting between the president and Senate Democrats, Mr. Spe...
After Summer Olympics, Empty Shells in Beijing The New York Times | BEIJING — If you build it, he will come,” Ray Kinsella, the farmer in the 1989 film “Field of Dreams,” hears, mystically, as he walks through his cornfield. So at seemingly ruinous cost, he razes the cornfield and buil...
After the Summer Olympics, Empty Shells in Beijing The New York Times | BEIJING — If you build it, he will come,” Ray Kinsella, the farmer in the 1989 film “Field of Dreams,” hears, mystically, as he walks through his cornfield. So at seemingly ruinous cost, he razes the cornfield and buil...
Top cop's asset trail key to case China Daily | Family unable to account for suspicious wealth amassed | CHONGQING: Prosecutors continue to present evidence to a local court to break down suspicious assets and spending totaling 30.94 million yuan ($4.55 million) of the family of Wen Qiang, forme...
Why a China bubble burst would be quieter CNN February 5, 2010: 10:17 AM ET | NEW YORK (Fortune) -- World-renowned short seller Jim Chanos -- the hedge fund manager who called the fall of Enron and the systemic problems cause by subprime mortgages --recently turned his gimlet eye on China. He sa...
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Science to boost food supply China Daily | China is boosting its genetic modification research to increase crop yields and ensure adequate food supplies, according to Huang Dafang, a member of the Biosafety Committee at t...
Obama vows to get tough with China on currency The Star | BEIJING/WASHINGTON (Reuters) - President Barack Obama vowed to "get much tougher" with China on trade and currency rules to ensure U.S. goods do not face a competitive disadvanta...
Obama vows to get tough with China on currency Deccan Chronicle Obama vows to get tough with China on currency | President Barack Obama vowed to "get much tougher" with China on trade rules, including currency rates, to ensure that U.S. goods d...
World stocks tumble amid global recovery doubts The Miami Herald | BEIJING -- World stocks tumbled Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global economy could slip back into recession. | Markets from Tokyo to Hong Kong to Seoul dropped about 3 percent or more a...
French president meets Chinese FM on ties China Daily | PARIS: French President Nicolas Sarkozy met visiting Chinese Foreign Minister Yang Jiechi at Elysee Palace Thursday on bilateral ties. | Bringing New Year's greetings on behalf of Chinese President Hu Jintao to Sarkozy, Yang recalled recent sound d...
Swiss shelter for Guantanamo inmates will 'harm ties' China Daily | China said Thursday that its ties with Switzerland will be undermined by the Swiss government's decision to accept two Uygurs detained in Guantanamo Bay. | Switzerland on Wednesday agreed to help two Uygur brothers settle in the country despite re...
European stocks rally despite debt fears Houston Chronicle | LONDON - European markets rebounded Monday as investors looked past a slump in Asia and set aside worries about debt problems in countries like Greece and Portugal to buy into stocks made cheaper by last week's vicious sell-off. | Sentiment remains balanced on a knife's edge, however, with hope for a bailout for Greece weighed against fears of co...
Bank of China tightens mortgage loans China Daily | Bank of China (BOC) has decided to cut discounts that home buyers can get on interest of mortgage loans, a source with the bank's Shanghai branch told Xinhua on Wednesday. | The Shanghai branch has already received orders from the Beijing headquarter to cut the mortgage rate discount to first-time home buyers to 15 percent from the previous 30 pe...
