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Dollar rises as investors seek safe haven

The U.S. dollar rose against major currencies in late New York trading on Tuesday as unpeace in Korean peninsula and concern on European debt crisis urged investors to seek risk-aversion investments. Forces of the Republic of Korea and the Democratic People's Republic of Korea on ...

China encourages fair play in developing green economy

China will provide fair treatment to all firms -- both foreign-funded and domestic -- in developing its green economy, a senior Ministry of Commerce (MOC) official reiterated Monday. The Chinese government will continue to stick to the mutually beneficial opening-up policy and ...

GM leads Wall Street higher

Wall Street rose on Thursday as General Motors shares surged while optimism grew on easing Ireland 's debt crisis. Shares of General Motors gained more than 6 percent above its initial public offering price of 33 U.S. dollars. Ireland was expected to receive tens of billions of ...

Gold climbs on concerns over European debt crisis

Gold futures on the COMEX Division of the New York Mercantile Exchange inched up on Monday, paring earlier losses, as concerns over the further spread of the eurozone debt crisis spurred traders to return to the precious metal as a safe-haven. But the greenback's recovery has ...

China reiterates equal treatment for foreign, domestic firms in developing nation's green economy

China will provide fair treatment to all firms -- both foreign-funded and domestic -- in developing its green economy, a senior Ministry of Commerce (MOC) official reiterated Monday. The Chinese government will continue to stick to the mutually beneficial opening-up policy and ...

U.S. stocks end mixed on contagious fears

U.S. stocks ended mixed on Monday after Ireland formally requested a bailout as contagious fears were still lingering in the market. The Dow Jones industrial average tumbled about 150 points in morning trading after an EU source said a total of 80 billion to 90 billion euros ...

Oil prices fall on Irish debt worries

Oil prices retreated on Monday as investors worried that the Irish debt problems would spread and hurt European economic stability. Ireland on Sunday formally requested help from other countries in the European Union as its debt problems deepened. Terms of the package from the ...

GM edges 3.6 percent higher on debut in Wall Street

General Motors Co.'s stock Thursday hiked 3.6 percent higher on its debut in Wall Street to settle at 34.19 dollars, sweeping concerns that the shares had been priced too high. The stock opened at 35 dollars on the New York Stock Exchange, six percent higher than from its initial ...

Australian PM vows to delivery bank reforms to ease household's pressure

Australian Prime Minister Julia Gillard on Tuesday promised to deliver further competition reforms on banking sector, in order to ease the pressure on Australians paying off a mortgage. The move came as all four major banks enraged the government by pushing their mortgage rates ...

U.S. stocks continue slide on China inflation concerns

U.S. stocks continued its slide on Friday on speculations that China might take further monetary- policy tightening steps to counter inflation challenges. Major indexes were off session lows when market closed, but still deeply mired in negative territory. The Dow Jones ...

Crude prices fall on stronger U.S. dollar

Crude prices fell Tuesday after a six-day rally as the U.S. dollar rebounded against the euro. The International Energy Agency said Tuesday in its report that oil prices could hit 135 U.S. dollars a barrel and would average 113 dollars a barrel by 2035, compared to an average of ...

Chinese economic growth set to slow in 2011

China's economic growth rate will slow in 2011 and inflationary pressures will build, Zhu Baoliang, a researcher with the State Information Center, forecast Saturday. "China still has the fundamentals for economic development but the speed of growth will slow next year," he said ...

G20 going through heated debate over currency, trade issues: organizer

One day ahead of the G20 Seoul Summit, the working-level meetings are still at a stalemate over the thorny currency and trade imbalance issues, the organizing committee said Wednesday. "We are still having a hard time reconciling contrasting views of different countries, ...

China GDP growth at double-digits

An economist from Goldman Sachs predicts China's GDP growth will stand at 10.1 percent in 2010, and 10 percent in 2011. Domestic demand has become the main engine for the country's growth. And Goldman Sachs' analysis shows China is less dependent on exports to developed regions - ...

Bank of China to raise 60 bln yuan in rights issue to replenish capital

Bank of China (BOC), the country's fourth-largest lender by assets, said Friday it would raise up to 60 billion yuan (8.97 billion U.S. dollars) in a dual rights issue in Shanghai and Hong Kong stock exchanges to replenish capital. In a statement filed to the Shanghai and Hong ...

Several automakers issue recalls in Chinese market in October

Several automakers issued recalls in Chinese market in October. Japan's automaker Nissan Motor said on Oct. 28 that it would recall 102,817 cars, including the Tiida and Sylphy in China due to a faulty engine control system. According to the General Administration of Quality ...

Wall Street rallies amid election, Fed meeting

U.S. stocks climbed higher on Tuesday while investors were awaiting the outcome of midterm election and another possible round of quantitative easing. According to opinion polls, Republicans will regain the control of the Hose of Representatives, which will hamper President ...

G20 Summit to agree on trade, currency guidelines: S Korean president

The upcoming G20 Seoul Summit will make progress on the issue of guideline on current account balances and currencies, likely to reach an agreement between G20 leaders, South Korean president said Wednesday. Pointing to the "indicative guidelines" agreed at the G20 Finance ...

Chinese official refutes allegation subsidies given to SOEs for outbound investment

Allegations that China's state-owned enterprises (SOEs) have received subsidies during their "go global" drive are "entirely groundless," a senior Minister of Commerce (MOC) official said Monday. Vice Minister of Commerce Chen Jian refuted the allegations at a press conference in ...

Economic growth keeps momentum

The Chinese economy has completely extricated itself from the downturn risk that emerged after the outbreak of the global financial crisis in 2008 and is again on a steady and healthy track, the third quarterly economic data released by the National Bureau of Statistics (NBS) ...
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
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sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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