industry

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 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 ...
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 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 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 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 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 ...
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 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 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 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 ...
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 ...
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, ...
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 (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 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 ...
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 ...
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 ...
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 ...
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
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
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
History-making tennis legend Li Na notched the first-ever grand slam ...