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CDC Files for Bankruptcy Protection

CDC Corp. an internet-related Chinese company listed in NASDAQ, filed on Wednesday for bankruptcy protection, hammering its stocks by more than 50 percent. CDC filed the bankruptcy in the U.S. bankruptcy court in Atlanta. According to CDC's latest quarterly earnings report, it ...

US Farmers Hoping to Sell Rice to China

After years of effort, farmers in the United States believe they are close to getting permission to sell rice in China, a potentially huge boost for an industry that has seen prices stagnate recently. If China opens its markets to US rice, it could cause a spike in demand that ...

China's central bank regrets U.S. Senate's yuan bill

The People's Bank of China, the country's central bank, Tuesday expressed its "deep regret" about the U.S. Senate's currency bill that pushed China to let the yuan appreciate further. The central bank said the U.S. Senate's bill may seriously affect China's currency reform, and ...

U.S. Senate votes to allow debate on yuan bill

The U.S. Senate voted Monday to allow a debate on a controversial bill on so-called "currency manipulation" by China amid strong opposition from China and U.S. business groups. The 79-19 vote opened a week-long debate on the bill, the last procedure before it is to be finally ...

Gold ends sharply higher as safe-haven demand returns

Gold futures on the COMEX Division of the New York Mercantile Exchange rebounded on Monday, as the Greek government said it will miss its deficit targets this year, increasing demand for the bullion as a safe-haven asset. The most active gold contract for December delivery jumped ...

Property Investors Create New Hot Spots

Government figures show the trading volume of apartments in Beijing was down 50 percent on the figure last year, with counties neighboring Beijing the new hot spots for property investors. Property prices in Beijing have stabilized since last year, following the introduction of ...

China Recalls 4,100 Oysters from the US

China will recall more than 4,100 oysters imported from the United States that were reported to be contaminated by bacteria, according to the General Administration of Quality Supervision, Inspection and Quarantine. The administration has already called for a temporary stop to ...

Yuan hits new high against U.S. dollar to 6.3549

The Chinese currency Renminbi, or the yuan, strengthened 116 basis points against the greenback on Friday, with the central parity set at 6.3549 per U.S. dollar, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed ...

China's stocks closed mixed on Friday

China's stocks closed mixed on Friday, the last trading day before the two bourses in Shanghai and Shenzhen begin a period of closing due to the upcoming seven-day National Day Holiday that starts on Saturday. The benchmark Shanghai Composite Index continued to drop after falling ...

Oil Resumes Plunge on Renewed Economic Concerns

U.S. crude oil price resumed sell-off on Friday as renewed economic concerns weighed on the markets, ending the quarter with the worst performance since the fourth quarter of 2008. After Thursday's rally, crude prices went back to decline as investors worried about the global ...

US Stocks End Terrible Quarter with Sell-off

U.S. stocks tumbled on Friday, ending the worst quarter since the economic recession, as investors found little reason to buy in the market amid gloomy economic outlook and European debt woes. The past quarter was disastrous for Wall Street. The blue-chip Dow plunged about 12 ...

Dollar Rises amid European Debt Concerns

The U.S. dollar rose against most major currencies in late New York trading on Friday as the fear over European debt crisis and economic recession raised risk- aversion. German Economy Minister Philipp Roesler on Friday said German lawmakers were unlikely to back any further ...

Gold Ends Higher on Bargain-hunting

Gold futures on the COMEX Division of the New York Mercantile Exchange regained some ground on Friday, as recent sharp correction encouraged investors to build up their holdings of safe assets before the weekend. The most active gold contract for December delivery added 5 dollars...

Is a Decline in Property Prices around the Corner?

As Chinese home buyers anticipate a significant decline in the nation's runaway property prices, experts are optimistic that the market is moving toward a "turning point" just one year after the government introduced tough restraints on the market. The measures were rolled out at ...

Gold barely moves as dollar weakens, stocks rally

Gold futures on the COMEX Division of the New York Mercantile Exchange hardly changed on Thursday, supported by a weaker greenback, but steady upward progress seen in the stocks has attracted some investors to cash out of the precious metal. The most active gold contract for ...

China's stocks close down Thursday

China's stocks fell to a one-year low on Thursday amid concerns over the worsening eurozone debt crisis and the faltering global economic recovery. The benchmark Shanghai Composite Index fell 1.12 percent, or 26.72 points, to close at 2,365.34 points. The Shenzhen Component Index ...

US Stocks End Mixed in Choppy Trading

U.S. stocks ended a very choppy session mixed on Thursday, after Germany took a key step in helping the debt-burdened Greece and a batch of economic data came in better than expected. Thursday's trading was volatile. The market first got a boost and opened sharply higher after ...

Gold Barely Moves as Dollar Weakens, Stocks Rallies

Gold futures on the COMEX Division of the New York Mercantile Exchange hardly changed on Thursday, supported by European debt crisis woes and weaker greenback, but steady upward progress seen in the stocks has attracted some investors to cash out of the precious metal. The most ...

China's yuan weakens against U.S. dollar

The Chinese currency Renminbi, or the yuan, weakened 42 basis points against the greenback on Thursday, with the central parity rate set at 6.3665 per U.S. dollar, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed ...

Gold retreats amid profit-taking

Gold futures on the COMEX Division of the New York Mercantile Exchange ended sharply lower on Wednesday, as traders took profits on previous gains. The most active gold contract for December delivery dropped 34. 4 dollars, or 2.1 percent, to 1,618.1 dollars per ounce. Gold ...
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Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
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China's reform leading group holds first meeting
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world

finance

Reforms to fuel Shanghai's growth in 2014
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Economist sees world economy strengthening in 2014
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company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
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trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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 ...
Stars 'Big Three' fall short of title in 1st year
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Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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