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Negative Economic News Slams Dow Below 12,000

U.S. stocks plunged on Thursday, with the Dow Jones industrial average ending below 12,000, amid a flurry of negative economic news. Thursday's sell-off was across the board. All 10 sectors in Standard & Poor's 500 Index settled in the red, with energy and financials leading the ...

Nearly 18 Million Tablets Shipped in 2010: Report

About 18 million tablet computers had been shipped in 2010 with market leader Apple capturing a dominant share of 83 percent, research firm International Data Corp. (IDC) said in a report released on Thursday. The tally was limited to media tablets, which according to IDC' s ...

Energy Helps Wall Street Rebound, Oil Down after Japan Earthquake

U.S. stocks rebounded on Friday, lifted by energy and material shares while oil prices fell sharply in the wake of Japan's earthquake. The magnitude 8.8 earthquake slammed Japan, the third biggest oil consumer in the world, on Friday, causing severe damages to its cities and ...

China Reports 7.3 Bln USD Trade Deficit in Feb

China recorded a trade deficit of 7.3 billion U.S. dollars in February as the Lunar New Year holiday season dented exports, the General Administration of Customs (GAC) said Thursday. This is China's second monthly trade deficit in a year, after the country announced a deficit of ...

Oil Falls on Stronger Dollar

U.S. crude oil fell on Thursday as the U.S. dollar strengthened on European debt woes. After Moody's cut Spain's credit rating to Aa2 from Aa1 with a negative outlook, the euro on Thursday tumbled near 1 percent against the dollar. The European debt problems came back to the ...

Shanghai Bourse to Vie for More New Listings

Shanghai Stock Exchange, the Chinese mainland's largest bourse, plans to attract 50 new listings each year during the 12th Five-Year Plan period (2011-2015), the exchange's president said on Wednesday. The bourse's plan is in line with the central government's call to substantial...

February Consumer Confidence Rebounds

Chinese consumers' confidence slightly rebounded month on month in February on lower food prices and a shopping spree on non-daily essential goods during the Spring Festival holiday, according to an index reading released Wednesday. The Bankcard Consumer Confidence Index (BCCI), ...

Wall Street Drops on 2-Year Bull Anniversary

The U.S. stocks dropped on Wednesday, the two-year anniversary of the beginning of a bull market, as concerns of oil prices and Middle East unrest continued to weigh on investors' minds. U.S. crude oil price dipped on Wednesday as crude inventories rose more than expected, though ...

Oil Dips on High Inventories

U.S. crude oil price dipped on Wednesday as crude inventories rose more than expected. But Brent crude rose on fears caused by continued violence in Libya. The Energy Information Administration reported on Wednesday that U.S. crude stocks rose by 2.52 million barrels to 348.9 ...

Singapore's UOB Bank Launches RMB Products

Singapore-based United Overseas Bank or UOB says it is launching several yuan products in response to increasing investor appetite for the Chinese currency. It comes after similar moves by banks such as the Singapore market leader DBS, as well as the local units of HSBC. UOB has ...

Drought Impact on Grain Limited, Prices Stable- Official

Drought in China's major winter wheat producing areas has limited impact on grain output and prices are expected to remain stable, a senior agriculture official said Sunday. The drought has affected limited areas for crop production in China, Chen Xiwen, director of the office ...

Oil Ends Above 104 USD on Libya Violence

U.S. crude oil rose on Friday and settled above 104 U.S. dollars a barrel as continuing violence in Libya fueled uncertainty in the oil-rich North Africa and Middle East. In Libya clashes broke out near the important oil terminal of Ras Lanuf, which caused traders' anxiety about ...

Pace of Growing Trade Seen to Slow

A surprisingly sharp moderation in China's export growth last month shook global markets and left many wondering about the economic outlook for the world's biggest exporter. Compounding matters, a 9.0-magnitude earthquake and giant tsunami in Japan on March 11 has dampened the ...

Sales of China's Jumbo Jets to Reach 2000 in 20 Yrs

The Commercial Aircraft Corporation of China (COMAC) said Saturday it is expected to sell 2,000 jumbo jets, the homegrown C919, over the coming 20 years. More orders for the C919 were in the pipeline this year in addition to the existing orders of 100, Wu Guanghui, vice general ...

Oil Retreats from Multi-year High

U.S. crude oil price fell on Thursday from its two and half year high as efforts for Libya's peace eased investors worries. On Thursday, a spokesman for Venezuelan President Hugo Chavez said the Libyan government has accepted Venezuela's plan for an international commission to ...

Wall Street Gains as Positive Economic Data Outweigh Oil

U.S. stocks gained moderately Wednesday on broad support from Federal Reserve survey to positive jobs report, offsetting the higher oil prices. A Federal Reserve survey released on Wednesday said that the U. S. economy has gained strength. The survey showed that all 12 of the Fed...

Gold Retreats from Record High

Gold futures on the COMEX Division of the New York Mercantile Exchange declined from its record high on Thursday, as Venezuela offered to mediate a resolution to the crisis in Libya, which helped dampen safe-haven demands. The most active gold contract for April delivery shed 21...

Dollar Tumbles as Euro Surges on Inflation Worry

The U.S. dollar slid against major currencies in late New York trading on Wednesday as the high oil price raised the risk of inflation and expectations of interest rate hike in euro zone. The concerns that oil supply may be disrupted by unrest in Libya continued to push up the ...

Wall Street Rises on G-7 Intervention and Banking Stocks

The U.S. stocks rose on Friday as the Group of Seven (G-7) backed a plan to bring the Japanese yen down from post-war highs and banks were to restart dividends payments. Finance officials from the G-7 agreed on a coordinated currency intervention to support Japan's economy after ...

Gold Continues to Climb as Safe-Haven Demand Revives

Gold futures on the COMEX Division of the New York Mercantile Exchange moved up for the third session in a row on Friday, as heightening political tensions across the Arab world along with currencies risk prompted investors to seek a shelter in gold. The most active gold contract ...
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Latest World News

china

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

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
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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
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Super car club in commercial drive
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On the night of Nov 11, more than 150 super cars were driven into the ...

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 ...
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Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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