- Chinese Government to Probe Tencent, Qihoo
Investigations will be conducted over the illegal business practices of the two companies, and the two should be fully co-operate with inquiry, the MIIT said.
- Europe's Monetary Cordon Sanitaire
In effect, the European Union and the ECB are now being forced to return with overly generous support to the weak countries – including buying up all their debt, if necessary.
- GM Ready to Clinch the Title of Biggest IPO Ever
Chances are rising for General Motors Co GM.UL to clinch the title of the biggest initial public offering ever in history, after the auto maker priced shares at the top of the proposed range in response to huge investors.
- FAO Warns Food Crisis on Prices Hike
World food imports will exceed 1 trillion U.S. dollars on surging commodity prices, the highest since the 2007/2008 food crisis, the FAO said.
- GOME to Hold EGM to Add Two Directors
A shareholders meeting will be held on Thursday to discuss proposals to add two of Huang’s representatives to the board, after the two reached an agreement to end the dispute over power control.
- China May Surpass U.S. by 2020: Standard Chartered
China’s comparatively faster expansion, together with an expected 25 percent appreciation of the yuan, should be enough for its nominal GDP to exceed that of the United States by the end of the decade.
- America's Deepening Moral Crisis
The world should beware. Unless we break the ugly trends of big money in politics and rampant consumerism, we risk winning economic productivity at the price of our humanity.