Noda won Japan’s new prime minister
[2011-08-29]
Japanese finance minister Yoshihiko Noda emerged to become the victor in a hard race of becoming the nation’s next prime minister on Monday.
Hurricane Irene may cost United States 10 billion
[2011-08-29]
Predicted by economists, Hurricane Irene might cost as high as 10 billion for United States, which likely to sharpen the pain of economy recession.
Finance Minister: China to Strictly Control over Local Gov. Debt Volume
[2011-08-26]
China will strictly control over local governments’ debt volumes, and properly handle the repayment issue and the follow-up financing of existing projects.
The Trouble with Eurobonds
[2011-08-26]
Eurobonds would numb the distressed countries’ current pain, but, by failing to treat the underlying disease, they – and the eurozone as a whole – would end up far sicker than before.
Shanghai SMEs Mired in Multi-Troubles: Official Report
[2011-08-26]
Credit crunch, higher wages and rising prices of raw materials have taken a toll on the small and medium-sized companies in Shanghai.
Bankers without Borders
[2011-08-25]
Banking will become more like other industries that have benefited themselves and their customers by evolving into truly global networks.
China to File Compensation Claims Against ConocoPhillips on Bohai Oil Leak
[2011-08-25]
China is preparing for a compensation claim against ConocoPhilips for damages to the environment resulting from offshore oil spills
The Outsourcing Bogeyman
[2011-08-25]
In short, everyone wins from outsourcing of services. Alas, few understand this.
Apple Steve Jobs Resigns From Apple, Cook New CEO
[2011-08-25]
Steve Jobs on Wednesday resigned as chief executive of Apple Inc, ending his 14-year reign at the technology giant. Tim Cook was named as CEO, and Jobs will be chairman of the board.
China Telecom Says Still in Talks with Apple on iPhone
[2011-08-24]
The iPhone is presently available in China only on China Unicom, the country’s No.2 mobile operator and the largest Chinese mobile phone carrier, China Mobile, is also rumored to be in discussion with Apple
Price Expectations on the Rise in China, as Nielsen Study Shows
[2011-08-24]
Declines in income, health concerns and rising food prices are major factors that undermine consumers’ confidence
Moody's Cuts Japan's Debt Rating Citing Its Mega-Deficits
[2011-08-24]
Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, citing the country's mega-deficits and a build-up of government debt since the global recession in 2009.
China's New Currency Policy
[2011-08-24]
There are two fundamental reasons why the Chinese government might deliberately allow the renminbi to rise more rapidly: reducing its portfolio risk and containing domestic inflation.
PetroChina,Shell Make a Preliminary Offer to Buy Australia's Bow Energy
[2011-08-23]
Arrow Energy, a venture between PetroChina and Shell, has made a 543 million U.S. dollars offer for Australian oil and gas producer Bow Energy Limited.
The Keynes-Hayek Rematch
[2011-08-23]
To prevent further crises of equal severity in the future, Keynesians would argue for strengthening the tools of macroeconomic management. Hayekians have nothing sensible to contribute.
HSBC Flash China Manufacturing PMI (Aug.) at 49.8: HSBC Report
[2011-08-23]
With risks of a hard landing still remote, PBoC can afford to keep current quantitative tightening measures in place.
Bohai Oil Leak Continues; ConocoPhillips Faces Compensation Claims
[2011-08-23]
The China North Sea subsidiary of U.S.-based ConocoPhillips is facing claims from fishermen and the nation’s marine protection authorities while admitting last Saturday that oil spills continued in Bohai Bay
"Too-Big-to-Fail" Banks in China Faces CNY400-500Bln Capital Gap in 5 Years: Wu Xiaoling
[2011-08-22]
The deemed “too big to fail” banks in China are facing a capital cap of as much as 400 to 500 billion yuan ($62 to 78 billion) in the coming five years, said a former deputy head of the central bank.
Europe's Financial Wasteland
[2011-08-22]
I have always assumed that the Germans would eventually recognize that their interests lie in preserving the eurozone intact.
Xu Xiaonian: Local Gov. may Consider Selling State Assets to Repay Debts
[2011-08-22]
“A reckless borrowing by local governments has created excessive debts; however, it seems to be a good idea to address this problem by selling local governments-owned assets in the short term.”
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