China to File Compensation Claims Against ConocoPhillips on Bohai Oil Leak
China is preparing for a compensation claim against ConocoPhilips for damages to the environment resulting from offshore oil spills
The Outsourcing Bogeyman
In short, everyone wins from outsourcing of services. Alas, few understand this.
Apple Steve Jobs Resigns From Apple, Cook New CEO
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
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
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
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
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
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
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
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
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
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
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
“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.”
Baidu Apologizes over Unlawful Promotion Activities on its Web
China's largest searching engine apologized for unlawfully promotions for products on its website following a major state television’s assault in a series of reports.
Eurobonds without Fear
The day of the Eurobond may be near. What was once a quack’s idea for resolving Europe’s financial crisis is now the only reliable way to save the euro.
Chinese, U.S. Presidents on Economic Talks with Business Leaders
Business cooperation is among the first topics for discussion during Biden’s six-day visit, which began Wednesday.
Chinese Mainland Strengthening Financial Ties with Hong Kong: Normura Report
"We believe the announced measures should strengthen Hong Kong’s position as an international financial centre, while supporting China’s aim to internationalise the RMB."
The Challenging Billions
The world is in the midst of the greatest demographic upheaval in human history.Feeding, clothing, housing, and otherwise providing for this massive net addition to the global population is one of the main challenges
China Central Gov. Offers Strongest-Ever Support to Hong Kong
“The government will vigorously support the development of Hong Kong’s renminbi market, and expand channels of capital circulation between Hong Kong and the mainland"
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