China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
Business
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
IMF Boosts Global Growth Forecast Despite Risks
The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky
Japan's Economic Recovery Faltered in May
Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Google Agrees to Stop Sending China Search to HK
Google Inc. said Tuesday it will stop automatically rerouting users of its China search site to its Hong Kong site after Beijing threatened the company
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
U.S. Forced to Turn to Asia for Shrimp
As the Gulf Coast oil spill continues to gush, U.S. seafood suppliers are turning to Asia to ensure Americans have enough shrimp for their gumbos, ...
Consumer Spending, Incomes Up Slightly in May
Consumer spending rose slightly in May, a sign that Americans are cautious about the economic recovery.
Japan Carmakers Report Global Production Surge
Toyota's global car production zoomed 27 percent in May as Japanese automakers benefit from improving demand in Asia and the U.S.
Neighborhood Gas Stations Suffer from BP Boycott
Tension is mounting between BP and the neighborhood retailers that sell its gasoline.
Hu Warns of Threat from Currency Fluctuations
China's president says wildly fluctuating currency exchange rates can threaten world financial markets.
Banking Reform Could Push Some Trading to Asia
Will the U.S. financial overhaul push big firms to transfer business to Europe? Some say no: Europe is also working on efforts to tighten up ...
iPhone 4 Users Report Reception Problems
First there's the anticipation. Then, the long lines, followed by the triumphant walk out of the Apple store, new gadget in hand.
Toshiba to Enter Electric Car Battery Market
Japanese electronics maker Toshiba Corp. said Friday it's jumping into the battery business for electric vehicles in a development deal with Mitsubishi
Toyota Recalls 92,000 Luxury Cars in Japan
Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback
Asian Stocks Mixed on Conflicting U.S. Economic Data
Asian stock markets were mixed in early trading Monday as a disappointing U.S. jobs report sparked worries that a recovery in the world's largest
Obama Awards $2 Bil. for Solar Power Plants
The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs
China Workers End Another Electronics Plant Strike
Workers at a Japanese-owned electronics plant in northern China have ended a strike over pay and benefits after four days
More Private Sector Jobs Bring Down Jobless Rate
A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number ...
Gas Prices Likely to Fall Over July 4th Weekend
The economy may be making people nervous, but drivers should have a happy Fourth of July at the pump.
Economy Still Headed in Right Direction Says Obama
President Barack Obama on Friday cast the state of the economy in upbeat terms, declaring that it was headed in the right direction even as ...
China Revises 2009 Growth Upward to 9.1%
China's economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its
GM Sales in China Overtake U.S. on Surging Demand
General Motors Co. says its first-half sales of vehicles in China overtook the U.S. for the first time amid a fitful recovery in American demand.
China Spreads Prosperity with Western Boomtowns
China's go-west strategy is erasing the glaring economic disparity between the prosperous coastal regions and the vast western inland regions.
Video Game Retail Sales Fall on Lower Console Prices
Video game retail sales slipped once again in May, hurt by lower prices of gaming consoles.
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
China Rating Agency Offers Alternative Risk Assessments
A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government
China Foreign Reserves Hit $2.45 Trillion
China's foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
China June Imports Skyrocket 53%
China's customs agency on Saturday said exports were up 35 percent in June from a year ago, while imports rose almost 53 percent.
Dow Finishes Week Up 5.3% for Year's Best Gain
The stock market ended its best week in a year with another gain Friday as investors bet that companies will report strong second-quarter earnings.
Chrysler to Set Up Separate Fiat Dealer Network
Chrysler Group LLC will set up a separate dealership network to sell cars made by Italy's Fiat Group SpA when they are reintroduced in the ...
Peugeot Citroen Signs $1.2 Bil. to Make Cars in China
France's PSA Peugeot Citroen SA signed a deal Friday to set up a euro935 million ($1.2 billion) joint venture to make small, low-emission cars
World Stocks Continue Rise on Korea Rate Hike
World stock markets rose Friday on hopes that global economic growth will prove resilient, with investors viewing a surprise interest rate hike
Bank of Korea Raises Interest on Strong Growth
South Korea's central bank raised its key interest rate Friday from a record low amid prospects for faster growth in the country's economy.
China Renews Google's Web Operating License
Google CEO Eric Schmidt said Thursday he expects Beijing to renew the license the company needs to continue operating a website in China.
Rising Costs Force Big Shift from South Coastal China
Factory workers demanding better wages and working conditions are hastening the eventual end of an era of cheap costs that helped make southern
New Jobless Claims Drop Sharply
New claims for unemployment benefits dropped sharply last week, a sign that layoffs could be slowing. At the same time, hundreds of thousands
Tepid June Retail Sales Separate Winners, Losers
Americans focused on deeply discounted clothing that they needed in June amid escalating worries about jobs, resulting in sluggish sales for many retailers
World Stocks Continue Rising on Growth Upgrade
World markets climbed Thursday on hopes that the global economy will recover faster than expected and as investors prepared for a European
IMF Boosts Global Growth Forecast Despite Risks
The global economy is recovering faster than expected but Europe's debt crisis might stall the rebound and governments need to shore up shaky
Japan's Economic Recovery Faltered in May
Japan's economic recovery faltered in May as moderating export demand dented factory output, household spending fell and the jobless rate
Britain May Slip Back into Recession on Weak Exports
Britain could be pushed back into recession by the government's austerity moves and slow recovery in key export markets
Asia Falls on Fears of Slowing in China, U.S.
European markets edged higher in volatile trading Wednesday a day after logging steep losses, while major Asian indexes closed down on worries
China Honey Producers Run Afoul of Tough U.S. Laws
Businessman Yan Yongxiang was trying to get around stiff U.S. levies on imports of cheap Chinese honey. So he sent 15 shipping containers of cut-rate ...
Consumer Confidence Falls Most Since Feb.
So much for optimism. A dramatic drop in consumer confidence sent stocks plunging Tuesday and left a key index at its lowest level of the ...
Stocks Skid on Renewed Global Slowdown Fears
No matter where they look, investors are seeing economic trouble. Stocks and interest rates plunged Tuesday after signs of slowing economies
Tesla IPO Raises $226 Mil., Shares Surge
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money
Distillers Dare Drinkers to Try Flesh-Flavored Vodkas
Prepare your palate for carnivorous cocktails. The Alaska Distillery in Wasilla just recently launched its Smoked Salmon Flavored
Foxconn to Build Megaplant in China Despite Deaths
Foxconn Technology, a supplier to Apple Inc., looks ready to build a huge new factory in north-central China despite the company's own misgivings
Google Agrees to Stop Sending China Search to HK
Google Inc. said Tuesday it will stop automatically rerouting users of its China search site to its Hong Kong site after Beijing threatened the company
Ford Pays $4 Bil. More to Reduce Debt Load
Ford Motor Co. says it's making another $4 billion payment on its huge debt.
Interest Rates Falls to Lowest Level in 14 Months
A darkening view of the economy sent bond market interest rates to their lowest level in 14 months and kept many investors out of the ...
Apple Sells 1.7 Mil. iPhone 4 in 3 Days
Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the ...
U.S. Forced to Turn to Asia for Shrimp
As the Gulf Coast oil spill continues to gush, U.S. seafood suppliers are turning to Asia to ensure Americans have enough shrimp for their gumbos, ...
Consumer Spending, Incomes Up Slightly in May
Consumer spending rose slightly in May, a sign that Americans are cautious about the economic recovery.
Japan Carmakers Report Global Production Surge
Toyota's global car production zoomed 27 percent in May as Japanese automakers benefit from improving demand in Asia and the U.S.
Neighborhood Gas Stations Suffer from BP Boycott
Tension is mounting between BP and the neighborhood retailers that sell its gasoline.
Hu Warns of Threat from Currency Fluctuations
China's president says wildly fluctuating currency exchange rates can threaten world financial markets.
Banking Reform Could Push Some Trading to Asia
Will the U.S. financial overhaul push big firms to transfer business to Europe? Some say no: Europe is also working on efforts to tighten up ...
iPhone 4 Users Report Reception Problems
First there's the anticipation. Then, the long lines, followed by the triumphant walk out of the Apple store, new gadget in hand.
Toshiba to Enter Electric Car Battery Market
Japanese electronics maker Toshiba Corp. said Friday it's jumping into the battery business for electric vehicles in a development deal with Mitsubishi
Toyota Recalls 92,000 Luxury Cars in Japan
Toyota started recalling more than 90,000 luxury Lexus and Crown vehicles Monday in Japan over defective engines — the latest setback
Asian Stocks Mixed on Conflicting U.S. Economic Data
Asian stock markets were mixed in early trading Monday as a disappointing U.S. jobs report sparked worries that a recovery in the world's largest
Obama Awards $2 Bil. for Solar Power Plants
The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs
China Workers End Another Electronics Plant Strike
Workers at a Japanese-owned electronics plant in northern China have ended a strike over pay and benefits after four days
More Private Sector Jobs Bring Down Jobless Rate
A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number ...
Gas Prices Likely to Fall Over July 4th Weekend
The economy may be making people nervous, but drivers should have a happy Fourth of July at the pump.
Economy Still Headed in Right Direction Says Obama
President Barack Obama on Friday cast the state of the economy in upbeat terms, declaring that it was headed in the right direction even as ...
China Revises 2009 Growth Upward to 9.1%
China's economy grew even faster in 2009 than previously reported, adding to concern the flood of stimulus spending and loans that drove its
GM Sales in China Overtake U.S. on Surging Demand
General Motors Co. says its first-half sales of vehicles in China overtook the U.S. for the first time amid a fitful recovery in American demand.
China Spreads Prosperity with Western Boomtowns
China's go-west strategy is erasing the glaring economic disparity between the prosperous coastal regions and the vast western inland regions.
Video Game Retail Sales Fall on Lower Console Prices
Video game retail sales slipped once again in May, hurt by lower prices of gaming consoles.
Google to Buy Travel Tech Firm ITA for $700 Mil.
Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer ...
GM Reports June Sales Drop from May
Sales of General Motors Co. cars and trucks fell nearly 13 percent from May to June, a sign that this year's slow recovery in auto ...
Global Stocks Slide on Growth Slowdown Fears
Global stock markets fell Thursday after weak manufacturing surveys provided new evidence that the world's biggest economies, from the U.S. to China
German Consumer Spending Shows Signs of Life
A small rise in retail sales offered a hopeful sign Thursday for Germany's long-sluggish domestic demand, even as the country's economy minister
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