Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Business
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
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.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
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
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
HSBC Profits Double to $6.8 Bil.
British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions
Torch Will Help Blackberry Preserve Status Quo
BlackBerrys still fly off the shelves. They still convey the message that their owners mean business — that they're people who are important enough
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Coach Profits Jump As China Stores Open
A sharp in increase in sales in North America and Asia helped Coach's fourth-quarter net income rise 34 percent, the luxury handbag
GM China July Sales Rise 22%, Ford Falls
General Motors' China revenues grew 22% in July on the strength of Chevy sales. Rival Ford Motor Co's local sales fell 6.3%.
Asia Stocks Continue Rising, Europe Slips
European stock markets mostly fell Tuesday after big gains in the previous session while the euro spiked to a fresh three-month high
BMW Pofits Surge to $1.1 Bil. as China Sales Double
Second-quarter earnings at luxury car maker BMW AG surged to euro834 million ($1.1 billion) as better selling prices and robust demand in China
Kenny Huang Bids for Control of Liverpool
Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George ...
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
China Manufacturing Growth Continues Gradual Slowing
Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
Asia Stocks Rise on Booming China Trade
Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Bank of Korea Raises Growth Forecast to 5.9%
South Korea's central bank raised its forecast for the country's economic growth this year to 5.9 percent on solid exports
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.
Toyota Signals Willingness to Raise China Wages
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations
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
Google Q2 Shares Fall on Rising Payroll Costs
Google Inc. is doing its part to stimulate the economy and hurting its stock in the process. With its payroll
Phillips Profits Jump 5-Fold on Strong TV Sales
Football fans buying new flat screen televisions to watch the World Cup helped Dutch electronics maker Royal Philips Electronics NV post
Recovery Continues at Slower Pace
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs
Investors Dump Stocks Despite Strong Profit Reports
Profit is so boring. That's one way to characterize investors' suddenly blase view of Corporate America's single most important figure. Earnings gushed last week like ...
Airbus, Boeing Kick Off Show with Big Orders
Boeing Co. predicts significant new plane orders for itself and European arch rival Airbus at the Farnborough International Airshow
China, Japan Cut U.S. Treasury Holdings in May
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
Jobs Has Imperfect Response for iPhone Glitch
A perfect iPhone? There's no app for that. Apple Inc. will give free protective cases to buyers of its latest iPhone to prevent reception
GE Profits Rise but Revenues Slip 4%
Cost cutting and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007 on Friday
Stocks Rise in Europe As Asia Slips on U.S. Concerns
European stock markets rose Friday, helped by a late rally on Wall Street overnight, while the euro headed towards $1.30 for the first time
Agri Bank Shares Creep Up in HK After $22.1 Bil. IPO
Agricultural Bank of China's shares inched up in trading on the Hong Kong stock exchange Friday, despite a tepid reception in Shanghai
Asian Stocks Rise on Growth Data, Europe Flat
European stock markets and the euro were steady Monday as investors weighed the results of the stress tests into 91 EU banks
Europe Debt Crisis Eases on News from Germany, Spain
Europe got scraps of positive news Thursday in its battle to overcome a government debt crisis, as Germany cut its budget deficit forecast
Apple to Address iPhone 4 Antenna Problem Friday
Apple Inc. said it will hold a press conference on Friday to discuss the latest iPhone model, which has been beset by complaints
Wholesale Prices Fall for 3rd Consecutive Month
Wholesale prices fell for a third consecutive month as another drop in energy costs and the biggest plunge in food costs in eight years banished
New Jobless Claims Fall Sharply Again
New applications for unemployment benefits fell sharply last week as General Motors and other manufacturers skipped their usual summer shutdowns.
JPMorgan Profits Soar to $4.8 Bil. in Q2
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans
Novartis Q2 Profits Up 19% to $2.44 Bil.
Drug maker Novartis AG has reported a second-quarter increase in net profit of 19 percent to US$2.44 billion on strong sales.
2010 Foreclosures to Pass 1 Mil. for First Time
More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog
China Economy Grew 11.1% During First Half of 2010
China's rapid growth is slowing as the impact of its massive stimulus eases and Beijing clamps down on a credit boom.
Asian Stocks Slip on U.S. Slowdown Concerns
Asian stock markets retreated Thursday after disappointing news on the U.S. economy chilled sentiment in Asia.
HSBC Profits Double to $6.8 Bil.
British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions
Torch Will Help Blackberry Preserve Status Quo
BlackBerrys still fly off the shelves. They still convey the message that their owners mean business — that they're people who are important enough
RIM in Talks with India Over Access to Blackberry Emails
BlackBerry maker Research in Motion Ltd. says it has not agreed to heightened surveillance of its corporate clients by the Indian government
Most Carmakers Post Higher U.S. Sales for July
Most automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns
Toyota Shifts Focus to Emerging Markets
Toyota has set its sights on getting half of its sales from areas other than Japan, Europe and the United States, a senior company official ...
Coach Profits Jump As China Stores Open
A sharp in increase in sales in North America and Asia helped Coach's fourth-quarter net income rise 34 percent, the luxury handbag
GM China July Sales Rise 22%, Ford Falls
General Motors' China revenues grew 22% in July on the strength of Chevy sales. Rival Ford Motor Co's local sales fell 6.3%.
Asia Stocks Continue Rising, Europe Slips
European stock markets mostly fell Tuesday after big gains in the previous session while the euro spiked to a fresh three-month high
BMW Pofits Surge to $1.1 Bil. as China Sales Double
Second-quarter earnings at luxury car maker BMW AG surged to euro834 million ($1.1 billion) as better selling prices and robust demand in China
Kenny Huang Bids for Control of Liverpool
Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George ...
Toyota Posts $2.2 Bil. Profit As Global Sales Recover
Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales
BNP Paribas Profits Surged 31% on Retail Growth
BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux ...
China Car Sales Up 17.2% in July As Growth Slows
Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
China Manufacturing Growth Continues Gradual Slowing
Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined
Twitter-Crazed Japan Claims 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth
China Passed Japan to No. 2 Spot Says Currency Chief
China has overtaken Japan to become the world's second-largest economy, said China's currency chief Yi Gang in an interview
Chrysler to Add 900 Jobs for Midsize Car Plant
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism
Recovery Slowed in Q2
The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing
Revised Data Show Recession Was Underestimated
The recession was deeper than the government previously thought. The Commerce Department, in revisions issued Friday
Disney Sells Miramax to Hollywood Newcomers
The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year ...
Retailers Report Mostly Modest Gains in July
Deep discounts on summer leftovers and hot weather drove shoppers into malls in July, but they remained choosy, resulting in only modest gains.
German Export Growth Signals High-End Recovery
German exports grew by 3.8 percent on the month in June and reached their highest level since late 2008, official data showed Monday
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