China, Russia drive growth in billionaires
2011-03-10 05:57:48
Rising steel and oil prices in Russia, more honest disclosure in Brazil and booming economies in China and India have fueled a spike in billionaires in the so-called BRIC countries.
Chinese investment helps Europe's economic recovery
2011-03-09 22:43:23
As Chinese investment in Europe rises in the future, it will play an important role in driving European economic recovery and generating employment.
Best Buy sets eye on inland China for growth
2011-03-09 11:16:12
The US consumer electronics retailer Best Buy Co Inc said its China strategy will focus on expanding into inland cities, where consumption is booming and manufacturing groups are shifting production.
Delegations to US, EU will correct trade imbalance
2011-03-07 08:37:35
China will send two large trade delegations to the United States and two to European Union nations this year to help stimulate its imports, said the head of China's trade promotion organization.
Brazil's growth hits record high in 25 yrs
2011-03-04 11:16:43
Brazil's economy increased 7.5 percent in 2010, a record high since 1986.
BP says 2010 oil, gas reserves fell 1.2 percent
2011-03-03 19:28:26
BP's proven oil and natural gas reserves fell 1.2 percent in 2010, the company said in its annual report, reflecting the impact of asset sales to help pay for the Gulf of Mexico oil spill.
Twitter co-founder says not in stake sale talks
2011-03-03 17:08:44
Biz Stone, co-founder of popular microblogging site Twitter, denied a report that the company was in talks to sell a US$450 million stake to a JPMorgan fund, reiterating that it was committed to remaining independent.
Latest data shows floods hit Australia's economy
2011-03-03 11:11:00
The impact of the recent floods on Australia's economy is starting to show up in the latest official housing and trade data
China sees sharp rise in foreign exchange purchase
2011-03-03 08:32:34
China' s funds outstanding for foreign exchange (FOFE) rose to 23.08 trillion yuan ($3.51 trillion) at the end of January, up 24.39 percent or 501.65 billion yuan from December, according to the People's Bank of China, or the central bank, on March 2.
Jobs breaks from medical leave to unveil iPad 2
2011-03-03 06:44:59
Apple CEO Steve Jobs briefly emerged from his medical leave and walked on stage to a standing ovation Wednesday to unveil the second generation of the popular iPad.
Yahoo in talks to exit Japan: sources
2011-03-02 13:16:39
A deal to transfer Yahoo's 35 percent stake in Yahoo Japan to telecommunications company and investor SoftBank could come within a few weeks.
Higher oil prices threaten to become the new norm
2011-03-01 15:21:32
Ongoing turmoil in the Middle East and North Africa threatens to bring about an extended period of heightened oil prices, turning the recent spike in energy costs into the norm rather than the exception.
