By Claudia Assis and Nick Godt, MarketWatch SAN FRANCISCO (MarketWatch) — Crude-oil futures ended 4.4% higher Monday, lifted by hopes that European leaders will agree on how to tackle the euro zone’s sovereign-debt crisis, and after Chinese economic data pointed to growth in manufacturing. Crude for December delivery /quotes/zigman/2084377 CL1Z +0.20% gained $3.87 to...
China, US move to revive North Korea nuclear talksPosted: 25 October 2011 0218 hrs GENEVA: Beijing and Washington attempted on Monday to revive long-stalled nuclear negotiations to disarm North Korea, with the two sides holding direct talks in Geneva and China’s vice-premier visiting Pyongyang. The US team led...
By Tom Orlik Worried about a bubble bursting in China’s real estate sector? You’re not the only one. Local media are reporting that some of Shanghai’s well-to-do residents have protested price cuts in two developments where they recently forked out for an apartment, running riot in the showroom of the hapless developer. According to...
SHANGHAI | Tue Oct 25, 2011 5:28am IST SHANGHAI Oct 25 (Reuters) – China’s Zhengzhou Commodity Exchange (ZCE) will begin trading of methanol futures on October 28 after receiving regulatory approval earlier this month, the Shanghai Securities News reported on Tuesday. The contract will trade on the ZCE for up to 12 months forward....
BEIJING: China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world’s second-largest economy. HSBC’s flash purchasing managers’ index (PMI) also showed price pressures eased in China, underlining consumer price data...
Enlarge image China GDP Engine Gets Less Mileage as BlackRock Sees Slowdow Forbes Conrad/Bloomberg Employees stand by a Sany Heavy Industry Co. 86m truck mounted concrete pump as it is introduced at the company’s factory in Changsha, Hunan Province, China, on Sept. 19, 2011. Employees stand by a Sany Heavy Industry Co. 86m truck...
The U.S. House of Representatives Ways and Means committee will convene a hearing on Tuesday to examine barriers to the sale of U.S. goods and services to China beyond the policy of keeping the Chinese currency weak — the issue that has drawn the most attention from lawmakers. AP Obama offers mortgage relief on...
BEIJING | Mon Oct 24, 2011 2:54pm IST BEIJING Oct 24 (Reuters) – China has set the 2012 non-state crude oil import quota at 29.1 million tonnes, the same as this year, the Ministry of Commerce said on Monday. The amount, equivalent to about 12.2 percent of China’s total crude imports last year, will...
Vivienne Westwood is not afraid to speak her mind, dissing the most beloved of public figures (read: Kate Middleton), calling New Yorkers “stuck up” and predicting Los Angeles’ imminent demise. So we’re only slightly surprised that the British designer told Women’s Wear Daily that despite her recent retail expansion into China, she’s not all...
BALI, Indonesia (AP) — U.S. Defense Secretary Leon Panetta is praising China for what he calls its “professional and diplomatic” response to the U.S. announcement last month of a nearly $6 billion arms sale to Taiwan, which will upgrade its F-16 fighter jets. At a news conference on the Indonesian island of Bali, Panetta...
