BEIJING (AP) — Chinese Premier Wen Jiabao on Monday reasserted the Communist Party’s ultimate control over the armed forces at a time of rising defense budgets and sharpening regional territorial disputes. Wen’s remarks in a wide-ranging address at the opening of the legislature’s annual 10-day session aimed to quash scattered calls for the 2.3...
China, the biggest carbon emitter, said it will meet its five-year projection for saving energy and curbing greenhouse gases through 2015 even after missing its 2011 target following a drought that reduced hydropower. “Last year wasn’t good enough to reach emission-cut targets,” said Zhang Ping, head of the National Development and Reform Commission, the...
U.S. stock-index futures dropped, indicating the Standard Poor’s 500 Index will fall for a second day, as China cut its economic growth target for 2012. Citigroup Inc. (C) declined in German trading. ConocoPhillips (COP) fell, following oil prices lower. Zynga Inc., the developer of social-media games, slipped 3.1 percent as JP Morgan Chase Co....
Tourists from Hubei Province pose for photos in Chinese emperors clothing during the Lunar New Year holiday at the start of the ‘Year of the Dragon’ in Beijing on January 27, 2012. Chinese leaders want the country’s workers to try out something they seldom do: take a vacation. China will “implement the system of...
LONDON (AP) — Worries over China’s economic growth and whether Greece can entice enough private creditors to participate in a bond swap deal weighed on markets Monday, at the start of a busy week which culminates with closely-watched U.S. jobs figures. Investors are getting increasingly fearful that China’s economy is coming off the boil....
By Andrea Tse U.S. stock futures pointed to a lower open Monday on worries about a slowdown in global growth. Futures for the Dow Jones Industrial Average ($INDU) were falling 35 points at 12,933. Futures for the SP 500 ($INX) were down 4.6 points at 1,364, and futures for the Nasdaq ($COMPX) were behind by 8.7 points at 2,634. U.S. stocks...
March 5 (Bloomberg) — Callum Henderson, global head of foreign-exchange research in Singapore at Standard Chartered Plc, talks about the global currencies market and investment strategy. Henderson speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) The yen rallied versus all of its most-traded counterparts after China said it will...
By Carla Mozee, MarketWatch LOS ANGELES (MarketWatch) — Stocks in Brazil dropped Monday, with resource-related stocks among those hit, after the country’s biggest trading partner lowered its yearly growth target. Stocks across Latin America and in the U.S. fell in the wake of the Chinese government’s cut of its economic growth target to 7.5%...
