CAIRO — The Arab League chief said on Monday there were signs that China and Russia could be shifting their stance on Syria after the two permanent members of the U.N. Security Council vetoed a Western-backed Arab peace plan aimed at ending violence there. “There are indications coming from China and to some extent from...
Copper rose for the first time in seven days. Photographer: Chris Ratcliffe/Bloomberg The People’s Bank of China said it will reduce the proportion of cash that lenders must set aside by half a percentage point from Feb. 24. Photographer: Nelson Ching/Bloomberg Stocks rose for a fourth day and metals rallied after China’s central bank...
Editor’s note: Victor Cha is senior adviser and Korea chair at the Center for Strategic International Studies (CSIS), a Washington-based bipartisan think tank, and author of “Beyond the Final Score: The Politics of Sport in Asia.” (CNN) — Jeremy Lin, the benchwarmer-turned-star starting point guard for the New York Knicks, has powered his team...
If you’re a basketball fan, or a New Yorker, you’ve definitely heard about Linsanity. It’s the underdog story of a Chinese American Harvard graduate being undrafted and cut from NBA teams before exploding, in well “Linsanity”. And for the past two week, it has been the talk of the sports world. No one saw...
Iran’s Oil Ministry on Sunday announced the suspension of crude oil sales to companies from the U.K and France as the Islamic state responds to a European Union embargo set to take effect July 1. France’s Total and Britain’s BP had already ceased purchasing Iranian oil prior to the announcement, so the impact on...
The controversy surrounding the use of the iPad name in China continued over the weekend, with a court in Southern China ordering Apple to stop selling its popular tablet there. Cupertino is not taking this lying down, however, reportedly threatening its own legal action over “misleading” statements. According to the Financial Times, the People’s...
TORONTO – Eager to gain access to the immense potential of the Chinese financial services industry, the Bank of Montreal is building on its presence in China through a strategic partnership with a state-owned trust company. BMO announced Monday it had entered into an agreement to acquire a stake in COFCO Trust Co., a...
By Kevin Yao BEIJING | Tue Feb 21, 2012 11:54am GMT BEIJING (Reuters) – Any surprise at the timing of China’s move this weekend to spur bank lending may be misplaced. Instead, investors should recognise that China is determined to engineer a soft landing for the world’s second-biggest economy. Premier Wen Jiabao had flagged...
BEIJING — China has not decided whether to accept an invitation to discuss the brewing civil war in Syria with other world powers later this week in the Tunisian capital, a foreign ministry spokesman said on Tuesday. The Friends of Syria, backed by Western powers and the Arab League, will meet in Tunis on Friday...
China Telecom, the country’s No. 3 carrier and No.1 Wi-Fi provider, gets the iPhone Would-be iPhone 4S buyers in Beijing last month. Photo by Feng Li/Getty Images “We’ve been very, very focused on China,” Apple (AAPL) CEO Tim Cook told the audience at last week’s Goldman Sachs technology conference. One result of that focus became clear...
