Currency investors are bracing for dynamic changes to monetary and fiscal policy that could come next week.
While Swiss banks suffer, private bankers in Singapore are booming. How the city-state became the go-to destination for Asia’s new wealth.
Oil prices fell 1.5% Wednesday, following three consecutive days of advances, remaining in the low-$80 range ahead of the Federal Reserve’s highly anticipated policy meeting next week.
In addition to his media ventures, which includes Snob magazine, Mikhail Prokhorov owns the New Jersey (soon to be Brooklyn) Nets basketball team and investment bank Renaissance Capital. It’s been reported that he is also working on mass producing an affordable hybrid-powered car in his native Russia.
Few countries in the world make a bigger virtue of flaunting wealth than Russia, and there are few other places where a magazine called Snob could be expected to fly off the newsstands.
If you visited the World Expo 2010 in Shanghai you’ll know that the whole experience was one of those „only in China” gobsmacking superlatives. More than 60 million — 60 million — people visited the largest Expo site ever, with a one-day record on Sept. 23 of more than 631,000.
All hail the puny dollar?
Honda announced a recall Monday of nearly half a million vehicles with brake problems, just days after Toyota announced a similar recall.
Officials at the Group of 20 nations summit in South Korea have agreed on substantial changes for the International Monetary Fund, according to IMF Managing Director, Dominique Strauss-Kahn. If approved, the historic reforms would give developing nations a stronger voice within the institution.
U.S. Treasury Secretary Timothy Geithner met China’s Vice-Premier Wang Qishan on Sunday and „exchanged views” about economic relations between their countries, both sides said.
A group representing the world’s most prominent finance ministers wrapped up a two-day meeting in Korea Saturday with a pledge to not engage in currency wars or other economically protectionist policies.
There are no easy answers about quantitative easing when it comes to China. Either way, it will be a harsh landing.
The Obama administration has a big goal going into this weekend’s Group of 20 finance ministers’ meeting in South Korea: Press China and other nations to allow currencies appreciate.
China’s leading search engine reported a profit that doubled in its most recent quarter, on sales that soared 76% compared to last year.
Forget about the value of the yuan, cheap tires or chickens.
China’s economic growth slowed for the second quarter in a row, cooling fears that its economy is growing at an unsustainable pace.
The European economy is expected to grow at a slow pace next year as the region continues to struggle with huge public deficits and the lingering effects of the financial crisis.
The People’s Bank of China raised its benchmark interest rates by a quarter-percentage point early Tuesday, the first hike since December 2007.
Motor Trend magazine named the 2011 Porsche Cayenne as the winner of the SUV of the Year Award on Tuesday.
In his latest attempt to change the culture at BP in wake of the Gulf of Mexico oil spill, new chief executive Bob Dudley told staff in an e-mail this week that their next bonuses will be based solely on how they meet safety guidelines.
Motor Trend magazine named the 2011 Porsche Cayenne as the winner of the Sport/Utility of the Year Award on Tuesday.
The Treasury Department has again delayed a decision to label China a „currency manipulator,” even as more U.S. leaders call for efforts that would penalize China for undervaluing the yuan.
The dollar remained weak but regained some ground Friday as investors reacted positively to Fed chair Ben Bernanke’s comments about the central bank’s plans to pump more money into the economy.