Tag Archive | "Business News"

Top Headlines: Westpac Posts $3.3B Profit – Businessweek

Chinese legal activist Chen Guangcheng is being treated in a Beijing hospital after leaving the U.S. embassy under a deal that quickly started to unravel and now threatens to derail annual cabinet-level talks between the two nations. Susan Li reports.

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US presses China over currency in economy talks – AP – msnbc.com

U.S. Treasury Secretary Timothy Geithner urged Beijing to let China’s tightly controlled currency rise in value amid strains over trade and industrial policy at a high-level economic dialogue Thursday. Beijing has allowed the yuan to rise gradually but…

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China rail ministry lost $1.1 billion in first-quarter: report – Chicago Tribune

BEIJING (Reuters) – China’s heavily-indebted Ministry of Railways suffered a loss of 7 billion yuan ($1.1 billion) in the first quarter, local media reported on Thursday, after steep debt repayments of more than 28 billion yuan depleted its cash holdings.

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Geithner Sees Need for 1970s-Style Shift in China Economy – Bloomberg

To contact the reporter on this story: Ian Katz in Beijing at ikatz2@bloomberg.net. To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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China-South Korea Trade Pact Seen Aiding Regional Stability (Beijing) – nola.com

BEIJING — China and South Korea are starting discussions toward reaching a free-trade agreement and want to establish the accord as early as possible, Chinese Commerce Minister Chen Deming said. The first round of talks will take place this month, Ch…

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Dissident to stay in China, Beijing denounces U.S. meddling – msnbc.com

BEIJING (Reuters) – Blind Chinese dissident Chen Guangcheng left the U.S. Embassy in Beijing on Wednesday after days of negotiation between the two governments, but supporters said Chen agreed to the deal reluctantly after his family were threatened wi…

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Dissident to stay in China, Beijing denounces U.S. meddling – msnbc.com

BEIJING (Reuters) – Blind Chinese dissident Chen Guangcheng left the U.S. Embassy in Beijing on Wednesday after winning striking concessions from Communist Party authorities that will keep him as a pivotal figure in China-U.S. relations. Chen’s dramati…

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Auto debuts at Auto China 2012 in Beijing – Yahoo Finance

Some noteworthy new models due to receive world debuts at Auto China 2012 in Beijing, which opens to the public on April 27. The show is an important platform for automakers who want to boost sales at a time of slower demand in the world’s …

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Clinton: Beijing must keep commitments in Chen case – msnbc.com

BEIJING (Reuters) – U.S. Secretary of State Hillary Clinton said on Wednesday the United States had handled the case of blind Chinese human rights activist Chen Guangcheng “in a way that reflected his choices and our values,” and that it was crucial to…

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China Yuan Gains on Record Fixing Before Geithner Visits Beijing – Bloomberg

The yuan climbed the most in two weeks before talks between U.S. and Chinese officials in Beijing tomorrow that will probably include discussion of whether the currency is undervalued. “That’s definitely a friendly fixing for tomorrow’s …

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Automakers unveil new models at Beijing show – Yahoo Finance

BEIJING (AP) — Ford unveiled a three-cylinder mini-SUV and Chrysler showed a dragon-theme Jeep on Monday as automakers rolled out models designed for Chinese buyers at the Beijing auto show amid tougher competition in the world’s biggest …

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Automakers unveil new models at Beijing show – Yahoo Finance

BEIJING (AP) — Ford unveiled a three-cylinder mini-SUV and Chrysler showed a dragon-theme Jeep on Monday as automakers rolled out models designed for Chinese buyers at the Beijing auto show amid tougher competition in the world’s biggest …

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A Storm Is Brewing Between Washington and Beijing: Niall Ferguson – Yahoo Finance

Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are headed to China this week for annual meetings, and several contentious issues including China’s currency manipulation and human rights record are likely to be …

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Beijing Leaders Said to Reach “Four Consensuses” Before 18th Congress – The Epoch Times

According to a high-level source in Beijing, key leaders in the Chinese Communist Party’s (CCP) Politburo have reached four consensuses that will be announced on or around the 18th Party Congress. The tenor of the decision is that China will take the…

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Beijing prof. addresses China’s global economy – Stanford Daily

“Even if the direction is right you cannot reach the destination overnight,” said Fu Jun, professor of political economy and executive dean of the school of government at Beijing University, in a talk Monday on economic growth in China.

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