Topic: Financial Markets
US ambassador urges China cooperation on Iran
AP News
US ambassador urges disputes with China be separated from cooperation on international issuesBeijing needs to take seriously American concerns about the value of the Chinese currency, but bilateral disputes should not impede cooperation on global issues such as climate change and Iran's nuclear program, the U.S. ambassador to ...
Greek PM warns over effect of high borrowing costs
Reuters US Online Report Business News
BRUSSELS (Reuters) - Greece's prime minister warned on Thursday that Athens would not be able to make planned deficit cuts unless it can borrow money more cheaply and said he would prefer not to have to turn to the IMF for help. Prime Minister George Papandreou told a committee in ...
KongZhong shares rise on strong report
AP News
KongZhong shares rise on quarterly profit jump and strong first-quarter revenue outlookShares of KongZhong Corp. jumped on Wednesday after the Chinese wireless entertainment company reported sharply higher fourth-quarter profit and revenue. The company also gave a strong first-quarter revenue outlook. U.S.-listed shares of KongZhong rose $1.81, or ...
Yuan rise would be disastrous: China export body
Reuters US Online Report Business News
BEIJING (Reuters) - A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy. The China Council for the Promotion of International Trade was checking ...
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