China to Contribute to Europe Rescue
China is keen to contribute to a fund to bail out the euro zone, its trade minister said, underscoring the Asian powerhouse's growing interest in playing a bigger role in the global economy as its...
View ArticleLots of Bad News Today: Europe, Asia, Jobs ... All Bad
So much for TGIF: all economic reports today were either disappointing or just plain bad.First, people in Spain are taking their money out of local banks and putting them overseas. It’s similar to what...
View ArticleLast Week's Economy Started Badly, But Ended on a Good Note
A week ago, the economy was looking pretty bad. China and India’s economic growth have slowed. Before Europe even has a chance to fully deal with the Greek crisis, another one sprang up: Spain. In the...
View ArticleUS trade gap shrinks as exports rise
The U.S. trade deficit shrank in May, as exports to places like China and Europe rose, defying concerns about a global economic slowdown. The Commerce Department said Wednesday that the trade deficit...
View ArticleStock market is ending the week on a sour note
Stocks are opening lower on Wall Street, deflated by signs that the global economic meltdown is being felt across Asia... China reported sharply lower growth in its exports. The so-called fiscal cliff,...
View ArticleChina’s rise isn’t squeezing Europe as much as you’d think
Some countries are hard-hit, like Portugal, Greece, and Italy in the case of textiles, but most countries actually come out ahead. So is rising Chinese productivity good? To quote Sam Shakusky, who’s...
View ArticleWoes deepen in Europe and China; U.S. the bright spot
The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with...
View ArticleChina's Most Immediate Economic Problem
Like any nation, China has a host of problems, both societal and economic. It's getting older. It has yet to develop large portions of the west. Corruption is rampant. It has not serious...
View ArticleExclusive: Russia plans $25-$30 billion oil-for-loans deal with China
Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from...
View ArticleBaby food shortage in Europe due to China demand
Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right...
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