China's industrial output accelerated in October, retail sales showed a solid gain, and inflation was stable as the world's second-largest economy showed early signs of fourth-quarter strength.
The 10.3 percent year-on-year gain in production at China's factories, workshops and mines announced by the National Bureau of Statistics (NBS) marks a marginal acceleration from September, when the indicator showed an increase of 10.2 percent.Full Story
Nissan Motor will start producing mini-vehicles, a special category of small cars in Japan, as early as next year in a bid to maintain its jobs and production level, a report said Saturday.
The move would mark the first time that Nissan producing "kei" category cars, defined as automobiles with engines of 660cc or smaller.Full Story
The EU's Trade Commissioner Karel De Gucht will appear in a Belgian court on November 25 to face claims of 900,000 euros in unpaid taxes, Belgian dailies reported Friday.
The former Belgian foreign minister, who is currently playing a key role in trade talks with Asian nations and the United States, has informed the head of the EU executive of the dispute, a European Commission spokeswoman told reporters.Full Story
Twitter's stock took to its wings in its public debut, closing up more than 70 percent. The day flew by with nary a hitch and gave birth to a new batch of Silicon Valley millionaires — even a few billionaires.
Now comes the hard part. With Twitter's value skyrocketing in just a day, the 7-year-old company that's never turned a profit and has just a fraction of Facebook's user base must prove to investors that it's worth the money. Twitter stock ended Thursday's trading at $44.90, giving the company a market value of $31 billion. That's $13 billion more than on Wednesday night, when the company set its IPO price at $26.Full Story
A boom in gas production will reshape the U.S. role in Asia and could fuel new tensions with a growing, energy-hungry China, a new report says.
U.S. foreign policy has historically been based largely on demand for outside energy, with Washington closely allying itself with oil-rich Arab monarchies.Full Story
Chinese exports grew faster than expected in October, data showed Friday, adding to signs the economy is picking up but analysts cautioned that global headwinds could still block any further improvement.
The General Administration of Customs said overseas shipments expanded 5.6 percent year-on-year to $185.4 billion last month, reversing a 0.3-percent fall in September. It is also ahead of a median forecast of 1.5 percent in a poll of economists by the Wall Street Journal.Full Story
Saudis have begun complaining of surging labor costs following the exodus of a million foreign workers, although economists insist there will be long-term planning benefits from fully regulating the market.
Professionals in the kingdom, both Saudi and expatriate, say the freelance tradesmen who used to queue for odd jobs in public squares have virtually disappeared since police patrols began the strict enforcement of tough labor laws this week, rounding up thousands of illegals for deportation.Full Story
The Russian economy ministry on Thursday significantly cut the country's growth forecast through 2030 due to falling investment and exports as well as an expected slowdown in retail trade.
Economy Minister Alexei Ulyukayev's announcement came just two weeks after Russia reported a disappointing 1.2-percent third-quarter growth figure that meant the economy would have a tough time expanding beyond two percent in 2013.Full Story
Taiwan signed a free trade deal with Singapore on Thursday, its first with a Southeast Asian country, as the diplomatically isolated island steps up efforts to join regional economic blocs.
The "economic partnership agreement" was signed in Singapore just months after Taiwan struck a similar deal with New Zealand, its first with a country that has diplomatic ties with China.Full Story
Twitter has set a price of $26 per share for its initial public offering, which means the company's stock can begin trading Thursday on the New York Stock Exchange in the most highly anticipated IPO since Facebook's 2012 debut.
The price values Twitter at more than $18 billion based on its outstanding stock, options and restricted stock that'll be available after the IPO. That's more than Macy's, which has a market capitalization of $17 billion, and Bed Bath & Beyond, which is around $16 billion.Full Story