The US and Chinese economies have great potential to grow together and the two sides need to make concrete progress in bilateral cooperation, said Lael Brainard, an undersecretary at the Treasury Dept.
Experts: Time not ripe to float China's yuan
Mortgage finance giant Freddie Mac (FMCC.OB) on Wednesday said it lost just short of a billion dollars last quarter, though it did not ask taxpayers for more aid as the loss stemmed from interest payments to the government.
South Korea's parliament approved a free trade bill with the European Union on Wednesday, clearing the last obstacle for the pact to take effect in July that is expected to boost the value of trade in goods between them to about 100 billion euros
Some 3 billion Asians could rise to affluent status by 2050 if Asia sustains its present growth momentum and avoids being trapped at middle income levels, according to an Asian Development Bank report.
Next, Britain's No. 2 fashion retailer, raised its guidance after first-quarter sales beat expectations, boosted by exceptionally warm weather over Easter and spending ahead of the Royal Wedding holiday weekend.
The US government sued Deutsche Bank AG for more than $1 billion, accusing the German bank of defrauding it by repeatedly lying to obtain federal insurance guarantees on mortgage debt.
Indonesia's improving investment climate and high automobile sales led two major Japanese car makers, Daihatsu and Suzuki, to name the country their production base for global and regional markets, local media reported here on Wednesday.
US treasury secretary Timothy Geithner said the US is making progress in winning back the trust in its ability to manage its debt.
Guinea "welcomes" Chinese investment to stimulate economic growth in what Alpha Conde, president of the West African state, said was a "win-win" situation.
The United States will attempt to push China to further its financial reforms and open up its capital market to foreign firms in the coming 3rd Strategic and Economic Dialogue scheduled for next Monday and Tuesday.
Nasdaq OMX Group and IntercontinentalExchange Inc will take their takeover bid for NYSE Euronext straight to the Big Board's shareholders as they try to corner the company into talks.
Indian central bank Reserve Bank of India decided to raise key interest rates by 0.5 percent Tuesday to contain persistent high inflation, according to its latest monetary policy statement.
Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
UN's top environmental honors go to three in China
German trains collide near Duesseldorf, several people injured
China beats Germany 7-4 in men's curling Olympic qualification
Bayern beat Paris Saint-Germain 3-1 in UEFA Champions League
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