Tencent Holdings Limited, China's leading Internet firm, has invested 448 million U.S. dollars in Sogou, the search engine arm of Internet company Sohu.com Inc., the companies announced Monday.
The U.S. economy is expected to have a stronger recovery, and the Fed's tapering on the quantitative easing should be slow and friendly to the markets, an economist at Merrill Lynch told Xinhua on Monday in an exclusive interview.
Emerging economies have reached a crossroads and need structural reforms to re-engineer growth and prepare for market turbulence as the U.S. Federal Reserve moves closer to winding down its stimulus policy, leading economists say.
The U.S. economy should address post-crisis challenges including Government-Sponsored Enterprise (GSE) reform, the shadow banking market, and the "too big to fail" phenomenon.
Japanese enterprises remained optimistic in China's market with more veering towards the service sector from traditional manufacturing as Sino-Japan economic ties cooled down due to disputes over the Diaoyu Islands.
Switzerland tops the overall rankings of 148 economies in the Global Competitiveness Report 2013-2014, followed by Singapore and Finland, the World Economic Forum (WEF) announced Wednesday in Geneva.
The GDP of the United States expanded at an annual rate of 2.5 percent in the second quarter this year, the best performance since the third quarter of last year, boosted by ongoing recovery of U.S. housing market and household consumption, showed figures from the Commerce Department Thursday.
The Shanghai Stock Exchange, the largest bourse in China by market capitalization, has defended its handling of a recent incident in which transaction sums were incorrectly inputted for Everbright Securities, misleading investors.
A spokesperson for the commission says the Everbright proprietary strategy trading system has flaws in program call and limit control, which resulted in huge orders at market prices.
China is expected to unveil a plan for a long-term mechanism to nurture the healthy development of the real estate market in the next three months, a senior industry official said Wednesday.
U.S. stocks soared Thursday, with the S&P 500 closing above the landmark level of 1,700 points for the first time in history, boosted by a batch of better-than-expected economic data and the Federal Reserve's reassurance.
How to increase China's labor market flexibility and optimize the order of different reforms with the goal of financial stability and higher efficiency are two major issues the country needs to think of in its medium-term reforms, an expert said Sunday.
How to increase China's labor market flexibility and optimize the order of different reforms with the goal of financial stability and higher efficiency are two major issues the country needs to think of in its medium-term reforms, an expert said Sunday.
Contrary to many's expectation, the latest intervention by the Central Bank of Syria (CBS) has succeeded in scaling down the exchange rate of the U.S. dollar against the Syrian pound by nearly 50 percent within a very short period of time. Yet, experts think that the measure is only temporary and the Syrian pound may soon depreciate again.
Chinese government officials, environment and energy experts, and entrepreneurs have vowed to join hands in accelerating the process of building a nationwide carbon emissions trading market.
U.S. stocks soared on Thursday, lifting the Dow Jones Industrial Average and the S&P 500 to their all-time closing highs, boosted by Federal Reserve Chairman Ben Bernanke's dovish speech on Wednesday.
U.S. stocks ended mixed on Wednesday with the S&P 500 and Nasdaq notching a five-day winning streak,as minutes of the Federal Reserve's June policy meeting showed that further improvement in the labor market would be needed before Fed's tapering of its bond buying.
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