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- Former U.S. labor secretary aims to bridge U.S.-China gaps
Former U.S. Secretary of Labor Elaine L. Chao, the first Chinese-American serving in the U.S. cabinet, now eyes a new task: bridging gaps between the United States and China. 'I do hope, as I have stepped down now, I will continue to work on China-U.S
- Venezuela assumes control of bank
By Will Grant BBC News, Caracas Nationalisation is a major policy of Hugo Chavez Venezuela has taken formal control of its third largest bank, the previously Spanish-owned Banco de Venezuela. The first instalment of a $630m (387m) price tag was made amid
- China fund to buy $1.5 bln stake in Canadian miner
BEIJING (AFP) - China's sovereign wealth fund said it would buy 1.5 billion dollars worth of shares of the Canadian mining company Teck Resources Ltd. The purchase by the China Investment Corp would amount to a 17.2 percent equity stake in Teck, giving
- Bigger Wall Street bull planned for Shanghai
BEIJING: China's financial capital Shanghai plans to build a bigger version of New York's charging bull statue that sits near Wall Street in lower Manhattan for its waterfront, state media said Saturday. The giant statue will weigh more than 13,200
- China takes minority stake in Canadian miner
LONDON (Menafn - MarketWatch) -- Demonstrating the country's continued interest in buying resource firms, the state-run China Investment Corp. on Friday reached a deal to buy a 17% stake in the Canadian miner Teck Resources. The stake, worth C$1.7
- Teck to sell 17 pct stake to China for C$1.74 billion
China, the No.1 importer of iron ore, copper and other commodities, has been steadily buying stakes in overseas producers in a broad strategy aimed at securing supply for its burgeoning economy. Teck, a top producer of zinc, copper and metallurgical
- China central bank chief warns of risks in stimulus push
Some projects may be too wasteful, and some projects in local areas may endanger (investors) ability to pay back loans, Zhou Xiaochuan, the Peoples Bank of China governor, told a forum at the Chinese Academy of Social Sciences, without elaborating. Zhous
- China refutes air results inaccuracy during Olympics
BEIJING, July 4 (Xinhua) -- Chinese Minister of Environmental Protection has refuted doubts over the accuracy of the air quality test results in Beijing during the 2008 Olympics and blamed media's exaggeration of the capital's pollution. Zhou Shengxian
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AFP - Two US soldiers and up to 32 militants died in fighting in eastern Afghanistan, as Marines battling in the south pressed one of their biggest assaults of the eight-year war.
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