The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) last week dropped slightly to 107.77 U.S. dollars per barrel last week, the Vienna-based cartel said Monday.
IBM Corp. has agreed to pay $10 million to settle allegations that it bribed Chinese and South Korean government officials for more than a decade to win contracts.
China's Minister of Commerce Chen Deming said on Sunday that China hopes countries with large trade deficit with it could loose export control.
The New York Times will start charging people for unlimited access to its website and mobile services this month, ending the free usage that online readers of the third-largest US newspaper have enjoyed for most of the past 15 years.
Steady rises in global food prices may continue and it will have far-reaching impact, especially on the poor, two International Monetary Fund economists say.
The Japanese economy would not collapse despite the triple strike of earthquake, tsunami and radioactive leaks, Ernst & Young Chairman and Chief Executive Officer James S. Turley said here Thursday.
The British unemployment rate increased to 8.0 percent for the first three months of this year, comparing with the previous three months to October, the highest level since 1996.
Japan's central bank pumped billions more into the financial system Tuesday to quell fears that the country's banks could be overwhelmed by the impact of the massive earthquake and tsunami.
India's inflation quickened to an uncomfortable 8.3 percent in February, while solid growth in production and exports failed to stem the outflow of foreign portfolio investment in Asia's third largest economy.
Rising steel and oil prices in Russia, more honest disclosure in Brazil and booming economies in China and India have fueled a spike in billionaires in the so-called BRIC countries.
The 2011 Forbes list of the World's Billionaires was revealed Wednesday, March 9, with encouraging results for Chinese businessmen as Robin Li, CEO of search site Baidu Inc is listed at No 95.
Debasing the US dollar would not help reduce the massive US trade deficit with China.
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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