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One casino stock is still getting punished after a massive Macau heist
Wynn Resorts is still getting punished for a $258 million heist in Macau.After a slight pop in the share price after the theft, the stock is down 4% on Thursday, suggesting that the market thinks that...
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One new phrase jumped out in the Fed's statement
The Fed didn't budge.On Thursday, the Federal Reserve kept its benchmark interest rates pegged at 0% to 0.25%, where they've been since December 2008.So, effectively, not much has changed.But there was...
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These are the Chinese military advancements that could shift the balance of...
China wants to be Asia's unquestioned military power and is rapidly upgrading its arsenal.Beijing is developing next-generation fighter jets, ballistic missiles, and advanced naval vessels — partly in...
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The chairman of HSBC just defied everyone on China's growth target
Douglas Flint, HSBC chairman, should know a thing or two about the Chinese economy.For a start, he's on the economic advisory boards for both the mayor of Beijing and mayor of Shanghai. And his bank...
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Automakers in China are squeezing every dollar to make up for the economic...
As China's economy loses pace and car sales flatline, automakers are having to redouble their efforts to squeeze every dollar from their dealerships - beefing up after-sales and financing services that...
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China firms have signed on to help build a high-speed Las Vegas-to-Los...
BEIJING (Reuters) - A unit of China's CRRC Corp, the world's biggest train maker by revenue, on Thursday joined a group of its domestic peers in agreeing a deal to help build a high-speed link from Las...
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A new element of uncertainty has been brought into the discussion of global...
On Thursday, the Federal Reserve kept its benchmark interest rate pegged at 0% to 0.25%, which is where they have been since December 2008.At first glance, it looked as if nothing really changed.But...
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The US just did China a favor by extraditing a wanted 'Sky Net' fugitive
The United States government repatriated a Chinese businessman on the list of the top 100 wanted Chinese fugitives on Friday, says the Chinese government.Yang Jinjun, who is suspected of bribery and...
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Here's how the US should view the South China Sea
With President Xi Jinping’s pending visit to the United States, it is important to take stock of the subjects uniting China and America and those over which disagreement is inevitable. The latter...
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America's approach to China is painfully outdated
James Mann is a fellow at the Johns Hopkins School of International Studies and the author of three books about America and China, including “About Face: A History of America’s Curious Relationship...
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Here's how China's aircraft carrier stacks up to other world powers'
An epic military parade earlier this month showed off some of the Chinese military's new toys, unveiling heavy vehicles in maritime camouflage as the country's island-building in the South China Sea...
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People in China have stopped buying cement
If China's economy is growing at 7% or more per year, why has the price of cement there dropped by 25% in the last two years?You can't build anything permanent without cement. It's a great indicator of...
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China is continuing to militarize the South China Sea despite promising to stop
Despite claims in August that it would stop reclaiming land in the South China Sea, Beijing is continuing to pursue construction of man-made islands flush with military equipment. Citing the Center for...
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A Chinese University is taking a page out of Harry Potter to solve many...
As many as half of all undergraduates in the United States don’t know what their major will be when they enroll in college. As the scholar Eric St. John once wrote, “There is, perhaps, no college...
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'Whispers' are distorting investors' outlook on China
Renewed anxiety about China’s economic performance appears to be at odds with the fact that the country’s growth has been declining for years.How much of the recent nervousness is based on a balanced...
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Cyber attacks from China against the US may be slowing down ahead of Obama's...
WASHINGTON (Reuters) - Major intrusions by Chinese hackers of U.S. companies' computer systems appear to have slowed in recent months, private-sector experts say, ahead of a meeting between China's...
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Xi Jinping is trying to build political bridges by attending funerals
Chinese President Xi Jinping's attendance at the funeral earlier this year of a one-time propaganda minister was a surprise; Deng Liqun, who died aged 99, was never a top-ranked official and had been a...
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LEAKED: Here's how much money Uber's big competitor in China is losing
Didi Kuaidi, Uber's No. 1 rival in China, holds the majority share of the Chinese market, and it's heavily armed with venture capital money — the ride-hailing company just closed a massive $3 billion...
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China's president has been going to funerals lately — it's a sign of trouble
Chinese President Xi Jinping has been attending a lot of funerals lately, and it's because he needs friends, badly.For months, Reuters reports, the president has been attending to the funerals of...
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China’s president is visiting the state that exports more to his country than...
When Chinese President Xi Jinping arrives in Seattle on his way to Washington, D.C., this week, he'll be visiting the American state that exports more to his country than any other.Washington last year...
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