Read article : White House Looks to Slash China's Bilateral Trade Surplus by $100 Billion

Why More States Are Tussling With Their Teachers

Teachers from Kentucky, West Virginia, Oklahoma and Arizona have staged strikes and demonstrations, and they have threatened walkouts over new proposals to install limits on pensions, wage increases and benefits.

Top News

Another explosion in Texas city, police say

Two men were taken to the hospital with serious, but non-life threatening injuries, after an explosion in southwest Austin on Sunday evening, authorities said.


Australia, ASEAN agree to start regional infrastructure cooperation

SYDNEY (Reuters) - Australia and the Association of Southeast Asian Nations (ASEAN) agreed during a weekend summit in Sydney to establish a regional infrastructure pipeline, Australia's foreign minister said, as the bloc seeks to balance rising Chinese in


Alibaba to invest additional $2 billion in Lazada, replaces CEO

BEIJING (Reuters) - Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group as part of the Chinese firm's push into new markets.


Alibaba-backed company: China's car market will grow close to 20 percent in the next five years

China's car market will continue growing, and companies should embrace the "new retail concept," said the CFO of SouChe.


US-educated Yi Gang becomes head of China's central bank

The appointment is being seen as one of ensured continuity in Beijing's battle against growing debt.


Liu He: China's quiet economist becomes top economic leader

One of President Xi's closest advisers takes control of China's economic policies and financial issues.

United States

Explosion reported in Austin, at least 2 injured

At least two men suffered serious injuries Sunday night after a reported explosion in southwestern Austin, Texas, emergency workers said.


How We Avoided Financial Armageddon Ten Years Ago When Bear Stearns Went Bust

Substantial fines were paid by some of the banks for some of their ill considered operations during the runaway times. None of this would have happened had not the Treasury, the Federal Reserve and the White House made up their minds to spend whatever was


Credit Suisse CEO says bank will be 'very profitable' after it puts 'undesirable' trades behind it

There's no way to clean up the past without generating losses, Credit Suisse group chief executive officer Tidjane Thiam said.

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