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> News of the day < It won’t have escaped your notice that the original title of the Eastern adventure tale was Alibaba and the 40 Thieves. Alibaba was of course an honest man, involved with less honest individuals . So you can sympathise with those left holding the bag at Alibaba.com, China’s largest e-commerce website, where more than 2,000 fraudulent [...] |
MAOTAI, China — If history is indeed written by the victors, then this isolated mountain hamlet in southern Guizhou Province hit the jackpot when Red Army soldiers sought refuge here in the spring of 1935. Exhausted by their long-distance retreat from Nationalist forces, Mao’s guerrillas used the town’s bracing 144-proof liquor to disinfect wounds, tame [...]
BEIJING — Consumer prices in China rose 4.9 percent in January when compared with the same month a year earlier, the government reported Tuesday, as inflation remains a worry in the fast-growing major economy. The rise in prices was less than expected, but economists said that could have been a result of a move by [...]
Stocks were mostly higher on Monday, sending the Standard & Poor’s 500-stock index to an almost 32-month high, helped by optimism about Egypt’s democratic transition plan and a decline in China’s trade surplus. Schlumberger and Freeport-McMoRan Copper and Gold rallied on optimism about Chinese demand for commodities. Netflix rose 7.1 percent after Caris & Company [...]
– Mon Feb 14, 10:27 pm ET BEIJING – China is ordering makers of films and TV shows to limit the amount of smoking depicted on-screen, the latest effort to curb rampant tobacco use in the country with the largest number of smokers in the world. The order from the State Administration of Radio, Film and Television viewed Tuesday [...]
By PAMELA SAMPSON, AP Business Writer Pamela Sampson, Ap Business Writer – Tue Feb 15, 12:42 am ET BANGKOK – Asian stock markets were mixed Tuesday as investors digested news that China’s inflation rate remained elevated in January following a jump in food prices. Oil prices rose above $85 a barrel as violent street protests in Iran raised fears [...]
By JOE McDONALD, AP Business Writer Joe Mcdonald, Ap Business Writer – 1 hr 25 mins ago BEIJING – A double-digit jump in food prices pushed China’s inflation higher in January, adding to pressure on Beijing to cool living costs with more interest rate hikes and other measures. Consumer prices rose 4.9 percent, driven by a 10.3 percent jump [...]