Headlines on latest China news, China business from BLOOMBERG

Bloomberg Europe Debt Crisis Still Likely to End Badly: Commentary by Simon Johnson

1/23/2012 12:05:04 AM GMT
Simon Johnson, who served as chief economist at the International Monetary Fund in 2007 and 2008, is a professor of entrepreneurship at the Massachusetts Institute of Technology's Sloan School of Management. More about Simon Johnson // 140){ self.width(140); } }); }); //]]> //this script is for the story image lightbox $(".thumbnail_container > a[rel]").overlay({ mask:'#333', effect: 'default', fixed:false, onBeforeLoad: function(){ $('#container').addClass('overlay_open'); $('.overlay_container').addClass('overlay_open'); }, onClose: function(){ $('#container').removeClass('overlay_open'); $('.overlay_container').removeClass('overlay_open'); } });

Bloomberg A Reformed IMF Deserves More Money, Though Not Just to Rescue Europe: View

1/23/2012 12:04:03 AM GMT
The International Monetary Fund’s new managing director, Christine Lagarde, is calling on members to increase the institution’s lending capacity by as much as $500 billion. The IMF says it might need to provide $1 trillion in support to distressed governments over the next few years, and existing resources aren’t enough.

Bloomberg Gillard Left With One-Seat Majority as Independent Lawmaker Pulls Support

1/22/2012 11:40:04 PM GMT
Australian Prime Minister Julia Gillard’s parliamentary majority is reduced to one seat after an independent lawmaker withdrew his support, saying she’d broken a promise to tighten gambling laws.

Bloomberg European Union Seen Targeting Iran on Nuclear Program With Oil-Import Ban

1/22/2012 11:00:00 PM GMT
The European Union is due to ban imports of Iranian oil, a move the Islamic Republic has warned might lead it to block a major shipping corridor.

Bloomberg Megaupload Founder Kim Dotcom Seeks Bail in New Zealand Court After Arrest

1/22/2012 10:16:04 PM GMT
Megaupload.com’s founder reappeared in a New Zealand court today after the file-sharing website was shut by the U.S. government as part of an alleged $175 million copyright infringement conspiracy.

Bloomberg China Snow From Xinjiang to Coast Snarls World’s Biggest Human Migration

1/22/2012 4:01:00 PM GMT
Heavy snow and rain that pummeled a swath of China extending from central Asia to the coast will continue into today, disrupting transport as the Lunar New Year holiday spurs the world’s biggest annual human migration.

Bloomberg China Snowfalls Hamper Biggest Human Migration for New Year

1/22/2012 7:51:05 AM GMT
Heavy snow and freezing rain that hit central and eastern China in the past two days will continue through tomorrow, disrupting transport as the Lunar New Year holiday spurs the world’s biggest annual human migration.

Bloomberg China Cuts December Gasoline Exports, Imports More Diesel Before Holiday

1/21/2012 5:45:05 AM GMT
China cut gasoline exports to the lowest level in almost three years in December and diesel imports reached their 2011 high as fuel was stockpiled to meet increased demand for transport around the Lunar New Year break.

Bloomberg China Cuts Gasoline Exports, Imports More Diesel Before Holiday

1/21/2012 5:45:05 AM GMT
China cut gasoline exports to the lowest level in almost three years in December and diesel imports reached their 2011 high as fuel was stockpiled to meet increased demand for transport around the Lunar New Year break.

Bloomberg Asia Stocks Gain for Fifth Week, Longest Winning Streak in Year

1/20/2012 11:30:05 PM GMT
Asian stocks rose for a fifth week, the regional benchmark’s longest winning streak in a year, as U.S. economic reports showed the world’s biggest economy is recovering and falling European borrowing costs signaled the debt crisis may be easing.

Bloomberg Asia Stocks Gain for Fifth Week, Register Longest Winning Streak in Year

1/20/2012 11:30:05 PM GMT
Asian stocks rose for a fifth week, the regional benchmark’s longest winning streak in a year, as U.S. economic reports showed the world’s biggest economy is recovering and falling European borrowing costs signaled the debt crisis may be easing.

Bloomberg AsiaInfo Surges Most Since August on Buyout Proposal From Government Fund

1/20/2012 9:47:04 PM GMT
AsiaInfo-Linkage Inc. (ASIA), a telecommunications software provider whose largest customer is China’s biggest wireless carrier, surged the most in five months in the U.S. after receiving a buyout proposal from a state-owned private-equity fund at a premium to its stock price.

Bloomberg Roubini Sees ‘Significant’ Slowdown in China

1/20/2012 5:57:03 PM GMT
China’s economy will slow in 2012, prompting policy makers to reduce interest rates and loosen lending restrictions, said Nouriel Roubini, the economist who predicted the 2008 financial crisis.

Bloomberg Copper Bears Retreat as Prices Rally Most Since ‘09: Commodities

1/20/2012 5:55:00 PM GMT
Copper traders are the least bearish in a month as the metal has its best start to a year since 2009 and stockpiles tracked by the world’s biggest metals exchange were poised to slump to the lowest in 2 1/2 years.

Bloomberg Solar Stocks Plunge as Germany Vows to Quicken Subsidy Cuts

1/20/2012 4:43:03 PM GMT
Solar stocks plunged around the world after Germany, the largest market for panels, said it will make quicker cuts to subsidized rates and phase out support for the industry by 2017.