Beijing has reshuffled a list of sectors where it wants to attract foreign investment, downgrading autos and putting more emphasis on emerging fields.
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China Shifts Foreign-Investment Focus
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Dollar Falls vs. Yen
The dollar fell to a three-week low against the yen in Asia due to last-minute settlement orders by Japanese exporters that also pushed down the euro.
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Dollar Falls vs. Yen
Asian Shares Mostly Higher
Asian stock markets were mostly higher on the last trading day for 2011, helped by an encouraging rise on Wall Street, but a cautious air prevailed. Shanghai was up 0.8%.
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Asian Shares Mostly Higher
China Growth Continues to Slow
The final HSBC China Manufacturing Purchasing Managers Index rose in December compared with November, but remains in contractionary territory, adding to evidence that growth continues to slow.
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China Growth Continues to Slow
Iran to File in U.S. Court to Unfreeze Funds
Iran’s central bank is preparing to file a motion in a New York federal court early next year to release nearly $2 billion of its frozen funds at Citigroup Inc.’s Citibank unit, according to attorneys for the Iranian bank.
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Iran to File in U.S. Court to Unfreeze Funds
Banks Face Off For Facebook IPO
Goldman Sachs and Morgan Stanley are the front-runners for the prestigious and lucrative job of leading Facebook’s IPO. Still, other investment banks aren’t giving up.
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Banks Face Off For Facebook IPO
Verizon Plans $2 Bill-Paying Fee
Verizon is planning a $2 fee for customers paying bills by phone and online. The company also said its engineers fixed the month’s third outage of its 4G network.
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Verizon Plans $2 Bill-Paying Fee
Year-End Quiz: Do You Know Business?
It was a year of tablets, fracking, Apple, video streaming, management missteps, natural disasters and new realities for TV. Test your knowledge of 2011′s business events.
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Year-End Quiz: Do You Know Business?
U.S. Seals $30 Billion Deal to Sell Fighter Jets to Saudi Arabia
The Obama administration said Thursday it has reached a $30 billion agreement to sell advanced fighter aircraft to Saudi Arabia.
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U.S. Seals $30 Billion Deal to Sell Fighter Jets to Saudi Arabia
Italy’s Funding Costs Fall Again
Italy’s funding costs eased from the euro-era high levels seen at the previous tender a month ago, benefiting from improved confidence in the past few sessions. The euro is trading below $1.2887, the lowest level since Jan. 10.
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Italy’s Funding Costs Fall Again