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As the world's biggest steel producer, China generates over half of global output every year, or more than twice the combined output of the next four leading steel makers: Japan, India, the United States and Russia put together. It's estimated the co
Another Sharp Drop on Chinas Stock Exchanges Stock price indexes in China had their sharpest one-day drop in eight years on Monday. Stock indexes also decreased around the world but to a lesser extent. The Shanghai Composite index lost 8.5 percent. A
Hello, from the CNN Center here in Atlanta, Im Melissa Long. It is Tuesday afternoon. Here is a look at some of the stories happening at this hour. In Chicago, President-elect Barack Obama spoke for the second straight day on his plans for confronti
The U.S. economy has contracted more sharply than previously believed, according to new government figures. Meanwhile, in yet another sign of continuing stress in the credit market, the U.S. central bank is allocating hundreds of billion of addition
As 2009 draws to a close, more signs show that China has weathered the global financial crisis and is on its way to even more robust growth. Economists, however, say some issues still weigh on the country's efforts to sustain growth. Connie Young | B
U.S. stock markets teetered between positive and negative territory on Tuesday as the federal government unveiled yet another effort to loosen tight credit and promote lending. The day brought more unwelcome news about America's troubled housing and