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China 'buying out' Africa: Top 5 destinations of Chinese money

On a quest to secure raw materials and energy resources to support the exponential growth of its economy, China has become the fastest-growing investor in Africa. Here are the top five destinations of Chinese capital, in order of estimated Chinese investment.

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Tax evasion: Is IRS tough? Try Brazil's 'Lion.'

Tax evasion is relentlessly sought out by Brazil's tax agents, known as 'The Lion.' Brazil is counting on the crackdown on tax evasion to fund ambitious government spending.
Taiwan set for Chinese invasion - of investors

Taiwan's economy is poised grow significantly this year as the island relaxes barriers to investment from its old rival, mainland China.
China 'buying out' Africa: Top 5 destinations of Chinese money

On a quest to secure raw materials and energy resources to support the exponential growth of its economy, China has become the fastest-growing investor in Africa. Here are the top five destinations of Chinese capital, in order of estimated Chinese investment.
Euro zone deal lifts stocks, not euro

Euro zone steps toward fiscal unions buoy stocks in Asia. But a fall in the euro underscores ongoing worries over the euro zone's debt crisis.
Chinese yuan's new global challenge to the dollar

Chinese yuan, pegged to the dollar until not long ago, is turning into a global reserve currency.
Africa Monitor
West Africa Rising: Nigeria shifting currency reserves from dollars to Chinese yuan

Africa's top oil exporter will convert as much as 10 percent of its foreign cash reserves to the Chinese yuan as China's importance as a trade partner grows.
Africa Monitor
West Africa Rising: Ivory Coast defaulting on loans, despite economic recovery

The scene of a chaotic power struggle earlier this year, Ivory Coast is now enjoying a recovery summer. But while it has the money to pay its debts, it is purposefully defaulting instead.
Earnings season: One of five things to watch April 11

Earnings season begins with Alcoa disclosure. Also, NYSE rejects Nasdaq OMX offer and Rajaratnam defense begins.
South Sudan's next task: build a nation from scratch

South Sudanese voted overwhelming in January for independence. Now, they face the reality of building the world's newest nation – from printing new currency to collecting taxes.
Africa Monitor
Renegade Ivory Coast leader Gbagbo won't pay off debts, say opponents

Ivory Coast President-elect Alassane Ouattara accuses renegade President Laurent Gbagbo of paying his loyalist armed forces while neglecting to pay international creditors.
China, Taiwan to sign breakthrough trade deal

China and Taiwan are completing an agreement to increase bilateral trade. Taiwan's government says the trade deal will boost economic growth; the opposition party says it will erode sovereignty.
G-20 summit: financial reform is needed. But how fast?

As G-20 summit to focus on a split over approach: Will reining in spending cut debt, or stall jobs and growth?
Nigeria's Goodluck Jonathan prepares to announce new cabinet

Nigeria's Goodluck Jonathan, acting president, unexpectedly dissolved the nation's cabinet Wednesday in a move to quickly assert power during the elected president's absence. He's expected to announce a new cabinet within days.
Taiwan-China talks hit headwinds

Taiwan and China unexpectedly nixed 1 of 4 deals during economic talks this week. The setback comes as Taiwan's China-friendly government is losing support – and has produced a rap video to try to win it back.
Ahead of G-20, China questions US's financial dominance

China's deep reserves and continued growth put it in a position of strength.
China, Taiwan expand ties via trade

Beijing's envoy will also discuss financial links and present pandas in historic visit.
Will Britain's rescue plan work?

Prime Minister Brown unveiled an $87 billion plan Wednesday to buttress British banks. Hailed by some European leaders, credit markets responded tepidly.
As dollar sinks, Thais struggle to keep economy afloat

Thailand boomed on exports to the US. Now it's looking at populist incentives to stimulate growth.
China battles rising prices, snowstorms

With monthly inflation at 6.5 percent, Beijing applies its first price controls in 15 years.