Articles By Moran Zhang

Caterpillar Inc. (CAT) has been forced to slash its 2015 earnings forecast as commodity miners and producers equally reduced budget allocations for project developments, the ill effects of a debilitating global fiscal crisis that has affected prices of m

Caterpillar Bullish On China, Expects Beijing To Step-Up Easing To Lift Growth

Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is confident that Beijing will step up easing efforts to drive an economic rebound and China's economic growth will probably recover this year.

US Labor Market

US Initial Jobless Claims Unchanged At 372,000 - Higher Than Expected

More Americans than forecast filed applications for new jobless benefits last week, the Labor Department. said Thursday, suggesting that the labor market is barely healing.

Bank of China

Chinese Banks' Bad Loan Nightmare

China's credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale's China macro strategist Wei Yao.

US GDP

US 2Q GDP Revised Up To 1.7%, But Job Growth Still Lags

The U.S. economy expanded slightly faster than initially thought in the second quarter, but the pace of growth is still too slow to create enough jobs to drive down the unemployment rate. Economists are forecasting even slower growth in the second half of 2012, which will probably keep expectations for additional monetary stimulus measures from the Federal Reserve intact.

Boeing Airbus

Boeing, Airbus Battleground Shifts To Asia-Pacific

As the deepening sovereign debt crisis in Europe dampens air travel demands in the region, the world's two largest airplane makers, Boeing Co. (NYSE: BA) and Airbus S.A.S. (EPA: EAD), are now bringing their fierce competition to the Asia-Pacific skies.

Jackson Hole Ben Bernanke

Kansas City Fed Jackson Hole 2012: Ben Bernanke Will Likely Disappoint On QE3 Hopes

Will Federal Reserve Chairman Ben Bernanke launch QE3 from the Federal Reserve Bank of Kansas City's annual Jackson Hole symposium, which will take place from Aug. 30 to Sept. 1? Economists doubt it.

US Economy

Jackson Hole, Bernanke And Draghi: Economic Events for Aug. 27-31

The biggest event this week is Friday's Jackson Hole meeting. While this week's economic calendar is rather packed, Wall Street seems to care more about Federal Reserve Chairman Ben Bernanke's speech at the Kansas City Fed's annual economic symposium.

bond trader

Corporate Debt Issuance In August Sets Record, Analysts Warn Of Junk Bonds

This month has been the busiest August on record for global corporate bond issuance as low yields on government bonds pushed investors to find better returns in corporate credit.

An employee works on circuit boards at an electronic component factory in Hefei

China's Industrial Profit In Biggest Drop This Year, Shanghai Composite Sinks To 3-Year Low

Profits at China's major industrial enterprises fell in July for the fourth successive month and by the most this year, adding to fears about a sharp slowdown in the world's second-largest economy and sending benchmark Shanghai Composite Index to its lowest level in three years.

Tiffany

Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31

While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.