Fortune Magazine International Edition » Cnn Money

World business news - FORTUNE Magazine: International Edition

Preparing China's yuan for the world stage

President Barack Obama's visit to China this week has increased the spotlight on one of the top hot-button issues in U.S.-China relations: revaluing the Chinese currency.

New ETF is a way into smaller China

If Burton Malkiel, author of the famous "A Random Walk Down Wall Street" and Princeton University economist, is right, the majority of U.S. investors aren't profiting enough from China's rapid growth.

China's record debt has economists worried

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.

French bankers bid 'adieu' to guaranteed bonuses

Banks in France, including non-French ones, will no longer be allowed to offer guaranteed bonuses to traders and other staff under new rules announced Nov. 5. The only exception is for signing bonuses for new employees, and they are limited to a maximum of one year.

Disney comes to China

China's announcement on Wednesday that Walt Disney could go ahead with its long-planned theme park in Shanghai raised a few eyebrows in Hong Kong. That's because Disney's first foray into the China market, via Hong Kong in 2005, has been tepid at best -- and embarrassing at worst.

Tax-free Champagne, anyone?

Not even Franz Kafka could have dreamed this one up.

Forget China, Brazil's a cheaper investment

Brazil has a lot of reasons to celebrate these days. It recently won the competition to host the 2016 Olympics in Rio de Janeiro, as well as the 2014 World Cup.

It's China's world. (We just live in it)

You wouldn't think the men who run the oil-rich country of Nigeria would have much spring in their step these days. The nation is plagued by a never-ending guerrilla war, one that has trimmed the country's oil production to two-thirds of its potential capacity.

Why Obama is taxing Chinese tires

"No, we are not in a trade war," chief White House economist Lawrence Summers declared when I raised the prospect with him two days after the Beijing regime lobbed U.S. auto parts and chicken wings back at 1600 Pennsylvania Avenue in retaliation for President Obama's Chinese tire tax.

Inside the Afghan drug war

Afghanistan's drug economy is as pervasive as its poppy fields. Photographs by Benjamin Lowy

'The Good Soldiers' - Book review

Let me be direct. "The Good Soldiers" by David Finkel (Sarah Crichton Books/FSG) is the most honest, most painful, and most brilliantly rendered account of modern war I've ever read. I got no exercise at all the day I gulped down its 284 riveting pages.

Chinese car market - both boon and headache

With Western markets still struggling to escape the effects of the recession, automakers are increasingly focusing their attention on China -- and rubbing their hands with glee. Car sales in August rose 78% over the same month a year ago, according to J.D. Power Asia Pacific and are running at an annual rate of 14 million units.

Russian love for the N.B.A.

Read full story for latest details.

The capitalist who loves North Korea

James Kim, an American businessman turned educator, once sat in the very last place that anyone in the world would wish to be: a cold, dank prison cell in Pyongyang, the godforsaken capital of North Korea.

Travel in style to developing countries

When pharmaceuticals giant GlaxoSmithKline made a big push to build its business in the developing world last year, it enlisted Abbas Hussain, a native of Madras, India, to run the new venture.

The new king of luxury

It's easy to envy the charmed life of François-Henri Pinault.

Global fast food comes to America

Recession or not, international restaurant concepts are fanning out in the world's hungriest fast-food market.

Rio Tinto - China strikes back

After officials in Beijing last month arrested four Rio Tinto executives for allegedly stealing secrets from Chinese steel companies, China took a brutal public relations beating internationally.

Argentina's cattle crisis

Around these parts, Americans anxiously watch our favorite summer economic indicator -- the price of gasoline -- to get a sense of where the economy may be headed. But in Argentina, locals are watching their favorite winter barometer: the price of beef.

Adventurous mutual funds for uncertain times

Today's market is particularly tough for individual investors. Stocks have been wildly volatile, bonds offer low yields, and the experts caution that even when the economy recovers, growth will be weak and inflation a threat.