China Currency Regulator Scraps Some Foreign Investment Rules

China’s foreign exchange regulator will abolish 24 regulations on the administration of funds for foreign direct investment, in line with State Council orders to cut red tape and increase transparency.

Europe is biggest threat to corporate earnings

NEW YORK (CNNMoney) -- Corporate earnings have enjoyed double-digit growth for eight straight quarters, but that euphoric run may be coming to an end, thanks to Europe's worsening debt crisis and a tepid U.S. economy.

DPJ Policy Chief Proposes Japanese Sovereign Wealth Fund

TOKYO—Japan should consider setting up a sovereign-wealth fund to both take advantage of the strong yen and try to push down the currency, Seiji Maehara, policy chief of the ruling Democratic Party of Japan said Wednesday.

"We need to think of ways to convert the yen into foreign currencies, and I've told the prime minister we should consider it," Mr. Maehara said in an interview, adding that Prime Minister Yoshihiko Noda said he would look at such a move.