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NEW YORK, Sept. 28 (Xinhua) -- U.S. stocks ended higher Wednesday after choppy trading, as investor sentiment was boosted by a strong rebound in oil prices.


The Dow Jones Industrial Average added 110.94 points, or 0.61 percent, to 18,339.24. The S&P 500 increased 11.44 points, or 0.53 percent, to 2,171.37. The Nasdaq Composite Index was up 12.84 points, or 0.24 percent, to 5,318.55.


Oil prices soared Wednesday, with both U.S. oil and Brent crude jumping over 5 percent, as a report said that the Organization of the Petroleum Exporting Countries (OPEC) has reached a deal to cut oil output for the first time since 2008.


Lifted by surging oil prices, the energy sector spiked 4.34 percent as the biggest advancer in the S&P 500's ten sectors.


Meanwhile, U.S. Federal Reserve Chair Janet Yellen said Wednesday in a prepared testimony to the House Financial Services Committee that U.S. banks are well capitalized, but remain challenged by weak interest income, according to media reports.


She later said the central bank does not have a "fixed timetable" for raising rates.


On the economic front, U.S. new orders for manufactured durable goods in August decreased 0.1 billion U.S. dollars and was virtually unchanged at 226.9 billion dollars, the Commerce Department said. Analysts had expected a 1.9 percent decline.


This decrease in new orders, which is down three of the last four months, followed a 3.6 percent July increase.


"July's initial durable goods report was much better than expected, but the downward revisions to July coupled with the stall in momentum in August suggest domestic manufacturing isn't going to shock the economy to a faster pace," said Sophia Kearney-Lederman, an economic analyst at FTN Financial, in a note.


SEOUL cheap nike lebron 15 mid , Sept. 4 (Xinhua) -- South Korea and the Democratic People's Republic of Korea (DPRK) have waged a war of words less than 10 days after the two sides reached an agreement to defuse tensions over landmine blasts and the broadcasting of propaganda messages.


Seoul's Unification Ministry spokesman Jeong Joon-hee told a press briefing Friday that it was regrettable for the DPRK to denounce what President Park Geun-hye said during her visit to China and threaten the failure to carry out what was agreed upon during the high-level inter-Korean dialogue.


His comments came a day after the DPRK's Committee for the Peaceful Reunification of Korea (CPRK) condemned Park for her " impertinent" remarks.


During her visit to China to attend the military parade in Beijing to mark the 70th anniversary of victory of Chinese people' s resistance against Japanese aggression and world anti-Fascist war, Park said that tensions can escalate on the Korean Peninsula at any time as seen in the recent provocation of landmine blast.


In early August cheap nike lebron 15 high , two South Korean soldiers were maimed by the explosion of landmines, which Seoul claimed had been secretly planted by DPRK forces. Pyongyang denied any role in the incident.


In retaliation for it cheap nike lebron 15 low , South Korea resumed broadcasting propaganda messages into the DRPK with loudspeakers in front-line units, causing strong backlash from Pyongyang.


The two Koreas exchanged artillery fires cheap nike lebron 15 size 13 , bringing the peninsula to the brink of armed conflict. The two sides put troops on the highest alert, but tensions de-escalated after marathon talks between top military officials of both sides.


The Aug. 25 agreement cheap nike lebron 15 for sale , reached at the high-level dialogue, promised to ease tensions and resume talks between governments. Working-level Red Cross contacts would be held next Monday to hold the reunion event for Korean families separated by the 1950-53 Korean War.




BEIJING, May 13 (Xinhua) -- European Union lawmakers' vote against granting market economy status (MES) to China sends a worrying signal that one of the world's most important trade relations risks deteriorating.


The EU Parliament said in a resolution on Thursday that China's excess production capacity and cheap exports are hurting EU jobs, urging the European Union not to grant China the MES.


Although the non-binding resolution by the EU parliament is not legally effective, it could carry the wrong message that China's booming trade with the EU is based on artificial and unfair price advantages, which distorts the real picture.


Since China joined the World Trade Organization (WTO), it has been relentless in trying to reduce the government's sway in economic activity and give market forces a bigger role.


As the world's second-largest economy is working to transition from relying on exports to consumption, China is grappling with soaring production costs. The country's exporters have felt the growing pains.


With the global economy battling with a prolonged and slow recovery, major trading countries tend to seek protectionism to support domestic industry. Trade frictions have been rising dramatically in the steel sector globally of late, as the world's major steel makers are facing production overcapacity.


The EU's censure of China as being accountable for the steel glut in the 27-country bloc is untenable. China's steel exports to the EU are small compared with other countries. The Asian giant's low value-added steel products are complementary to the EU's steel market portfolio.


Without exports from China, the EU would still have to turn to other countries to import similar products. That will not stem job losses in the EU.


The opposition to giving China MES within the EU mainly comes from southern European countries, where steel, textile and other manufacturing sectors have been hard hit. More competitive manufacturing countries such as Britain and Holland have voiced their support for granting China the status.


In its resolution statement, the European Parliament recognized the importance of the EU partnership with China, stre. Wholesale Jerseys China Wholesale NHL Jerseys From China Wholesale Jerseys China Online Wholesale Hockey Jerseys Wholesale Basketball Jerseys From China Wholesale Baseball Jerseys Cheap Wholesale Authentic Soccer Jerseys Wholesale New Hockey Jerseys Cheap Jerseys From China Cheap NCAA Jerseys
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