Asian stocks sank on Monday with Tokyo's Nikkei hitting its lowest level in about 15 months as investors dumped Japanese exporters on the back of a surge in the yen to an 18-month high versus the dollar.
Chinese resource firms are unlikely to launch a counter-offer for Rio Tinto, but may hope to team up with BHP Billiton to clinch the deal, bankers said on Friday.
Australia raised its key interest rates by a quarter percentage point Wednesday, its second hike in 2007, to contain inflation.
AGL Energy Limited on Monday announced to build another wind farm at South Australia costing $166 million.
China National Chemical Corp (ChemChina) and U.S. private equity firms offered up to A$3 billion ($2.75 billion) on Monday for Australia's Nufarm Ltd, a deal that would create the world's largest generic farm chemicals firm.
Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.
Mazda Motor Corp., the Japanese affiliate of Ford Motor Co., announced on Friday that its July-September period net profit soared 29 percent to 26.6 billion yen due to strong sales overseas.
Mazda Motor Corp posted a 1.5 percent rise in quarterly operating profit as a weaker yen, cost cuts and sales growth offset a cutback in shipments to North America, and kept its full-year profit forecast unchanged.
Japan ordered its naval ships on Thursday to withdraw from a refueling mission in support of U.S.-led operations in Afghanistan as a political deadlock kept the government from meeting a deadline to extend the activities.
The dollar touched an all-time low against the euro on Wednesday, while Asian stock markets marked time as many investors sat on the sidelines ahead of a widely expected interest rate cut by the U.S. Federal Reserve.
Asian stock markets were subdued on Wednesday while the dollar wallowed near a record low against the euro with investors reluctant to take big positions ahead of the U.S. Federal Reserve's decision on interest rates.
Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected. European stocks also looked set for a weaker start,
Expectations of a U.S. interest rate cut this week boosted world stocks for a third straight session on Monday and sent the dollar to record lows, while surging energy and gold prices buoyed emerging markets.
EBay division Skype and mobile phone group 3 have launched a mobile handset that allows Skype users to make free Internet calls to each other while on the move.
Asian stocks rose to a fresh life high on Monday as investors bet there will be a U.S. interest rate cut this week, which sent the dollar to a record low against the euro and a basket of major currencies.
Asian indexes were mixed Thursday, with financials dropping in Japan after Mizuho Financial Group reported losses related to U.S. subprime markets, while South Korean shares jumped on Samsung Securities a day after the brokerage firm announced strong earnings.
Studying abroad has been accepted by more and more Chinese students and parents according to a new study.
Australia slapped financial sanctions on Myanmar's generals and their families on Wednesday as supporters of opposition leader Aung San Suu Kyi marked her 12 years in captivity with protests in 12 cities across the world.
Yahoo Inc expects to announce a series of partnerships with mobile carriers in Asia in coming weeks, as it looks to its mobile services division for growth.
U.S. President George W. Bush warned on Wednesday a nuclear-armed Iran could lead to World War III as he tried to shore up international opposition to Tehran amid Russian skepticism over its nuclear ambitions.Bush was speaking a day after Russian President Vladimir Putin, who has resisted Western pressure to toughen his stance over Iran's nuclear program, made clear on a visit to Tehran that Russia would not accept any military action against Iran.
Asian stocks pared early gains on Monday, pausing after their recent rally, while the dollar held firm as strong U.S. retail sales data prompted investors to trim bets of further U.S. interest rate cut.
McDonald's Corp on Friday forecast third-quarter earnings above Wall Street analysts' average estimate as September same-store sales rose 5.9 percent on strength in Asia. McDonald's has outperformed many other restaurant chains and retailers this year, with successful new products and extended restaurant hours.
