Honda Motor Co is studying possible production bases overseas to replace export-bound car production in Japan that has been battered by a strong yen, a top executive said on Tuesday.
Stock index futures pointed to further steep losses for equities on Tuesday, after the previous session's plunge, as investors worry the world's largest economy could fall back into recession.
World stocks sank sharply for a 10th session running on Tuesday, racking up a 20 percent loss since early May, and gold hit another record high as investors continued to dump riskier assets in highly volatile markets.
Japan's Finance Minister Yoshihiko Noda postponed a reported plan to announce on Tuesday his bid to replace unpopular Prime Minister Naoto Kan, saying he would focus on confronting global financial market turmoil.
General Motors , the biggest overseas automaker in China, rolled out its first car under its newly created Baojun brand in the country on Tuesday.
BlackRock will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, James Holt, investment strategist at the world's largest money manager, said on Tuesday.
China's annual inflation rose to a higher-than-expected 6.5 percent in July, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.
Hollywood studios are set to break into China's massive Internet market as domestic video sites scramble to screen U.S. movies and dramas on their digital platforms, a move which could also curb rampant piracy.
The Swiss franc hovered near record highs against the dollar and euro in Asia on Tuesday, having surged on the back of a global stock market rout as a crisis of confidence gripped investors.
MGM Resorts International reported a sharply higher net profit for the second quarter following the initial public offering of its Macau joint venture, but adjusted results failed to impress investors and shares fell nearly 3 percent.
The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks.
Stink bugs did not get their names for no reason - they emit an unbearable smell similar to that of rotting garbage when squashed. And now these stink bugs, which caused $37 million worth of damage last year, are returning with a mission to invade, after waking up from hibernation.
Wall Street underestimated the effect of cuts in government spending on the networking industry and may have to curtail its expectations again with growing fears of a global economic slowdown.
Treasury Secretary Timothy Geithner has assured President Obama he will keep his position through the current term, despite calls for him to resign in light of the S&P downgrade.
Mauritius is cutting its foreign reserve exposure to the U.S. dollar and the euro due to debt concerns in both regions by purchasing commodity currencies and is eyeing government securities from some of the BRIC nations, it said on Monday.
China's foreign minister was due to meet Sudanese President Omar Hassan al-Bashir on Monday for the highest-level talks between the two allies in the Sudanese capital since South Sudan seceded to form an independent state.
President Robert Mugabe said on Monday Zimbabwe would punish firms from Western states who have slapped sanctions on senior officials in his ZANU-PF party, warning that global miners including Rio Tinto could be hit.
In 1986, Moody?s and Standard & Poor?s cut Australia?s debt rating, prompting the Canberra government to impose strict budget cuts.
Credit ratings agency S&P threw a monkey wrench in the works by downgrading its long-term credit rating for the U.S. from AAA to AA+, just days after President Obama signed a debt-limit compromise.
The crises at the heart of the international financial and political system go beyond the debt woes currently gripping the Western world and to the heart of the way the global economy has been run for over two decades.
Recent unrest in Xinjiang ? blamed by the national government on Uighur Muslim militants -- has led to dozens of deaths.
U.S. markets shed as much as two percent at the open Monday, on news of the S&P's U.S. debt rating downgrade and subsequent plummets in global markets overnight.
