Global miner Rio Tinto said on Tuesday its first-quarter iron ore production would be hit by a string of cyclones that swept through its mining operations in Australia last month.
The Dow Jones Industrial Average climbed back above 12000, boosted by a major telecommunications deal and a jump in energy stocks as oil prices leapt.
The crisis in Libya has led to the revelation of a rare public disagreement between the two most powerful political leaders in Russia, according to the RIA Novosti news agency.
Anadarko Petroleum Corp
on Monday signed a $1.55 billion deal with state-owned Korea National Oil for one-third of the U.S. company's interest in the Eagle Ford shale in South Texas.G7’s coordinated effort to weaken the Japanese yen was a surprise to most. Douglas Borthwick of Connecticut-based Faros Trading, however, anticipated this development.
Tiffany & Co expects sales growth in markets like China and Australia this year to help make up for the earthquake and tsunami that are hurting results in Japan, its second-largest market.
The real war has started in Libya with the allied forces pounding Gaddafi strongholds and military installations with missiles and bombs. The future of International Oil Companies (IOC) operating in Libya has come under increased pressure with this turn of events.
In RBC Capital Markets' 'Generally Speaking' edition defense and geopolitical adviser General Charles Vyvyan has discussed in detail the action plan laid out in the United Nations Resolution 1973 pertaining to Libya and its potential consequences.
Tiffany & Co gave a stronger-than-expected sales outlook for its fiscal year despite the impact of the disasters that hit Japan, its second largest market, and the luxury jeweler's shares rose more than 6 percent.
Google Inc on Monday accused the Chinese government of making it difficult for Gmail users to access the service in the country, the latest development in a rocky relationship between the two.
While 285,000 students left the country for education in 2010 alone, there was also a 25 per cent year-on-year increase in the numbers returning home.
US stocks ended higher on Friday as sentiment was buoyed after Libya announced a cease-fire and the Group of Seven (G-7) Finance ministers agreed to intervene in the markets to stabilize the Japanese yen.
There was intense speculation on Monday about the whereabouts of Libyan leader Colonel Muammar Gaddafi after allied forces bombed his compound Sunday night, an action reminiscent of the 1986 attack by the U.S. on Gaddafi's compound in which his daughter was killed.
Oil prices jumped more than 2 percent to top $116 a barrel on Monday as Western forces launched air strikes on Libya, while Asian shares advanced on bargain hunting in the wake of heavy losses last week.
Asian shares advanced on Monday as market players scooped up beaten-down stocks after heavy losses last week, while oil prices jumped more than $2 as Western forces struck targets in Libya.
China will likely post another trade deficit in March as imports continue to surge, following a an unexpected deficit last month, Commerce Minister Chen Deming was quoted by the China Daily as saying on Sunday.
Billionaire investor Warren Buffett said on Monday that he was looking at more acquisition targets after a $9 billion buy of U.S. specialty chemical maker Lubrizol by his Berkshire Hathaway last week.
U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.
French Industry Minister Eric Besson said on Sunday he did not want to destabilize carmaker Renault when asked if chief executive Carlos Ghosn should step down over a now debunked espionage scandal.
In response to airstrikes on his country by a coalition of western nations, Col. Moammar Gaddafi has threatened that Libya will fight a long war.
Oil prices may rise again on Monday as traders ratchet up the risk premium for crude after Western forces bombed Libya's air defenses in a United Nations-backed intervention against Libyan leader Muammar Gaddafi.
The Japanese government plans to inject public funds into banks in areas ravaged by the March 11 earthquake and tsunami to make sure that businesses in the area can get credit to rebuild their operations, The Nikkei newspaper said in its Sunday edition.
