India’s third biggest software services company Wipro Ltd is building the nation’s fastest supercomputer for space agency Indian Space Research Organization (ISRO) to help the agency crunch large volumes of data that is critical for designing complex launch vehicles.
Dmitry ZhdannikovOil held near its highest prices in more than two years in volatile trade on Tuesday, due to accelerating manufacturing activity in developed economies and expectations that U.S. crude inventories will keep falling.
Skype's partner in China, TOM Group, said the Web-based calling service is complying with Chinese law, even as a crackdown on illegal Internet telephone providers could complicate Skype's operations in the country.
Australia's relief over the years of drought being finally broken by rain in December was short-lived as its states now brace for flooding which the government has described as biblical.
The change of guard in Brasilia at the turn of the new decade could also mark a shift in Brazil’s long-entrenched policy to go with China on monetary policy issues.
U.S. stock index futures rose on Tuesday as optimism continued to permeate the market ahead of data on factory orders and car sales.
Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.08 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.02 percent at 0921 GMT (4:21 a.m. ET).
Wall Street stocks surged more than 1 percent as the new trading year kicked off on Monday and the rally of late 2010 resumed on encouraging signs about the economic outlook and a seasonal effect.
The U.S. real estate market is improving, at least for foreign investment dollars, according to the Association for Foreign Investment in Real Estate, or AFIRE.
Robert W. Baird & Co. CEO Paul Purcell speaks to IBTimes about his firm's performance during the financial crisis, navigating the financial services industry after the crisis, and the advantages of being a privately-held financial services firm.
South Africa is about to join the Brazil, Russia, India and China (BRIC) grouping and will attend the first summit of the leading emerging economies in April this year, but doubts remain over the suitability of the African nation to be in the exclusive club of the fast-growing economies.
U.S. manufacturing grew at its fastest pace in seven months in December, extending a recent run of encouraging economic data and suggesting that expansion of the world's biggest economy will accelerate in 2011.
The top pre-market NASDAQ stock market gainers are: Qiao Xing Universal Resources, Impax Laboratories, Magic Software Enterprises, Mercadolibre, L & L Energy, ON Semiconductor, Ceragon Networks, ChinaCache International Holdings, Melco Crown Entertainment, and F5 Networks.
Wall Street stocks launched the new trading year with gains of 1 percent or more on Monday, extending the late-2010 rally on optimistic signs about a global economic recovery.
The manufacturing sector grew for a 17th straight month in December, adding to recent evidence that a recovery in the economy was picking up steam, according to an industry report released on Monday.
Prime Minister Lee Hsien Loong says continued improvement necessary to compete with Asian and European front runners
The prospects for cooperation between the United States and China in space are fading even as proponents say working together in the heavens could help build bridges in often-testy relations on Earth.
Chinese ambassador to Spain said on Monday China will contribute to efforts to secure Spain's financial stability and economic recovery as the debt-hit nation is trying to shore up investor confidence and avert any sovereign crisis.
U.S. stocks were set for a higher open on Monday as returning investors bet a 2010 rally would continue in the new year and Chinese factory inflation data tempered concerns over increased monetary tightening.
U.S. stock index futures rose on Monday on hopes the rally will continue in the new year as economic conditions continue to improve and as Chinese factory inflation tempered concerns of more monetary tightening.
Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday.
Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
