Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone's debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering ove...
Sumitomo Corp <8053.T> is in talks with Molycorp on a rare earth supply deal and may take a stake in the U.S. company, the latest move by a Japanese firm to secure supplies of the crucial minerals outside China.
PARIS - U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, after President Barack Obama announced plans to extend tax breaks.
The U.S. economic recovery remains on shaky ground, well over a year after the recession officially ended, and two top strategists said on Monday they fear the economy could suffer a new blow next year.
President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
Wikileaks revealed that Li Keqiang, a senior Chinese politician with many economic-related duties, doubts the country's economic data.
In a CBS interview, Federal Reserve Chairman Ben Bernanke took shots at foreign critics who openly bashed QE2 in the days leading up to the November 11 G20 Summit.
International talks on Iran's nuclear activity got under way in Geneva on Monday amid Tehran's claims of achieving self-sufficiency in the fuel cycle. Analysts say that little is expected from the talks. But the latest developments in Iran are likely to give it the confidence to put forward demands of sanctions against the Islamic Republic to be lifted. The talks between Iran and the five UN powers - the US, Russia, China, France and Britain - plus Germany were stalled 14 months ago.
China will cease offering tax incentives for small cars from next year, as the government plans to end stimulus measures, said a report on Monday.
Shanghai in China dropped to second place in the list of most favorable destinations for property investments in Asia, said a survey on Monday.
The Federal Reserve could end up buying more than the $600 billion in U.S. government bonds it has committed to purchase if the economy fails to respond or unemployment stays too high, Fed Chairman Ben Bernanke said.
The top after-market NASDAQ stock market gainers are: Nova Measuring Instruments, China Biologic Products, MannKind, GT Solar International, and DDI. The top after-market NASDAQ stock market losers are: SuperMedia, Human Genome Sciences, China Electric Motor, Neutral Tandem, and ArQule.
China's currency peg hurts U.S. exports but is also bad for the Chinese economy, since it prevents the country's authorities from running their own monetary policy, Federal Reserve Chairman Ben Bernanke said.
China's top telecommunications equipment maker Huawei Technologies said on Monday that it has established a security center in Britain to allow its products and software to be examined and tested.
Australian former Prime Minister Kevin Rudd told US Secretary of State, Hillary Clinton to be prepared to use 'force' against China, if it does not allow itself to be integrated into the international community, leaked US diplomatic cables reveal. Describing himself as a 'brutal realist', the former PM, who is also Australia's current Foreign Affairs minister, reportedly maintained that deploying force should be an option 'if everything goes wrong' with regards to the commun...
The global economic recovery is being led by large metropolitan cities accounting for about half of the global gross domestic product (GDP), said a report.
China needs to slow down its economy enough to cool inflation at home without putting a drag on growth in the rest of the world.
Iran has delivered the first consignment of locally produced raw uranium making its nuclear program self-sufficient, the country's top nuclear boss said on Sunday. The announcement came just a day before the Islamic republic is to resume the stalled nuclear talks with Germany and the permanent members of the U.N. Security Council on Monday and Tuesday in Geneva.
A weaker-than-expected US jobs data on Friday forced investors to sell dollars and seek shelter in precious metals, helping silver and palladium post two-digit weekly rise and reach fresh multi-year highs in the week to December 3. An IB times study on gold and dollar index suggests investor interest to sell dollar for buying gold probably increased in the week.
Ford Motors on Saturday said its China auto sales in November rose 35 percent compared to the sales recorded last year, led by sales in mid-sized car segment, such as Ford Fiesta and Focus model.
Six people were killed and 38 others injured in an explosion at an Internet cafe in southwest China, state news agency Xinhua said on Sunday.
China's inflation is unlikely to reach the heady levels seen in 2006-2008 because the economy is showing no signs of overheating, prominent economist Fan Gang said in comments published on Sunday.
