Oil snaps 3-day losing streak
Oil snapped three straight sessions of declines and rose more than 1 percent toward $71 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.
Oil edges up above $70 in Asian trade
World oil prices advanced above $70 a barrel in Asian trade Monday but remained highly volatile, analysts said. Light sweet crude for July delivery was seen trading at $70.35 a barrel at 11.00 a.m Singapore time while Brent crude eased to $71.21 a barrel at the same time in London.
China's Hu tells U.S. he wants gradual yuan reform
China will stick to gradual reform of its yuan currency, President Hu Jintao told the United States at the start of high-level talks on Monday in which North Korea emerged as a point of potential contention.
China urges the U.S. to lift export restrictions
China urged the United States to lift restrictions on exports to China as early as possible, Commerce Minister Chen Deming said ahead of talks between the two countries in Beijing.
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Geithner urges U.S., China cooperation on freer trade
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Sanctions hit North Korea's crumbling economy: report
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Euro zone woes to make for erratic market
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Europe's woes to have small global impact: U.S. official
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
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Commodity Trends: Indices brighten but still weak
Globally, commodity prices have stabilized after a week of declines although Reuters-Jefferies CRB commodities index dropped 2.3% on the week and 9% so far this month, Financial Times (FT) reported. The report quoting Adam Sieminski, energy economist at Deutsche Bank in Washington said that a combination of the sovereign debt crisis in Europe, credit tightening in China and a cluster of worrisome economic indicators in the US has revived concerns about a W-Shaped recovery.
Geithner: global economy can handle Europe strains
Treasury Secretary Timothy Geithner said a strengthened global economy is now in better shape to handle the strains emanating from Europe's crisis, China's Xinhua news agency reported on Saturday.
U.S. claims on copyright piracy groundless: China
The Foreign Ministry has dismissed as groundless U.S. accusations that China is failing to crack down on copyright piracy, ahead of talks with top U.S. officials next week, Xinhua News Agency reported on Saturday.
Geithner says sovereign debt crisis not biggest threat
Treasury Secretary Timothy Geithner said he did not agree with current opinion that the sovereign debt crisis had become the biggest threat to the world economy, China's Xinhua news agency reported on Saturday.
Will the U.S. Stay Globally Competitive? It Depends
Jim Owens, chairman and chief executive officer of Caterpillar Inc., is concerned that the U.S. is not on a path to sustain the global economic competitiveness our country has sustained for a long time.
PepsiCo to invest $2.5 billion more in China
PepsiCo Inc plans to invest $2.5 billion in China over the next three years to expand its presence in a major, growing market where its drinks lag behind rival Coca-Cola Co .
Toyota gets Tesla stake, Tesla gets Toyota factory
Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.
China and U.S. look to close world's biggest trade gap
The world's largest bilateral trade gap -- and how to narrow it -- will be the focus of high-level China-U.S. talks in Beijing next week, with export barriers taking center stage and the yuan lurking on the side.
Pepsi to up China investment by $2.5 billion
PepsiCo Inc said it is planning to up its investment in China by $2.5 billion over the next three years, as it sees more growth in the market.
PetroChina to increase overseas oil output
China's largest oil producer, PetroChina Co Ltd said Friday it plans to earmark $60 billion to increase its overseas oil and natural gas output. In a statement, the company said it aimed to increase the output to 200 million tons per year, or equivalent to 4 million barrels output per day.
Toyota gets Tesla stake while Tesla gets Toyota factory
Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.
Oil falls to near $70 on euro zone woes
U.S. oil prices dropped to near $70 on Friday, after falling the previous day for a seventh time in eight sessions, on unabated fears that Europe's debt crisis could hurt global economic growth and slow energy demand.
Germany, France pledge unity as markets falter
France and Germany pledged on Thursday to work together to solve a European debt crisis and support the euro, patching up a public rift that had rattled markets around the world.
Annoyed by cellphones? Scientists explain why
NEW YORK (Reuters Life!) - Ever wonder why overhearing a cellphone conversation is so annoying? American researchers think they have found the answer.
Merkel, Sarkozy pledge unity as markets wilt
The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
After Facebook, Pakistan shuts down YouTube
Pakistan has blocked the popular video sharing website YouTube indefinitely in a bid to contain blasphemous material, officials said on Thursday.
Corrected: Annoyed by cellphones? Scientists explain why
Corrects spelling of researcher's surname
Merkel and Sarkozy pledge unity as markets wilt
The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
Annoyed by cellphones chats? Scientists explain why
Ever wonder why overhearing a cellphone conversation is so annoying? American researchers think they have found the answer.
Restoring confidence in euro top priority: Germany
Germany said restoring confidence in the euro was its top priority, demanding tougher regulation and oversight on Thursday to protect the single currency, and joint EU action on withdrawing support for its economies.
Juncker says markets acting irrationally
A senior euro zone official said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action was not needed.
NYSE expects all U.S. stocks to have circuit breakers
All U.S. stocks will probably be subject to so-called circuit breakers by the end of this year, Duncan Niederauer, chief executive officer of stock exchange operator NYSE Euronext, said on Thursday.
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