Worries over the euro zone's debt crisis hammered Asian stocks to their lowest in more than eight months and sent the euro down, struggling to stay above the previous day's four-year low as political divisions and fears of more market regulation kept investors on edge.
The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The head of the Eurogroup 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.
The AUD has been on a wild ride over the last 24 hours as risk aversion spurred another round of solid selling.
The United States will continue nudging China at top-level talks in Beijing next week to let its yuan currency appreciate but trade issues appeared to be higher on the U.S. agenda ahead of the sessions.
Deere & Co reported a stronger-than-expected quarterly profit on Wednesday, and raised its full-year outlook, citing improving business conditions including a recovery in the hard-hit market for construction equipment.
Toyota Motor Corp, the world's biggest automaker, said it plans to recall four models of its Lexus luxury car in Japan due to steering problems, its latest move in a series of massive recalls.
Deere & Co reported a stronger-than-expected quarterly profit on Wednesday, and raised its full-year outlook, citing improving business conditions including a recovery in the hard-hit market for construction equipment.
Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday.
Treasury Secretary Timothy Geithner said on Wednesday that he wanted to see Europe follow through with its rescue package aimed at stemming the spread of the Greek debt crisis.
(Reuters) - Male sex hormones may explain why men who suffer from the hepatitis B liver disease are more likely to develop liver cancer than women, researchers in Taiwan have found.
100 counselors and Buddhist monks were hired by the Taiwanese company that manufactures iPhones for Apple to reduce stress among its workers after reported cases of suicides at it Chinese factories this year.
Wal-Mart Stores Inc's quarterly results beat Wall Street expectations, as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 3 percent.
The euro dipped on Tuesday, struggling to pull away from four-year lows hit on Monday, and Asia stocks fell to three-month lows as persistent worries about the euro area's fiscal health weighed on investor sentiment.
China is committed to improving its exchange rate system based on domestic and international economic conditions, a foreign ministry spokesman said on Tuesday. Ma Zhaoxu was responding to a question at a regular press briefing about how the yuan will figure in next week's Strategic and Economic Dialogue with the United States.
Japanese manufacturers turned optimistic for the first time in two years in May, a Reuters poll showed, providing further evidence of the economy's continuing recovery led by Asian demand.
Google Inc could face inquiries from German and U.S. officials following the company's disclosure it had mistakenly collected sensitive data sent by consumers over wireless networks, the Financial Times reported on Tuesday.
General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.
Volkswagen, Europe's largest carmaker, sold 2.34 million vehicles for an increase of 21 percent during the first four months, thanks mainly to China -- destination for more than a quarter of its volume.
Platinum and palladium prices have witnessed a big surge in the recent past following the increased demand from auto sector in China and India. But this surge has hit the auto makers in India in a big way. Due to increased competition in Indian market car makers in India have been witnessing a price war. At that time the steel prices soared and along with that platinum and palladium prices also shot up.
Foreigners bought a record $140.5 billion of long-term U.S. securities in March, the Treasury Department said on Monday, and more than doubled purchases of U.S. government bonds.
