Toyota Motor said on Thursday it would conduct safety tests on all its sport utility models after a report claiming that a handling problem in a new version Lexus put drivers at risk of rollover accidents.
Malaysia's Petronas has stopped supplying gasoline to Iran, a company spokesman said on Thursday, as the threat of U.S. sanctions on oil firms with supply ties to the Islamic Republic looms large.
Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.21 percent at 5:12 a.m. EDT.
Strong growth in China and upbeat corporate earnings lifted world stocks on Thursday to a new high for the year, putting them at levels last seen around the collapse of Lehman Brothers.
AIG remains a long-term investor in China's top non-life insurer PICC , the Chinese insurer said on Thursday, even as the embattled U.S. firm unwinds its holdings in other assets to repay the U.S. government.
Malaysia's state oil firm Petronas has stopped supplying gasoline to Iran, a spokesman told Reuters on Thursday.
Asian stocks rose and neared 22-month highs on Thursday after U.S. tech and financial firms beat earnings forecasts and China's accelerating economic growth underpinned hopes of a broad, global economic recovery.
Asian stocks rose on Thursday as China's economic growth accelerated and bellwether U.S. tech and financial firms reported strong results, boosting appetite for riskier assets and putting the U.S. dollar on the defensive.
A U.S. business group on Wednesday said it welcomed China's plans to ease restrictions on foreign investment, in a sign that tensions over currency have not blocked progress on all other trade issues.
A moderate U.S. economic recovery is likely to warrant very low interest rates for a long time, Federal Reserve Chairman Ben Bernanke testified on Wednesday.
A moderate U.S. economic recovery is likely to warrant very low interest rates for a long time, Federal Reserve Chairman Ben Bernanke said on Wednesday.
China's economy grew about 11.9 percent in the first quarter from a year earlier, topping expectations and the fastest annual pace in nearly three years, according to two market sources.
Crude oil imports by world's second largest oil consumer, China registered a 29.2 percent growth year on year in March. According to country's General Administration of Customs, China's crude oil imports were 21.06 million tons or 4.98 million barrels per day in March, up 29.2% year on year or 2.7% month on month. In the first three months, the country's crude oil imports surged 39% year on year to 56.68 million tons.
China's economy grew about 11.9 percent in the first quarter from a year earlier, topping expectations and expanding at the fastest annual pace in nearly three years, according to two market sources.
BY Chuck MikolajczakWall Street was set for a higher open on Wednesday, boosted by solid results from Intel and JP Morgan Chase, while retail sales data provided fresh evidence of an economic recovery.
Chinese dairy products maker Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors and Citigroup among its lenders, has collapsed, leaving around 3 billion yuan ($440 million) in unpaid debt, sources familiar with the matter said on Wednesday.
U.S. railroad CSX Corp reported a 22 percent jump in quarterly earnings on Tuesday, beating analysts' estimates and offering fresh signals that the economy is ticking upward.
Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules.
U.S. Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules. Interviewed during an appearance before a meeting of the American Society of Newspaper Editors, Geithner repeated that it was important for China to move toward a flexible currency rate regime and added that he felt Beijing understands it was in that nation's own interest to do so.
U.S. Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules.
Money-losing smartphone maker Palm Inc tapped Huawei Technologies for preliminary acquisition talks, a move that would give the Chinese telecommunications equipment maker a foothold in the premium mobile phone market.
The U.S. trade deficit with China narrowed to its lowest level in nearly a year in February, while the nation's overall trade gap widened as strengthening domestic demand triggered a surge in imports.
