Global miner Rio Tinto reported a 23 percent slide in half-year profit on Thursday, its worst second-half profit in three years, dented by a sharp drop in iron ore prices, but the result beat analysts' forecasts.
Australia urged China to deal quickly and transparently with the trials of four Rio Tinto mining staff accused of bribery and stealing commercial secrets, amid growing investor concern over dealing with Beijing.
The euro rose on Thursday ahead of a key EU summit that could lay the groundwork for a rescue of debt-stricken Greece, while Asian stocks gained for a third day, powered by strong economic data from Australia and China.
Asian stocks rose for the third day in a row on Thursday, powered by strong economic data from Australia and China, while the euro steadied ahead of a key summit that could lay out a rescue plan for debt-stricken Greece.
Australia urged China on Thursday to deal quickly and transparently with the trials of four China-based employees of global miner Rio Tinto accused of bribery and stealing commercial secrets.
Australia urged China on Thursday to proceed quickly with the trial of four China-based staff of Anglo-Australian miner Rio Tinto , whose arrest on charges of spying and bribery have strained ties with Beijing.
The stock market ended slightly down today ahead of tomorrow's all important European Union Economic Summit, when European leaders will meet and discuss the details of a Greece bailout.
Honda Motor said on Wednesday it aims to sell at least 632,200 vehicles in China this year, up 10 percent from 2009, though the pace of growth will likely slow compared with a surge last year due to government incentives.
Toyota Motor Corp was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States.
Stocks are nearly flat this morning as investors monitor the progress of a possible Greece bailout, digest a slew of economic data, and eye Fed Chairman Ben Bernanke's written testimony at 10:00 am EST and the European Union Economic Summit on Thursday.
India aims to test a new nuclear-capable missile with a range of more than 5000-km (3,100- miles), a top military scientist said on Wednesday, a move that could complicate security in a volatile region.
Wall Street was set for a flat open on Wednesday with equity markets sensitive to comments from European officials as to whether a rescue plan for heavily indebted Greece was in the works.
The U.S. trade deficit widened unexpectedly in December to $40.2 billion, fueled by the highest oil prices and oil imports since October 2008, the Commerce Department said on Wednesday.
Stock index futures rose on Wednesday, taking a cue from gains in global markets, as the prospects of a rescue plan for heavily indebted Greece strengthened sentiment.
Stock index futures rose on Wednesday, taking a cue from gains in global markets, as the prospects of a rescue plan for heavily indebted Greece strengthened sentiment.
Oil rose above $74 a barrel on Wednesday, bouncing from earlier losses, as the euro extended gains against the dollar on hopes for a bailout for Greece.
Top global miner BHP Billiton signaled caution over a sustained global recovery and held off from a share buyback after reporting its weakest first-half profit in four years. BHP's July-December profit nevertheless beat market forecasts and was 24 percent stronger than in the previous half, spurring the miner to raise its dividend slightly, pushing its shares up more than 3 percent...
Asian stocks rose on Wednesday on signs that the European Union may rescue debt-strapped Greece, coaxing nervous investors back to riskier assets, but uncertainty over the plan weighed on the euro.
Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal has been climbing down the ladder of speculation.
Google Inc co-founder Sergey Brin said on Tuesday it has become very hard to operate in China, but he is optimistic that the Internet company can continue to open up information for everyone everywhere, free of political censorship.
U.S. stocks rose Tuesday on investors' relief that help for Greece may finally arrive.
