CHINA

Toyota Motor Corp said production of eight models involved in a safety recall would resume on February 8, as it detailed plans to fix 2.4 million vehicles and sought to salvage its reputation with a PR blitz.

President Barack Obama on Monday projected the budget deficit would soar to a fresh record in 2010, challenging his push for fiscal responsibility while driving to defeat double-digit unemployment.

China has ordered a further clampdown on excessive bank lending to ensure credit has not illegally entered the stock or property markets as two surveys on Monday showed the mounting challenges faced by policymakers.

Stock index futures rose on Monday after Wall Street ended January with its worst month in nearly a year as investors bet that data will show signs the U.S. economy continues to mend.

Stock index futures rose on Monday after closing their worst month in nearly a year and as investors digested President Barack Obama's budget plans and awaited earnings from Exxon Mobil Corp .

Publishing group Pearson and phone maker Nokia have formed a joint venture to deliver English-language learning materials to mobile phone users in China, the two companies said on Monday.

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.42 percent, Dow Jones futures up 0.53 percent and Nasdaq 100 futures up 0.36 percent at 5 a.m. EST.

Oil steadied around $73 per barrel on Monday, stabilizing after three weeks of falls, with the outlook still clouded by the outlook for global growth and sluggish fuel demand.

China's economy made a strong start to the year, according to a pair of business surveys released on Monday that also underlined the mounting challenge policymakers face to curb inflation.

World shares sank to a three-month low on Monday as concerns about Greece's debts and a reminder of the challenges China faces to curb inflation stung risk demand, helping push the dollar to a six-month high versus a currency basket.

Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week.

President Barack Obama will seek on Monday to strike a balance between taming skyrocketing U.S. budget deficits and giving the economy a boost to ease the pain of double-digit unemployment.

The dollar held at its highest levels in six months on Monday, while the euro huddled near seven-month lows on fiscal concerns, and higher yielding currencies remained pressured by the closing of leveraged trades. The Australian dollar hovered at its weakest since mid-December as investors briefly unwound yen-funded carry trades on a report that a UK regulator would like to restrain carry trading generally.

Chinese banks issued net new yuan loans of nearly 1.6 trillion yuan ($234.4 billion) in January, the Economic Information Daily reported on Monday, pointing to a much slower pace of lending in the last 10 days of the month.

The adage as January goes, so goes the year bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.

The economic recovery is suddenly looking more robust. If it is going to stay that way, the labor market will need to catch up soon.

U.S. safety regulators are satisfied with a Toyota Motor Corp. plan for fixing an accelerator problem that is part of a widening global recall and unprecedented sales and production halt, a government official said on Saturday.

Indian wheat products are finding no takers in the global market because of the high domestic prices, which has even prompted the Prime Minister to call a meeting of the state chief ministers to discuss ways to bring down prices. Food inflation reared up again, with the annual wholesale price index-based inflation in primary food products inching up to 17.40 per cent for the week ended January 16 against the previous week's annual rise of 16.81 per cent. Inflation in items such as potatoes rose ...

China threatened to impose sanctions on U.S. arms firms and cut cooperation with Washington unless it cancels a $6.4 billion arms sale to Taiwan, in an unprecedented move signaling Beijing's growing global power.

World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.

Trade ministers expressed gloom on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging.