Growing confidence about the global economy lifted Asian stocks to a fresh 17-month high on Tuesday as investors continued to be drawn to riskier assets, while the dollar stabilized after a weak start to the year.
World oil prices advanced near $82 a barrel in Asian trade Tuesday mainly on better demand for fuel as winter weather spreads to more areas in the northern hemisphere. Lights sweet crude for February delivery was seen trading at $81.84 a barrel at 12.00 noon Singapore time while Brent crude was at $80.47 a barrel at the same time.
Do you know among the commodities metals were the best performing ones in 2009? If not, remember that not only gold other metals also performed extremely well in 2009 riding on hopes for a global economic recovery and fears of runaway inflation.
Ford Motor's China car venture sold 316,139 units in 2009, up 54.5 percent from a year earlier, its Chinese partner said on Tuesday.
Michael Widenius, the creator of the MySQL database and a vocal opponent of Oracle Corp's (ORCL.O) $7 billion takeover of Sun Microsystems Inc (JAVA.O), has handed 14,000 signatures opposing the deal to regulators in Europe, China and Russia.
Optical and electronic instruments maker II-VI Inc (IIVI.O) raised its revenue outlook for fiscal 2010, helped by its recent acquisition of China-based Photop Technologies Inc.
U.S. economic growth as measured by real gross domestic product will top 5 percent in 2010 and the unemployment rate fall below 9 percent, said longtime Wall Street strategist Byron Wien.
Stocks climbed broadly on Monday after a report showed the manufacturing sector expanded for a fifth straight month, lifting confidence in the global economy as investors eye fourth quarter earnings.
Chinese manufacturing grew at its fastest pace on record in December, data showed on Monday, while U.S. factories marked their best month in nearly four years, suggesting more improvement in the world economy.
Global factory business activity grew at its fastest pace in nearly four years in December as new orders growth accelerated at a rate not seen in more that five and a half years, a survey showed on Monday.
Stocks climbed broadly on Monday after a report showed the manufacturing sector expanded for a fifth straight month, lifting confidence in the global economy as investors eye fourth quarter earnings.
Hyundai Motor Group, South Korea's top automaker, said on Monday it aimed to raise global sales volume by 17 percent in 2010 on an worldwide economic recovery and new models.
General Motors expects to sell 100,000 vehicles in 2010 in India, up 43 percent from 70,000 sold in 2009, its India head said on Monday.
British Prime Minister Gordon Brown said on Sunday he believed a global agreement to combat climate change might still be possible despite the limited results of last month's Copenhagen meeting.
Oil rose more than 2 percent to touch two-month highs over $81 a barrel on Monday as cold weather battered the United States and other big consumer regions, driving up demand for heating fuel.
U.S. stocks climbed in a commodities-fueled rally on Monday after data showed the manufacturing sector expanded for a fifth straight month, lifting confidence in a global economic recovery.
Michael Widenius, the creator of the MySQL database and a potential stumbling block for Oracle (ORCL.O) in its takeover of Sun (JAVA.O), handed 14,000 signatures opposing the deal to regulators in Europe, China and Russia
Avatar sped past the $1 billion mark at the worldwide box office after three weekends in release, making it the fourth-biggest movie of all time, according to data released on Sunday.
Novartis seeks tighter Alcon grip; Whistleblower reprieve? Asian factories rise
Chinese police arrested thousands in a drive against Internet pornography throughout 2009, officials said, vowing a deepening crackdown that critics say is being used to tighten overall censorship.
Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the region that is leading the global recovery.
Lenovo Group Ltd is unveiling a new look for its classic ThinkPad line, and is including Advanced Micro Devices Inc microprocessors in the laptops for the first time.
