World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen.
Royal Dutch Shell and Malaysia's Petronas on Friday won the rights to develop one of the world's largest remaining untapped oilfields as Iraq staged its second auction of oil contracts since the 2003 U.S. invasion.
World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen.
Asian stocks, oil and most metals rose on Friday after a slew of Chinese data showed the world's third-largest economy is on a brisk recovery path, while the yen dipped against the dollar.
Asian stocks rose on Friday after a slew of Chinese data showed the world's third-largest economy is on a brisk recovery path, while gold prices rose as the dollar steadied.
The latest buzz online is that Dell is planning to unveil a tablet PC, possibly using the gala Consumer Electronics Shows in Las Vegas next month for its debut.
Two Chinese companies struggled to gain a foothold in the U.S. equity markets on Thursday, with one falling as much as 11.1 percent in its first day of trading and another withdrawing its initial offering altogether.
Shares in China Longyuan Power Group Corp Ltd (0916.HK), the world's 5th-largest wind power generator, rose 9 percent on their Hong Kong debut though this was less than expected and came after a U.N. body blocked carbon financing for some China wind projects.
U.S. President Barack Obama urged world leaders on Thursday to break the deadlock at climate change talks in Copenhagen, even though many nations accused the United States of lacking ambition.
China's top climate envoy called on President Barack Obama to increase a U.S. offer to cut greenhouse gases, and said it would discuss a 2050 emissions goal only if rich nations offered more cash and carbon cuts.
As Chinese banks try to take advantage of an easier regulatory regime to enter the U.S. market, Asian American banks could become natural targets for these big players, analysts say.
China, the world's biggest steel consumer, said it will impose anti-dumping duties of up to 25 percent on specialized steel imports from Russia and the United States, stepping up a trade row with Washington.
Transparency critic Lumumba D'aping attended an informal meeting ahead of the global climate conference where the allegedly leaked “Danish text” proposals were circulated, the U.N. Climate Chief said Wednesday.
Accepting his Nobel Peace Prize, U.S. President Barack Obama urged leaders on Thursday to confront climate change and warned of dire consequences if the world did nothing to curb rising carbon emissions.
The United States, Britain and France warned Iran on Thursday that it would face further sanctions if it continued to flout international demands that it halt sensitive nuclear activities.
Billionaire financier George Soros outlined a way to unlock $100 billion (61.5 billion pounds) to help slow global warming on Thursday as talks on a new U.N. climate deal slowed over tough demands by the Pacific island state of Tuvalu.
Chinese thin film solar company Trony Solar Holdings Co Ltd has postponed its initial public offering indefinitely, an underwriter said on Thursday.
The U.S. envoy for North Korea failed to secure a firm commitment from the isolated state to resume nuclear disarmament negotiations but said on Thursday he had won assurance that it supported the languishing deal.
Dutch sports car maker Spyker Cars NV remains interested in buying Swedish auto brand Saab from General Motors and is not aware of any deadlines imposed on the process, a spokesman for Spyker said.
The dollar fell against the euro for the second straight day on Thursday after a narrower-than-expected U.S. trade deficit for October and some improvement in jobless claims, reducing safe-haven demand for the greenback.
China aims to deepen energy ties with Central Asian states seeking new markets for their oil, gas and uranium, an official said on Thursday, ahead of a visit to Kazakhstan and Turkmenistan by Chinese President Hu Jintao.
The Australian dollar surged on Thursday after November jobs growth blew away expectations, while Asian stocks posted small gains ahead of a slew of Chinese economic data on Friday expected to reflect robust growth.
