Qualcomm, the world's biggest chip maker, said on Tuesday that it expects to sell its TD-SCDMA chips in mainland China within the next year.
The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.
U.S. President Barack Obama on Tuesday urged a reluctant China to let its yuan currency rise in value at a summit where strains over trade between the two giants crept into proclamations of goodwill.
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
U.S. President Barack Obama on Tuesday nudged Chinese President Hu Jintao to allow the yuan currency to appreciate at a landmark summit in Beijing.
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.27 percent, Dow Jones futures down 0.18 percent and Nasdaq 100 futures down 0.25 percent.
Asian shares, gold and oil eased on Tuesday as investors locked in recent gains while keeping an eye on the ailing dollar, which was pinned near 15-month lows on expectations that U.S. interest rates will stay extremely low for some time.
Asian stocks surrendered early gains on Tuesday as investors took profits from recent gains, while the dollar was pinned near 15-month lows after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time.
Chinese President Hu Jintao said on Tuesday that he had agreed with U.S. President Barack Obama to increase international cooperation, after frank, constructive and fruitful talks in Beijing.
Asian stocks surrendered early gains on Tuesday as investors took profits from recent gains, while the dollar was pinned near 15-month lows after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time.
China's appliance and top TV maker TCL and Shenchao announced a joint venture that plans to invest a total 24.5 billion yuan ($3.6 billion) to set up an LCD production line using advanced 8.5-generation technology to tap future demand for flat-screen TVs.
Ford Motor's Volvo car unit will retain the rights for its licenced technologies, while its Chinese bidder Geely will get the right to use the technologies, a Geely spokesman was quoted as saying on Tuesday.
Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned near 15-month lows and gold close to record highs.
Coca-Cola Co unveiled goals on Monday that call for the revenue generated by the company and its bottlers to double to roughly $200 billion by 2020, with profit margins increasing.
Federal Reserve Chairman Ben Bernanke, in a rare comment on the U.S. dollar's value, on Monday acknowledged the currency's slump was causing some prices to rise, but said other factors restraining inflation were winning the day.
Sina Corp , China's largest Web portal, posted a decline in quarterly sales and profit but beat Wall Street estimates as a recovering economy boosted consumer spending and advertising sentiment.
Dell previously confirmed its plans to enter the smartphone business, and China Mobile and Claro in Brazil will be the second largest PC maker's first two supporting mobile operators to sell Dell Mini 3 smartphones, Sina Tech reported on Tuesday.
The semiconductor market is showing recovery in the midst of economic uncertainty, with global semiconductor revenue expected to bounce back to same level as 2008 at $255 billion despite an 11.4 percent decline in 2009 to $226 billion, Gartner said on Monday.
Two U.S. Senators on Monday unveiled bipartisan legislation aimed at doubling nuclear power in 20 years and increasing funding for research into low carbon sources of energy.
U.S. stocks rose on Monday to 13-month highs led by energy and materials shares even as Federal Reserve Chairman Ben Bernanke said the economic expansion probably will not be as robust as hoped.
Commodity-related stocks led Wall Street to 13-month highs on Monday, as oil and metals prices rose, lifted by a weak U.S. dollar.
