Apple's global smartphone share reached 17 percent as iPhone sales totaled 7 million units in the third quarter, following the continued rollout of the iPhone 3GS in new countries, research firm Gartner said on Thursday.
Foreign central banks' holdings of U.S. Treasuries fell and agency debt holdings at the Federal Reserve rose in the latest week, data from the U.S. central bank showed on Thursday.
Thousands of vehicles have been trapped on roads after two days of snow in China's biggest coal-mining province, disrupting the movement of people and coal, state media reported on Wednesday.
President Barack Obama said on Thursday he planned to discuss a strategy with Asia Pacific leaders calling on their countries to import more U.S. goods and the world to rely less on exporting to the United States.
Leonora Walet, Asia Green Investment Correspondent
Fang Yan and David Lin
Nissan Motor, expected to return to profitability in the current financial year, hopes to maintain the improved earnings momentum into 2010, its chief executive said on Thursday, driven largely by growth in emerging markets such as China.
The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
The U.S. dollar rallied broadly in technical trading after a weekly jobless report triggered strength in the U.S. currency and momentum pushed it further through key levels. While the dollar's early gains came against the yen after a report showed initial weekly jobless benefit claims lower than expected, dollar strength spilled over against the euro.
The fall in the handset market stopped in the third quarter, helped by clearing of inventories of unsold phones and booming sales on the so-called grey market in countries like China, research firm Gartner said on Thursday.
Hyundai Motor Group, South Korea's top carmaker, said on Thursday it expects car sales in China this year to jump 83 percent from 2008, led by new models and as economic stimulus measures spur demand in the country.
Europe's second-biggest carmaker PSA Peugeot Citroen on Thursday raised its full-year outlook and unveiled a plan to lift earnings via productivity improvemenmts, costs cuts and more sales in emerging markets.
BMW and its partner, the state parent of Brilliance China Automotive, will invest $735 million to expand their capacity in the world's largest vehicle market.
U.S. Treasury Secretary Timothy Geithner offered fresh reassurances to Asian nations that the Obama administration was committed to a strong dollar and to actions aimed at bolstering its value.
Strong demand for a piece of a China property company and a brokerage show that selected IPOs are still being coveted despite investor fatigue with the surge of new listings.
Chinese property developer Longfor Properties Co raised $912 million on Thursday, pricing its Hong Kong initial public offering at the top end of an indicated range, according to two sources close to the deal.
Apple is expanding its retail business in New York by opening up a new store in the city's Upper West side this Saturday, Nov. 14.
President Barack Obama left for Asia on Thursday with the U.S. economy, jobs and a yawning trade deficit with China looming large on his agenda.
A Chinese government spokesman said Barack Obama should be especially sympathetic to China's opposition to the Dalai Lama and Tibetan independence, as a black president who lauded Abraham Lincoln for helping abolish slavery.
President Barack Obama leaves for Asia on Thursday with the U.S. economy, jobs and a yawning trade deficit with China looming large on his agenda.
Australia said it will invest $50 million to develop green technologies in India, in a sign Canberra was trying to bridge differences with New Delhi over climate change negotiations.
Japan will reassure the United States that their alliance is in good shape, Tokyo said on Thursday, as a feud over a Marine base strains relations ahead of a visit by President Barack Obama.
