Asia-Pacific governments were expected on Thursday to stick with economic stimulus plans and make a joint call for market-oriented exchange rates to ensure the fragile recovery under way can be sustained.
HP's Cisco Challenge; AIG CEO is Staying; Costco's Warehouse Hopes
Oil prices were steady above $79 a barrel on Thursday, as the market awaits U.S. government oil inventory data and watches the dollar, which is flirting with 15-month lows against a basket of currencies.
China will stick to its active fiscal policy and loose monetary measures even though its economic recovery is now on more solid footing, Premier Wen Jiabao said on Thursday.
Hewlett-Packard Co on Wednesday announced preliminary results for the fourth quarter 2009 and besides its acquisition of 3Com Corp for $2.7 billion. The company also raised its outlook for fiscal 2010.
Shares of 3Com Corp soared more than 35 percent in extended trading on Wednesday after Hewlett-Packard Co agreed to acquire the networking solutions provider for $2.7 billion, while HP shares slipped 0.7 percent to $49.65.
US based personal computer maker Hewlett-Packard announced Wednesday it is acquiring 3Com. This acquisition deal is worth $ 2.7 billion, or $7.90 a share.
Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.
The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.
Many travelers love to experience a destination through its local cuisine. And while it is nice to treat yourself to a relaxing restaurant meal on vacation, it's not necessarily the best way to find the most vibrant and exciting regional foods. For that, you need to take to the streets!
The Standard & Poor's 500 index closed at a fresh 13-month high on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.
Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.
Oil prices steadied on Wednesday as the dollar rebounded from 15-month lows, countering data showing strong demand growth from No. 2 consumer China.
China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
In 2005, China administered a spelling test that asked respondents to spell Google for a search market report: only 60 percent took the test and more than 20 percent got it wrong.
China's top online game operator Tencent Holdings said on Wednesday that its quarterly net profit doubled to a record high thanks to surging popularity of its online games.
Tencent Holdings, China's most valuable Internet firm, faces challenges from regulation and competition to maintain its breakneck pace of growth after reporting a near doubling in third-quarter profits.
Japan's Daiwa Securities Group Inc plans to invest 100 billion yen ($1.11 billion) in its operations in Asia outside Japan through next spring, the Nikkei business daily said on Thursday.
German generic drugmaker Ratiopharm has attracted at least 10 first-round bids, several people familiar with the procedure told Reuters on Wednesday, indicating that a competitive auction was underway.
The Dow industrials and the S&P 500 index made new yearly highs on Wednesday after data showed China industrial output surged and Federal Reserve officials hinted money would remain cheap well into 2010.
The Dow industrials and the S&P 500 index made new yearly highs on Wednesday after data showed China industrial output surged and Federal Reserve officials hinted money would remain cheap well into 2010.
