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Futures cut gains amid corporate results

Stock index futures cut earlier gains on Tuesday with S&P 500 futures turning flat as investors took in the latest round of corporate results and awaited key data on consumer sentiment and home prices.

Oil rises above $79 ahead of inventory data

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Oil rose above $79 a barrel on Tuesday, up after three straight days of decline as investors awaited new leads from equities markets and weekly crude inventory data from the United States.

Honda nearly triples outlook, more upside seen

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Honda Motor surprised investors with a near tripling of its annual profit forecasts, bumping it further ahead of Japanese rivals thanks to a dominant motorcycle business and line-up heavy in small cars.
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Oil pauses below $79 ahead of inventory data

Oil paused below $79 a barrel on Tuesday, steady after three straight days of decline as investors awaited new leads from equities markets and weekly crude inventory data from the United States.
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GM's CEO has very good outlook on Brazil: report

General Motors said Brazil's car market has a very good outlook and the automaker will reinvest profits from the country's unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.
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Global stocks edge higher; China report hits dollar

A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
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Asian shares uneven; China article trips dollar

Shares in Japan and South Korea rose on Monday, with Seoul lifted by strong economic growth data, while the dollar slid after a Chinese article said Beijing should raise its euro and yen holdings in its reserves.
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Singh to Wen: Dalai Lama an honored guest

India's Prime Minister Manmohan Singh rebuffed China's wishes that it bar the Dalai Lama from traveling to a disputed border area, telling Chinese Premier Wen Jiabao the Tibetan spiritual leader was an honored guest.
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Asian leaders seek to reduce Western trade ties

Asia-Pacific leaders called on Sunday for regional-wide free trade and other measures to reduce dependence on the United States and big Western markets as Asia leads the way out of the global economic downturn.
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U.N. experts inspect Iran's new nuclear site

A team from the U.N. nuclear watchdog inspected a nuclear site in Iran on Sunday that has heightened Western fears of a covert program to develop atomic bombs, the semi-official Mehr news agency reported.
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What is the East Asia Summit all about?

The East Asia Summit, bringing together the 10-member Association of South-East Asian Nations (ASEAN) and six dialogue partners, will be held in the Thai seaside resort of Hua Hin on Sunday.
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Japan pushes for East Asia bloc

Japan's prime minister backed a U.S. role for a proposed EU-style Asian community on Saturday, telling Southeast Asian leaders Tokyo's alliance with Washington was at the heart of its diplomacy.
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Central banks pressured to maintain loose policy

Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles.
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Apple's iPhone making iPod obsolete

Apple on Monday reported better-than-expected profits and sales which smashed Wall Street's forecasts, lifted by record quarter sales of iPhones and Macs.
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Mongolia lists 8 potential bidders for coal project

Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzorig, deputy director of Erdenes MGL, the Mongolian government company that will hold at least 51 percent of the equity.
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Malaysia's Maxis eyes $3.7 billion from IPO

Malaysia's biggest mobile service provider, Maxis Bhd, aims to raise as much as $3.65 billion in the country's biggest IPO, despite a cooling off in demand for Asian listings following China's flurry of offerings.
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South Korea wins biggest energy deal with Canada's Harvest

South Korea ended a frustrating losing streak in overseas resource deals with the agreed $1.7 billion takeover of Canada's Harvest Energy Trust, securing oil and gas reserves but also taking on an aging refinery in need of significant investment.
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Trade row hangs over ASEAN summit, security tight

A trade row between Thailand and the Philippines threatened to derail a regional free trade pact on Friday, as hosts Thailand cast tight security over an Asian summit twice postponed due to anti-government protests.
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President Hu talks with Obama on climate deal

Chinese President Hu Jintao, made the fifth phone conversation with U.S. President Barack Obama Wednesday. President Hu expressed his confidence that a positive outcome at the upcoming Copenhagen world climate summit in December could be provided improvement in bilateral relations and faced the weather pattern challenge.
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Japan may weaken CO2 target if no global pact

Japan could weaken its target for a 25 percent cut in greenhouse gas emissions by 2020 if all major emitters do not reach agreement on an ambitious global climate pact, the environment minister said Friday.
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Investment risks could maim Kyoto emissions scheme

A combination of investment risks threatens to obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme's first phase is due to end.

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