Global stocks eased on Tuesday as buoyant shares and economic data in China failed to erase concern over the durability of the recent rally, while the yen held firm after a landslide election win for Japan's opposition.
China's vast manufacturing sector kept up its steady recovery last month, ignoring the gloom engulfing the Shanghai stock market, a pair of surveys showed on Tuesday.
Chinese shares bucked up on Tuesday after Monday's rout, helped by upbeat economic data, but the Aussie dollar fell after the central bank dashed expectations it would shift to a tighter policy bias.
The Australian Dollar opens stronger on Tuesday at 0.8435 after shrugging off worse-than-expected local data yesterday where gross operating profits fell 7.8 per cent in the June quarter and business inventories shrank 3.4 per cent.
China Mobile CEO Wang Jianzhou said on Monday that the nation's biggest mobile provider is still in talk with Apple on iPhone, echoing Apple China's statement that its three-year agreement with China Unicom is not exclusive to the carrier.
Canada's Tiomin Resources Inc said it signed an investment agreement with China's Jinchuan Group Ltd, following which the top Chinese nickel producer will acquire 70 percent equity interest in Tiomin Kenya Ltd (TKL).
Criminal gangs tricking unwitting Chinese into releasing bank account information and other personal details are having the greatest success among older people and women, police said on Monday.
Apple confirmed Monday that its hosting a special, invitation-only event for September 9, 2009, confirming rumors that have circulated for the past couple of weeks.
Chinese regulators could decide whether to approve a domestic firm's bid for General Motors' GM.UL Hummer brand based on commercial, not political, factors, a government academic with one of the regulators said at the China Investment Summit on Monday.
U.S. stocks fell on Monday as concerns about the global economy's health weighed on Wall Street following a sell-off in Chinese equities.
Italian vehicle group Fiat SpA's (FIA.MI) Magneti Marelli unit has signed an agreement with Italy's FAAM SpA for development, production and sale of lithium batteries, Fiat said on Monday.
China Mobile on Monday formally launched its Ophone platform and Ophone handsets, days after its rival China Unicom's non-exclusive iPhone deal with Apple.
Oil prices fell nearly 4 percent to below $70 a barrel on Monday as fear of a curb in Chinese bank lending dented optimism about the pace of economic recovery and a potential rebound in global energy demand.
Oil prices fell nearly $3 to below $70 a barrel on Monday as fear of a curb in Chinese bank lending dented optimism about the pace of economic recovery and a potential rebound in global energy demand.
Disney's Marvel; One Stop Oil Shop; Apple's China Adventure
Stocks fell on Monday as concerns about the global economy's health weighed on Wall Street, following a hefty sell-off in Chinese equities.
U.S. copper futures sank to a one-week low below $2.80 a lb on Monday, after a sharp plunge in Chinese equity markets raised doubts about the strength of global economic recovery.
Oil prices fell nearly $3 to below $70 a barrel on Monday as a big drop in China's key stock index dented optimism about the pace of economic recovery and a potential rebound in global energy demand.
Oil prices fell more than $3 toward $69 a barrel on Monday as a big drop in China's key stock index dented optimism about the pace of economic recovery and a potential recovery in global energy demand.
Apple announced last week that it would make its iPhone available in China late this year, the company confirmed on Monday that its three-year agreement with China Unicom is not exclusive to the carrier.
Stocks declined on Monday, pressured as a sharp drop in Chinese equities led to weakness in the energy sector.
Stocks fell on Monday after a sharp drop in Chinese equities called into question whether asset prices have raced ahead of an economic recovery.
