Asian shares mostly eased on Thursday and the yen rose after a flat day on Wall Street following encouraging home sales and durable goods data left investors cautious about chasing shares higher.
Oil fell toward $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.
U.S. stocks closed near break-even on Wednesday despite fresh signs of a modest economic recovery, while rising U.S. crude stockpiles led oil prices to extend sharp losses from the previous session.
China Sinopec Group's $7.24 billion acquisition of Swiss oil firm Addax Petroleum Corp was approved by the Iraqi government, a local paper quoted a senior Sinopec official as saying on Wednesday.
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
Investors stayed cautious on Wednesday after a rally, leaving stocks little changed despite solid reports on new home sales and durable goods orders.
China's top offshore oil producer CNOOC Ltd said it will take a conservative approach to acquisitions as it reported its lowest half-year earnings since 2005 on weak crude oil prices.
Investors stayed cautious on Wednesday after a rally, leaving stocks little changed despite solid reports on new home sales and durable goods orders.
A bankruptcy judge on Wednesday approved a plan of reorganization for luxury home builder WCI Communities Inc (WCIMQ.PK), according to court documents, helping clear the way for the company to emerge from Chapter 11 bankruptcy protection.
China Unicom will ramp up broadband connectivity nationwide to help 80% of its users have access to 2Mbps by the end of 2009, an executive of the Chinese telecom giant said on Tuesday.
Digital China Holdings recorded a profit attributable to equity holders of approximately HK $262 million or HK 27.24 cents per share for the three months ended June 30, up 130% compared with a year ago.
Dongfeng Motor Group (0489.HK), China's No.3 carmaker, said it expects the domestic market to grow an average 15 percent over each of the next three years, fueled by strong appetites among an emerging middle class.
Last November, General Motors was burning cash on a fast-track to failure and desperate to cut any deal to save itself and its German unit Opel.
China launched its first national organ donation system in a bid to crack down on organ trafficking and create a source for transplants other than executed prisoners, who currently make up the majority of donors.
Even as the US lowers the lead levels allowed in paint dramatically, paint with dangerously high lead levels is still being sold for household use worldwide, putting hundreds of millions of young children at risk of permanent brain damage,
A consortium of South Korean and Indian companies is to invest $5.6 billion in producing natural gas in Burma for export by pipeline to China, the Times reported on Tuesday.
SAIC Motor Corp, China's biggest automaker, posted a 26.4 percent fall in first half earnings on provisions for its loss-making South Korean unit but was cautiously optimistic for the rest of the year as government policy initiatives bolstered automobile demand.
China Life Insurance Co, the country's top life insurer, said it is studying possible investments involving IPO candidates Agricultural Bank of China and AIA, aiming to improve its returns.
Sino Gold Mining Ltd will make an announcement on a potential takeover transaction, it said on Wednesday, amid market talk that Canada's Eldorado Gold Corp could be a bidder.
Tobacco use will kill 6 million people next year from cancer, heart disease, emphysema and a range of other ills, global cancer experts said in a report issued on Tuesday.
The immediate crisis may be over but G20 policymakers meeting next week must still find a way to rebalance the global economy if the world is not to be doomed to repeat the past.
Japan's exports slipped in July as annual drops in exports to the United States and China accelerated, in a sign that the impact of stimulus measures in major economies worldwide may be starting to wane.
