Asia's central bankers have two main choices for coping with Europe's debt crisis: Wait it out and hope for a safe resolution, or take out an insurance policy in the form of an interest rate cut.
Retailer Best Buy Inc. said it would buy Carphone Warehouse's stake in their U.S. mobile-phone joint venture for about $1.3 billion and plans to close 11 big box stores in the UK as part of its reorganization strategy.
The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.
HTC Corp said on Monday it will put equal investment weight on emerging markets next year as it does in developed ones like the U.S. and Europe, and will dip its toes back into the tablet market with a new model next year.
The collapse of BP's planned sale of a $7 billion stake in an Argentinean unit has renewed investor concerns about its strategy, a fortnight after Chief Executive Bob Dudley said the group had reached a turning point after its Gulf of Mexico oil spill.
Groupon's Chinese daily deals business Gaopeng said on Monday it had sold counterfeit luxury watches by accident and will compensate its irate buyers in its latest struggle in expanding in the potentially lucrative market.
DragonWave Inc. (NASDAQ: DRWI) announced its plans in acquiring the microwave transport business from Nokia Siemens Networks (NSN) in a cash and stock transaction valued at about $154 million.
Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.
Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.
China's yuan exchange rate is within a basically reasonable level, and it is not the root cause of the China-U.S. trade imbalance, Commerce Minister Chen Deming said in remarks published on Monday.
Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
A human resources graduate from Venezuela, whose ambition is to work with children, was crowned Miss World 2011 at a glittering beauty pageant in London on Sunday.
Australian explosives maker Orica Ltd is optimistic that 2012 will be less challenging than the year just-ended, with strong explosives demand from miners, a milder headwind from currency moves and fewer one-off problems.
Wall Street may find it hard to rally this week as Greece's new and untested coalition begins the process of ratifying a 130 billion-euro lifeline and the fate of Italy's government hangs by a thread.
BP's $7 billion deal to sell its stake in South America's Pan American Energy has collapsed because of legal issues, the would-be Chinese and Argentine buyers said on Sunday.
Financial aid to rescue Europe's debt-stricken countries is set to dominate talks between Christine Lagarde, the head of the International Monetary Fund, and Russia's president, government and monetary officials during her visit to Moscow.
The United States should be more open about its development of offensive cyber weapons and spell out when it will use them as it grapples with an increasing barrage of attacks by foreign hackers, the former No. 2 uniformed officer in the U.S. military said.
In a bizarre incident, a medical team in a hospital in southern China disposed of a live baby after mistakenly diagnosing it as a stillbirth. The shocking incident took place at the Nanhai Red Cross Hospital in the Guangdong provincial city of Foshan on Oct. 26.
The Metropolitan Museum of Art in New York is presenting a rare exhibition of masterpieces of 17th century Ming Loyalist Art that will be on display until Jan. 2.
The heads of China's largest technology companies have endorsed Beijing's aim to intensify controls of online social media, pledging to stop the spread of harmful information on the Internet, state news agency Xinhua said on Sunday.
China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.
