The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.
China's bank lending quickened to 548.5 billion yuan ($86 billion)in August, topping market expectations of 500 billion yuan and rebounding from July'sseven-month low, pointing to a slight relaxation in credit conditions for the nation's businesses.
The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.
NASA is on its way back to the moon, embarking upon a new study that could help launch future manned missions one day.NASA's Grail mission launched this morning, as the Delta II rocket carrying the Gravity and Recovery and Interior Laboratory lifted off from Cape Canaveral, Fla. Saturday at 6:08 a.m. EDT amid clear skies. It is the 110th mission to the moon in history, with previous missions launched by the United States, Soviet Union, Japan, China and India.
France on Sunday staked the future of the European Union on the fate of the euro, saying the economic and political union at the heart of Europe would be at risk if the single currency were allowed to be torn apart by the region's sovereign debt crisis.
China's Alibaba Group Chairman Jack Ma said on Saturday he was not the reason for the departure of Yahoo Inc's chief executive.
China's key commodity imports, including crude oil, copper and iron ore, all climbed in August from the previous month, adding to evidence that demand in world's second-largest economy was still going strong despite the economic turmoil in the West.
China's trade surplus fell sharply in August as exports pulled back from a record high and imports jumped, indicating the world's second-largest economy is feeling the pinch from weaker global growth while domestic demand remains resilient.
The Miss Universe 2011 swimsuit presentation took place on Thursday night, as the international beauties showed their stuff in Sao Paulo, Brazil.
No sector appears immune, including technology, which is supposed to be the source of future prosperity
China and the United States should reduce trade and investment barriers to create jobs, U.S. Ambassador to China Gary Locke said on Friday, striking a broadly cooperative tone in his first official public address since assuming the position in August.
Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
Now that Yahoo is searching for a new CEO and activist investor Daniel Loeb’s Third Point is trying to stir the pot, here are some things that former CEO Carol Bartz could have done to keep her job:
The global car industry descends on Frankfurt next week to show off the latest models it hopes will fend off an economic slowdown in some of its biggest markets, as government spending cuts chip away at consumer confidence in Europe.
Stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
Stock index futures fell on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth.
Stock index futures pointed to a lower open on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
A darkening euro zone economic outlook, a shrinking interest rate advantage and skepticism over European authorities' ability to resolve the sovereign debt crisis have raised the risk the euro will fall toward $1.30 before year-end.
Alibaba Cloud Computing, a unit of Alibaba Group, will release an English version of its mobile operating system this month and launch its tablet in the next two months, a top company executive said on Friday.
Gold demand which dropped in the second quarter of this year is expected to strengthen by the end of 2011, driven by robust jewelry consumption in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said on Friday.
Alibaba Cloud Computing, a unit of Alibaba Group, will release an English version of its mobile operating system this month and launch its tablet in the next two months, a top company executive said on Friday.
The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
