World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
BHP Billiton , the world's biggest miner, expects weak growth on both sides of the Atlantic to persist for many years as Europe and the United States deal with their debt crises, heightening the reliance on China's fast-growing economy.
Brent crude rose $3 on Wednesday after the U.S. Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
The United States could launch a new round of quantitative monetary easing, China's top economic planner said on Wednesday in a statement addressing the country's future inflation risks.
Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.
Brent crude rose $2 on Wednesday after the Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Saab's parent is in "real and substantive" talks with potential investors, the automaker's North American president said on Tuesday.
Keanu Reeves is in negotiations with China Film Group and Village Roadshow Pictures to get funding for "Man of Tai Chi," a Mandarin-and-English-language movie that Reeves will star in and direct, individuals familiar with the project told TheWrap.
Blood Tests will Not Lead to more Abortions
U.S. stocks soared in turbulent trading Tuesday, coming off the worst three day selloff since the financial crisis, as investors took in stride the Federal Reserve's pledge to keep interest rates near zero at least through mid-2013.
The struggling U.S. economy is beginning to take its toll on shipping companies which should be seeing a big boost from their peak season but instead find retailers delaying decisions about how much to import.
America's economy is barely growing, and policy-makers are searching for solutions. If only Apple made its popular iPhone and iPad in America. The unemployment rate would shrink, and the economy would get moving again.
Treasury Secretary Timothy Geithner discussed the global economy and the state of financial markets on Tuesday with his Chinese counterpart, Vice Premier Wang Qishan, the Treasury said.
World stocks rebounded from a 10-day rout on Tuesday as investors looked to the Federal Reserve to calm markets, though rallies in gold and the Swiss franc showed some were clinging to safe assets.
vVllages have been demolished and thousands of residents have been forced out of their homes, while many others still face eviction.
Despite the S&P downgrade of the United States, Russia announced that it has no plans to make an immediate change to its U.S. dollar-denominated gold or foreign exchange reserves, a senior Russian bank official has confirmed.
Sudan has granted its main ally and oil buyer China more oil exploration rights as both countries seek to boost ties, Sudan's foreign minister said.
Russia has secured Nokia's backing of its GLONASS satellite navigation system, a major step forward for the country's technology toward securing the number two global position after GPS.
World stocks recovered after their 10th straight day of declines on Tuesday as Wall Street managed to put a brake on losses for the time being, with investors turning their attention to a meeting of the Federal Reserve.
China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.
China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks swooned on fears the world economy is headed for a downturn.
