Egyptian President Hosni Mubarak's tottering regime is bracing for the toughest challenge yet as thousands of protesters demanding his ouster barreled towards main city centers on Tuesday as part of the planned March of a Million.
As the Egyptian protest enters its ninth day in Cairo the organizers have announced an indefinite general strike and called for a march of a million in the Egyptian capital on Tuesday. There is a mounting pressure on the president Hosni Mubark to relinquish the post and pave way for new leadership.
Asian stocks rose on Tuesday, led by shares of resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread to other parts of the Middle East.
The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism or even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Asian stocks posted modest gains on Tuesday, led by shares in resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread elsewhere in the Middle East.
Input prices jumped in Chinese and Indian factories in January, adding to pressure from food inflation that the fast-growing economies are already struggling to contain, business surveys showed on Tuesday.
Input prices jumped in Chinese and Indian factories in January, adding to pressure from food inflation that the fast-growing economies are already struggling to contain, business surveys showed on Tuesday.
As the Egyptian protest enters its ninth day in Cairo, the organizers have announced an indefinite general strike and called for a march of a million in the Egyptian capital on Tuesday.
With the government blocking Internet and cell phone connections in Egypt for the fifth consecutive day, the scene is one of complete chaos at the Cairo International Airport as tourists flock to escape the growing disturbance in the country.
China's factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.
China's factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.
Gold fell on Monday, notching its first monthly decline in six months, as strong U.S. factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal's rally.
Stocks rose on Monday on strong earnings and signs of a strengthening economic recovery, although a surge in the price of oil highlighted the increased political risk in the Middle East.
Stocks rose on Monday on healthy earnings and signs of a strengthening economy, even as a surge in the price of oil highlighted the potential for increased political risk in the Middle East to upset markets.
Factory activity in the U.S. Midwest hit a 22-1/2 year high in January as orders surged and employment prospects brightened, providing a fresh signal that the economy would stay on a solid growth path this year.
Exxon, IBM, Alcoa lead strong day for U.S. stocks
Reports are emerging that a Google executive has gone missing in Egypt.
The unrest rolling across in the Middle East will likely not spare Morocco, said a relative of King Mohammed VI in an interview published Monday.
Egypt is becoming a test case for the Internet going dark, with only one of its main service providers operating. But the lack of communications isn't stopping the protests.
With ongoing turmoil in Egypt, a friendly between the U.S. men's national team and Egypt scheduled for February 9 has been canceled.
Swirling turmoil in Egypt will likely spread to other regions of the world and may impart a negative effect on economic growth and contribute to higher consumer prices, according to Nouriel Roubini, chairman of Roubini Global Economics.
U.S. stocks edged higher on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
