Stock index futures rose on Wednesday, recovering from a sell-off in the previous session as investors awaited monthly data on pending home and auto sales.
Honda Motor said a key car parts factory in south China resumed full production on Wednesday, ending more than two weeks of disruption after workers downed tools to demand higher wages in a high-profile and sometimes violent strike.
Agricultural Bank of China may struggle to get the kind of valuation it wants as it gears up to launch the world's biggest IPO into a market that has slumped by a fifth in just six weeks.
Tanzania is all set to build a new oil refinery and a 1,500-kilometres pipeline to bring oil to its interiors, according to country's Energy and Minerals ministry. The ministry said, the $3.5 million project will be carried out by Noor Oil & Industrial Technologies (NOIT), a US based multinational oil firm will give the region a steady, uninterrupted supply of refined products.
The euro rose on Wednesday after some of the world's biggest central banks said they would not stop investing in the single currency, while world equities and commodity prices fell.
UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG's Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced.
Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.
British insurer Prudential plc is withdrawing from a $35.5 billion deal to buy American International Group Inc's Asian life insurance business AIA, paving the way for a potential listing of AIA.
Singapore Mercantile Exchange, a leading Asian multi-product commodity derivatives exchange, has announced that it will commence trading of the West Texas Intermediate (WTI) light sweet crude oil futures contract on its state-of-the-art electronic trading platform when it goes live in August this year.
World oil prices extended overnight losses in Asian trade Wednesday as the dollar moved up amid weak market trends. Light sweet crude for July delivery was seen trading at $72.04 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.27 a barrel in London. Analysts said after the long holiday weekend, the market was focused on economic storm clouds in the Euro zone and China.
The euro edged up on Wednesday after hitting a four-year low against the dollar on jitters over the euro zone's debt crisis, while Asian stocks were broadly steady despite a dip on Wall Street.
Prudential Plc's bid for AIG's Asian life insurance unit was close to collapse on Tuesday after the two failed to negotiate a price cut, raising questions about the future of the British insurer and its chief executive.
(Reuters) - Americans inhale more cancer-causing agents with their cigarettes, probably because of the tobacco blend, while smokers in Canada, Britain and Australia get less, U.S. researchers reported on Tuesday.
The Australian Dollar has opened lower this morning, continuing on from yesterday's weakness, which saw the AUD trade below 0.8400.
An Australian study has shown women who drink at least four cups of tea per day have a reduced risk of ovarian cancer.
Not much of anything worked for investors in May, including those known to be the savviest of the bunch.
Summers are filled with ice cream and picnics, swimming pools and festivals, and this year the festivals are bigger and more spectacular than ever before.
Canada has launched a probe into Google Inc as legal problems escalate surrounding the search engine's disclosure that it collected private data while taking photographs for its Street View product.
Four of five U.S. broadband users are unaware of the speed of their connections, the Federal Communications Commission said on Tuesday.
Four of five U.S. broadband users are unaware of the speed of their connections, the Federal Communications Commission said on Tuesday.
Citigroup Inc's CitiFinancial unit will shut 330 of its U.S. branches and cut between 500 and 600 jobs, in an effort to cut costs at the business and make it more attractive to potential buyers.
Stocks fell on Tuesday as energy shares slid after the latest failed attempt to halt the oil spill in the Gulf of Mexico and the U.S. government announced a criminal probe into the disaster.
