Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday.
Canada's main stock index looked set to open higher on Wednesday after reports that International Monetary Fund could boost its European lending facility by $1 trillion to help ease the euro zone debt crisis.
The euro rallied broadly on Wednesday after a ratings agency appeared to soften its stance regarding its outlook on Italy, while a media report that the IMF would boost its funding capabilities also pushed the single currency higher.
Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
The companies that are expected to see active trade on Wednesday are: Goldman Sachs Group, eBay, U.S. Bancorp, Bank of New York Mellon, Charles Schwab Corp, State Street Corp, F5 Networks, Xilinx, Amphenol and Fastenal Co.
The top aftermarket NYSE gainers on Tuesday were: Overseas Shipholding Group, Bank of New York Mellon, Heckmann Corp, Hovnanian Enterprises, Analog Devices, Barnes & Noble, Nexen, Fairchild Semiconductor International, Louisiana-Pacific Corp and Boyd Gaming Corp.
The top aftermarket NYSE losers on Tuesday were: Tata Motors, BancorpSouth, Targa Resources Partners, POSCO, Computer Sciences, Generac Holdlings, SunCoke Energy, Morgan Stanley, Enerplus Corp and Alliance Data Systems Corp.
Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
When the Bank of New York Mellon (NYSE:BK) reports its quarterly earnings Wednesday morning, the results will be a reflection of an institution at a crossroads. BNY, an industry player widely known for its dominance in the sleepy turf of trust banking, is trying to muscle its way into the more aggressive corners of Wall Street trading. Earnings could show what it's like when a bank occupies the worst of both those worlds of finance.
Hyundai said Tuesday that it was proud to rank highest among automotive brands in the J.D. Power and Associates 2012 Consumer Retention Study, attributing the honor to an expanding model lineup and better perceptions of Hyundai's quality and appeal across the board in recent years.
As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.
DETROIT -- Three years ago at the North American International Auto Show, Nissan North America vice president Al Castignetti watched as most companies dismissed perhaps Nissan's biggest risk -- its electric concept vehicle, the Nissan Leaf.
Stocks advanced on Tuesday but sharply pared gains late in the session after Citigroup's steep drop in profit gave investors a reason to unload bank shares.
The average age of U.S. vehicles rose to a record high in 2011, but an automotive analysis firm expects that to decline in the coming years as new sales climb and consumers gain confidence in a recovering economy.
European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
If their prospects continue to meet the projections its executives have set so far, 2012 will be a sterling year for Fortuna Silver Mines (NYSE:FSM), a Canada-based silver mining venture that currently operates two mines in Latin America.
Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.
Toronto's main stock index was slightly lower on Tuesday as losses from gold miners offset the impact of an early surge in commodity prices that were boosted by solid economic data from China and Germany.
The government will avoid bringing down an austerity budget this year, because of tough economic times globally, Finance Minister Jim Flaherty said on Monday.
The Bank of Canada held its key policy rate at 1 percent on Tuesday, but forecast a faster Canadian recovery than expected despite an increasingly worrying outlook for the global economy.
A handful of technology leaders – IBM, Intel, Microsoft, Google and Apple – are all scheduled to report quarterly earnings over the next week. Here are five things to watch when the numbers come out because they may indicate prospects for 2012.
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
German Investor confidence rose sharply in January as cheap, long-term loans provided by the European Central Bank soothed the financial markets, suggesting that the economy is stabilizing.
China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
Credit rating agency says decision inevitable following cuts to creditworthiness of two EFSF guarantors, France and Austria.
The IBT 1000 List of the fastest-growing public companies in the world -- which debuts today for what its editors hope will be yearly issuance -- is a reflection of the engines driving the world's economic growth.
The top six fastest growing real estate companies mirrored the state of development around the world. As the U.S. and Europe languish, recovering from a glut of pre-recession overdevelopment, Asia, India and the Middle East have seen a construction boom
China's economy grew at its weakest pace in 2- years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.
Asian shares inched higher and the euro stayed above a 17-month trough Tuesday as investors focused on economic data from China to gauge the impact of the eurozone debt crisis on global growth.
