Asian shares inched back toward recent two-month highs on Tuesday as recovering commodity prices boosted shares of resource firms and as tech stocks drew support from gains in their U.S. peers.
Asian shares rose on Tuesday and edged back toward a two-month peak hit last week, supported by investor expectations of an ongoing recovery in the world economy, and as tech stocks drew support from gains in U.S. peers.
The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate.
The euro dropped on Thursday on a report that Greece is not hopeful of aid from the European Union, while Asian stocks hovered near a two-month high, supported by solid growth expectations for the region.
A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy.
A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy.
China faces important negotiations over its exchange rate in coming weeks, the U.S. ambassador to China said on Thursday, adding that it was not just the United States that wanted action on the Chinese yuan.
China on Wednesday rejected criticism of its exchange rate policies and said it was being made a scapegoat after the U.S. Congress threatened to slap duties on Chinese goods unless it revalues its yuan.
China said on Wednesday it could not be any clearer in its repeated commitment to a stable exchange rate after the U.S. Congress threatened to levy duties on some Chinese exports if it fails to revalue its currency.
Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
International calls for China to allow its yuan currency to appreciate take no account of the importance of the country's stability for the region and for the world, a U.N. agency report said on Tuesday.
China on Tuesday shunned mounting U.S. demands for a stronger yuan, saying again that its currency is not the cause of its big trade surplus and vowing to keep the currency stable to shore up exports.
President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
The euro fell against the dollar on Monday, weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.
Japan Post Bank bought about 300 billion yen ($3.3 billion) in U.S. Treasuries in the October-December quarter, the first time the bank bought U.S. Treasuries since the start of its privatization process in October 2007, the Nikkei business daily said on Monday.
Chinese Premier Wen Jiabao on Sunday spurned foreign calls for the yuan to rise and showed no let up in scolding the United States over recent bilateral tensions.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful and even a form of trade protectionism, vowing that Beijing would stick to its own course for currency reform.
Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful, vowing that Beijing would stick to its own course for currency reform while also warning of global economic risks.
Fertilizer maker CF Industries Holdings Inc on Friday said it will buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra.
Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.
Norway's Yara International said on Friday it would not raise its offer for Terra Industries to match or exceed a rival bid from CF Industries Holdings Inc .
Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
Any speculation that China might stop supporting the dollar in the next few years is absolute nonsense, a top state banker said.
Pork producers attending their annual meeting here are looking for China to be the next major market to open fully to U.S. pork following word this week that certificate problems with Russia have been solved and exports could start soon to that country.
Asian shares surged on Friday after encouraging U.S. retail sales and jobs data suggested Asia's biggest export market was stabilizing, while the euro remained on the defensive amid the Greece debt crisis.
Global carmakers exporting from the euro zone ought to benefit from newfound weakness in the currency but auto executives at the Geneva Autoshow agree the 10-percent drop over the last three months is hard to handle.
About a year ago, Muqtar Ali's brother was shot dead by gunmen in the busy Bakara market of Somalia's capital Mogadishu, and his $200 in cash was stolen.
Guarded optimism surrounds expectations for a 2012 recovery in the U.S. steel industry, as much will depend on how firm the recoveries are in the construction and automotive sectors of the economy.
Tyson Foods Inc , the biggest U.S. meat producer, said on Monday it had reduced the amount of chicken it exports to Russia to about 10 percent of its total chicken exports from 26 percent four years ago as the company works to find other markets for the product.
