The euro rose on Thursday ahead of a key EU summit that could lay the groundwork for a rescue of debt-stricken Greece, while Asian stocks gained for a third day, powered by strong economic data from Australia and China.
Asian stocks rose for the third day in a row on Thursday, powered by strong economic data from Australia and China, while the euro steadied ahead of a key summit that could lay out a rescue plan for debt-stricken Greece.
Citigroup Inc said on Wednesday it has named Stuart Staley to replace the retiring head of global commodities, which the third largest U.S. bank aims to expand by 30 to 40 percent over the next three years.
Asian shares broadly rose on Tuesday, led by Taiwan and South Korea, and the euro staged a small rebound from its recent drubbing, but Japan and Australia fell as investor sentiment remained weak on euro zone fiscal concerns.
Asian share markets struggled to hold firmer ground on Tuesday but won some respite from recent losses, while the euro rose tentatively as investors took a break from selling it off over fiscal concerns in the euro zone.
Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.
The euro zone's top finance officials sought on Saturday to calm concerns about a deep budget crisis that has roiled financial markets and raised questions about the future of the single currency group.
Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.
U.S. meat producer Tyson Foods Inc reported a higher-than-expected first-quarter profit and predicted even better profit margins for its chicken business.
Asian stocks fell to five-month lows on Friday as investors dumped riskier assets after growing sovereign debt problems in the euro zone and rising U.S. jobless claims sparked jitters about the global economic recovery.
Asian stocks fell to near five-month lows on Friday as investors dumped riskier assets after rising sovereign debt problems in the euro zone and poor jobs data sent U.S. and European stocks tumbling.
Global miner Rio Tinto hired Ian Bauert, a fluent Mandarin speaker, to head its China business on Friday in an effort to improve relations with its largest customer after the arrest of a top executive there.
Asian stocks fell to near five-month lows on Friday as investors dumped riskier assets after rising sovereign debt problems in the euro zone and poor jobs data sent U.S. and European stocks tumbling.
Concerns that food makers would overdo price cuts to lure cautious consumers weighed on Kellogg Co and Sara Lee , even though both forecast better-than-expected 2010 earnings.
Lingering concerns about the global economy and a host of negative local factors pushed Asian stocks lower on Thursday, with Toyota hitting a 10-month low on investor concerns over its massive vehicle recall.
Asian shares powered ahead on Wednesday with energy and resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on upbeat U.S. earnings and economic data.
Chocolate maker Hershey Co defended its decision to back away from a Cadbury bid and a bigger stake in the global confectionery market, saying it remained confident about its growth prospects and was raising its dividend.
Resource stocks lifted Asian shares off three-month lows on Tuesday after strong U.S. manufacturing data raised hopes the global economic recovery was on a firmer footing.
Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week.
Trade ministers expressed gloom on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging.
Trade ministers were skeptical on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with some blaming the United States for foot-dragging.
Asian stocks slid on Tuesday, with Taiwan suffering its worst one-day fall in six months, as fears mounted that China could impose further measures to curb soaring loan growth, potentially dampening a global recovery.
The euro fell to a five-month low against the dollar on Wednesday as investors seized on Greece's fiscal woes to drive the currency below key support, while shares in China were hit by reports of bank lending restrictions.
The euro slumped to four-month lows on Wednesday as the loss of a crucial support level triggered a wave of selling from investors afraid the single currency was embarking on a sustained slump.
Kraft Foods sealed a friendly deal to buy British candy maker Cadbury for about $19.6 billion (11.9 billion pounds) after frantic last-minute talks broke an impasse over price.
Kraft Foods was close to announcing a recommended deal to buy Cadbury for around 11.7 billion pounds ($19.2 billion) after it offered more cash in late-night talks to break a four-month impasse over price.
Cadbury shares edged upwards on Monday in anticipation of a higher bid from Kraft Foods, while one major shareholder, Standard Life, said Kraft needed to bid over 900 pence to get its support.
Shares in Cadbury Plc pushed higher on Monday in anticipation of a higher bid from Kraft Foods , which is expected to sweeten its original takeover offer before the January 19 deadline.
Brazilian mining giant Vale said on Friday it plans to expand its fertilizer business with a $3.8 billion takeover of Bunge assets in the country, making its largest bet so far on a surge in demand for potash as global food consumption grows.
The S&P 500 index rose 0.24% on Thursday to close at 1,148.46 points while the Dow Jones Industrial Average was up 0.28%, to end at 10,710.55.
