Asian shares pushed up for a second day on Wednesday, with Taiwan's benchmark index nearing a 16-month high, as growing confidence in a strengthening global recovery boosted resource and financial companies.
Asian shares pushed up for a second day on Wednesday, climbing back near a 13-month peak, as gold's surge to record highs and the dollar's tumble boosted resource shares.
Gold held below its record high in early Asian trade on Wednesday, but could be set for another spike up as the U.S. dollar continues to struggle and inflation concerns grow, analysts said.
Gold surged to a record high above $1,040 per ounce on Tuesday, as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation.
Gold surged to a record high above $1,040 per ounce on Tuesday, with buying fueled by dollar weakness after a report, later denied, that Gulf Arab states were considering abandoning the U.S. currency for oil trade.
South Korean and Indian shares fell on Tuesday after Australia's interest rate hike showed that stronger Asian economies were starting to reverse emergency stimulus policies, hitting markets seen as likely to lift rates.
The dollar skidded against the euro and the yen on Tuesday after a British newspaper reported that Arab states were in talks to end using the dollar for oil trading, but Asian shares rose as U.S. services sector data lifted investors' mood.
Caterpillar Inc , the world's largest maker of earth-moving equipment, said on Monday it plans to raise prices on most of its machinery up to 2 percent next year.
The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
The head of Toyota Motor Corp on Friday called the current dollar-yen rate very tough, saying the weak U.S. currency made it difficult to return to profit on an unconsolidated level.
The head of Toyota Motor Corp on Friday called the current dollar-yen rate very tough, saying the weak U.S. currency made it difficult to return to profit on an unconsolidated level.
Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked profits on higher-yielding currencies.
U.S. stocks fell further on Thursday as data showed the manufacturing sector grew in September at a slower pace than anticipated and weighed on investor sentiment.
Asian shares fell on Thursday after negative news on U.S. jobs and manufacturing pointed to a patchy recovery in the world's largest economy, and as dollar weakness sparked concerns for exporters around the region.
Asian shares fell on Thursday after a surprise drop in manufacturing in the U.S. heartland cast doubts on the strength of a global recovery, while the dollar was on the back foot against higher-yielding currencies.
Asian shares edged higher on Wednesday looking past a surprise fall in U.S. consumer confidence and the Australian dollar jumped to a 13-month high after August retail sales data beat forecasts.
Asian shares edged higher on Wednesday looking past a surprise fall in U.S. consumer confidence and the Australian dollar jumped to a 13-month high after August retail sales data beat forecasts.
Coca-Cola Co and its largest independent bottler, Coca-Cola Enterprises Inc, are mounting a campaign against a possible U.S. tax on soft drinks.
Asian shares rose on Tuesday as news of several multi-billion dollar takeover bids overseas boosted confidence in a global economic recovery, while the yen slid after Tokyo hinted currency intervention could be an option in some cases.
Asian shares rose on Tuesday, as news of several multi-billion dollar takeover bids overseas boosted confidence in global economic recovery, while the yen dipped after Tokyo refused to rule out currency intervention.
The world's two largest diversified healthcare companies struck deals on Monday that will propel them into vaccines, a red-hot area for investors because of the pandemic flu threat and potential high profits for preventing other diseases.
U.S. healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday, aimed at securing vaccines and other products key to future growth.
U.S. healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday aimed at securing vaccines and other products key to future growth.
Just like the government's cash for clunkers program, investors are ready to cash in junk stock holdings for sounder equities, analysts say.
U.S. healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday aimed at securing vaccines and other products key to future growth.
Belgian drugs, chemicals and plastics maker Solvay said on Monday it would sell its drugs unit to U.S. partner Abbott Laboratories for 4.5 billion euros ($6.5 billion) in cash and reinvest in chemicals and plastics.
The yen surged to an eight-month high against the dollar on Monday as Japanese officials waved off any plans to stem the currency's rise, driving the Nikkei down more than 2 percent and sparking a broad retreat in risky assets.
World Bank President Robert Zoellick said the United States should not take the dollar's status as the world's key reserve currency for granted because other options are emerging.
