IBT Staff Reporter

China's GDP growth will slow down from 11.9% in Q1 to 9% in Q4.Lower productivity growth, adverse demographics and lower returns to capital will reduce future potential GDP growth in China to around 9%. The peak is already evidenced in the data: Industrial production has turned and the growth in power, coal, cement, steel and auto production has slowed down. The circulation of money and credit, a major driver of commodity demand, could slow the economy down further, a Bank of America-Merrill Ly...

Global oil prices remained highly volatile in Asian trade Friday as the euro strengthened against the dollar. Light sweet crude for June delivery was seen trading at $77.61 a barrel at 12.00 noon Singapore time while Brent crude was at $79.95 a barrel at the same time in London. Commodities priced in dollars, such as oil, become more expensive for investors holding euros as the U.S. currency strengthens.

Gold prices eased in Asian trade Friday, after an overnight surge, as investors turned to profit booking. Gold for immediate delivery was seen trading at $ 1206.71 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1,200.40at the same time.

Kraft Foods Inc posted a higher-than-expected quarterly profit as it showed improvement in legacy businesses like beverages in the United States, while absorbing recently acquired chocolate maker Cadbury Plc.

Asian stocks were hammered on Friday as mounting fears over Europe's debt crisis sparked a global market rout that sent safe-haven assets soaring and clobbered sterling.

U.S. nonfarm payrolls likely grew for a second month in April as the government's census hiring picked up and private employment rose modestly, signs a gradual labor market recovery is building.

Nonfarm payrolls likely grew for a second month in April as the government's census hiring picked up and private employment rose modestly, signs a gradual labor market recovery is building.

Stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as a suspected trading glitch and fears of a new credit crunch in Europe threw markets into disarray.

Advanced Micro Devices Inc may make some of its largest inroads into the fast-growing laptop computer market thanks to a new generation of power-efficient chips to be unveiled next week.

Initial public offerings around the world are being canceled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.

A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.

A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.

The top communications regulator sought to calm fears his agency would heavily regulate Internet services, but shares in major cable companies fell and industry insiders predicted a prolonged legal battle.

Thursday's sharp sell-off in U.S. stocks was sparked by nothing more than too many traders betting on energy, equity and metals markets going higher that then popped in a cascade of stop-loss selling, a hedge fund manager said.

The Heart Foundation survey has found that one in 10 heart attack sufferer would delay calling for an ambulance because they worried about the costs.

Queensland Health (QH) says it is concerned that the latest outbreak of dengue fever in far north of Queensland could get worse.

Did anyone really see that coming? Last night's price action in the market has mirrored the beginning of the financial crisis in 2008.

Kraft Foods Inc posted higher-than-expected quarterly sales and profit after its acquisition of chocolate maker Cadbury Plc as sales beat expectations.

After 15 years of study, an internationally renowned ophthalmologist Ian McAllister claimed to have found the first cure for the world debilitating condition central Retinal Vein Occlusion (RVO) through laser treatment.

Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc , sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit.

U.S. communications regulators sought to calm fears they will heavily regulate Internet services, but shares in major U.S. cable companies fell and industry analysts predicted a prolonged legal battle.

As Goldman Sachs prepares for its annual shareholder meeting on Friday, it has more to worry about than anti-corporate gadflies like Evelyn Y Davis.

Citigroup is investigating a rumor that one of its traders entered a trade that helped precipitate a drop of almost 1,000 points in the Dow Jones Industrial Average, a spokesman for the bank said on Thursday.

Kraft Foods Inc posted a higher quarterly profit, helped by sales and income from newly acquired chocolate maker Cadbury Plc.

The biggest intraday point drop ever in the Dow Jones Industrial Average may have been caused by an erroneous trade entered by a person at a big Wall Street bank, multiple market sources said on Thursday.

Most top retail chains reported weaker-than-expected April same-store sales on Thursday, suggesting that Wall Street's hopes for a consumer rebound have gotten ahead of the actual pace of recovery.

Disappointing Retail Sales data saw the AUD move lower in Asia yesterday falling from 0.9090 to enter offshore exchange hovering on the precipice of the psychological 90 cent level.

Three big private equity firms are in talks to buy Fidelity National Information Services Inc , sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit.

Frank Stronach, the colorful founder of Magna International Inc, will release his grip on the world's No. 3 auto parts maker in a deal that will pay him nearly $900 million and encourage outside investment in the company.