The U.S. International Trade Commission said on Friday it has agreed to investigate Apple Inc's patent infringement complaint against Nokia Oyj, as the legal battle between the two technology heavyweights continues to play out.
The Bank of Japan may need to do more on the monetary policy front to stop deflation, the Nikkei daily quoted Japan's Finance Minister Naoto Kan as saying, keeping pressure on the BOJ to help support a fragile economic recovery.
The U.S. dollar rose to a six-month high against the euro on Thursday, on signs the Federal Reserve is more confident about a recovery, while Asian equities were on track to snap a nine-day losing streak. U.S. stock futures rose during Asian session after U.S. President Barack Obama in an address to Congress had a more moderate tone on restrictions toward U.S. banks.
The yen hit a nine-month high against the euro on Tuesday, rallying after a Japanese Finance Ministry official pledged fiscal discipline after ratings agency S&P downgraded its outlook on the country's sovereign rating.
The yen held broadly steady on Tuesday, hovering below a nine-month peak struck against the euro last week and taking a breather from a rally triggered by the onset of risk reduction. The yen surged last week as investors dumped higher-yielding currencies and risky assets on concerns that China's efforts to curb its surging economy could impair global growth and worries over a White House plan to curb risk-taking among banks.
The euro fell broadly on Wednesday, hitting a four-month low against the dollar on concern about Greece's fiscal problems and breaking below a key chart level that could signal a bearish trend for the currency.
The world's top mobile phone maker Nokia said on Monday Britain's High Court had ruled in its favor in a patent dispute with IPCom, and it would now seek to recoup legal costs of the case from the German firm.
Finding a winner in the legal battle between Nokia and Apple will likely take years as the two cellphone giants use the courts to pressure each other into a licensing agreement.
The dollar dipped against the yen on Friday after Japanese Finance Minister Naoto Kan said markets should decide exchange rates.
Indicted Galleon hedge fund founder Raj Rajaratnam faces expanded charges of insider trading and allegations that he earned $36 million in illicit profits, double the amount previously alleged, U.S. prosecutors said on Tuesday.
Indicted Galleon hedge fund founder Raj Rajaratnam faces expanded charges of insider trading and allegations that he earned $36 million in illicit profits, double the amount previously alleged, U.S. prosecutors said on Tuesday.
Google unveiled the Nexus One smartphone on Tuesday and showed off its many features during a press event, and unveiled its new Web store which will sell the device directly to customers. The Google Nexus comes unlocked to consumers who wish to purchase it online for $529, or $179 with a two-year contract from T-Mobile.
Nokia launched another patent case against Apple, in the latest step in an escalating legal battle between two leaders of the smartphone market.
The dollar edged down from a four-month high against the yen but held firm against other majors on Monday, the first trading day of 2010, as investors focus on U.S. data this week that could add to optimism about the economy. Investors are set to take cues from the U.S. December employment report on Friday as well as figures from the manufacturing and service sectors.
The United States will more than double its security assistance for Yemen and Britain will host an international meeting this month to seek ways of preventing the poorest Arab state from becoming an al Qaeda stronghold.
Nokia's latest patent strike against Apple underscores the changing dynamics of the cell phone market, with the sector leader no longer holding the whip hand over rivals in terms of product development
Google Inc. has announced an Android related press conference for January 5, where the company is rumored to officially unveil its Google Phone
Asian stocks, oil and most metals rose on Friday after a slew of Chinese data showed the world's third-largest economy is on a brisk recovery path, while the yen dipped against the dollar.
What happens next in the long-running U.S. drama over limiting greenhouse emissions could come down to a duel over whether rules or laws should dominate the policy landscape.
The dollar jumped against major currencies on Friday after data showed the United States lost far fewer jobs than expected last month, bolstering hopes the economy is on a stable path to recovery.
The euro is on the strong side against the dollar and could strengthen more because of carry trades and speculative play on its possible further rise, IMF European head Marek Belka said on Wednesday.
Heliocentris Fuel Cells, a German expert for clean energy storage, sees higher sales next year as it hopes to benefit from support programmes around the world, its chief financial officer told Reuters.
