Oil jumped above the psychologically-significant $100 level on Wednesday after a coordinated move by central banks to address pressures in global money markets.
Toronto's main stock index was set to open higher on Wednesday, extending gains from the previous session after China unexpectedly cut its bank reserve requirement ratio by 50 basis points, and ahead of Canadian growth data.
European shares extended a rally into a fourth session on Wednesday, with miners reversing earlier losses after resource-hungry China cut the reserve requirement for banks to ease credit strains and bolster its economy.
Australia's foreign minister on Wednesday backed the formation of a security pact with India and the United States, a tie-up that could fuel China's worries of being fenced in by wary neighbors.
China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.
India's economy grew at the slowest pace in more than two years, according to the recent Gross Domestic Product (GDP) numbers which shows the country's economy rose 6.9 percent in the July-September quarter.
Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
China announced a new standard for defining poverty Tuesday as it seeks to bridge the gap between the country's wealthier and poorer classes.
So far, it has been a tough week for the troubled Bank of America Corp. (BAC). The firm's stock hit a new 52-week low Tuesday, dropping more than 3 percent to $5.03 a share, the lowest level since March 12, 2009. After the market closed, more bad news came as Standard & Poor's downgraded the bank's long-term credit rating by a notch to A- from A.
In a speech at St. Anselm College in Manchester, N.H., on Tuesday, Rick Perry seemed to mix up the voting and drinking ages -- not to mention the date of the coming election. It was a slip of the tongue, not a substantive gaffe -- nobody really thinks Perry doesn't know the voting age -- but it was one of many YouTube-worthy moments of the Republican primary race.
Several airlines have cancelled flights in preparation for the Nov. 30 UK strike when Border Agency employees will walk off the job to protest pension reform.
French film and stage actor Alain Delon sold a thousand bottles of his wine collection on Saturday with a big Chinese buyer pushing the auction results well above pre-sale estimates.
China's Ministry of Industry and Information Technology has ordered local governments to shut small gold mines with a daily ore processing capacity of less than 50 tonnes and is working on a plan to consolidate the sector, the Shanghai Securities News said on Tuesday.
Three prospective school teachers have appealed to Chinese Premier Wen Jiabao to end discrimination against people with HIV after they said they were wrongly denied teaching jobs because their employers discovered they had the virus that causes AIDS.
Microsoft Corp and U.S. mobile engineering firm AgreeYa Mobility on Tuesday signed an agreement to allow corporations and other users to connect to Microsoft services from a variety of computing platforms, including phones and tablets running Apple Inc's iOS and Google Inc's Android.
China's decision to donate school buses to Macedonia has been met with strong criticism at home as concerned Chinese citizens noted the country's inferior transport safety record.
U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
At stake is the possible dissolution of the Kyoto Accord, whose commitment period expires in 2012. Japan and Russia announced last year in Cancun they are against any extension or renewal of the accord if big green house gas emitters like the United States and China are excluded.
The Dark Knight Rises may be Christian Bale's final performance as crime-fighting superhero Batman, the actor told the Philippine Daily Inquirer.
Zynga reportedly attempted to buy Rovio, the makers of Angry Birds, for $2.25 billion, but were rejected. Is this a warning sign for Zynga?
Canada dismissed the Kyoto Protocol on climate change on Monday as a thing of the past, but declined to confirm a media report it will formally pull out of the international treaty before the end of this year.
The stark truth of the matter is that unless the private sector starts hiring en masse (including non-profit organizations), absent a surge in exports, it will be up to the public sector to provide stimulus to create jobs.
