South Africa's rand jumped more than 1.5 percent against the dollar in late trade on Wednesday, helped by an aggressive sell-off in the U.S. currency and better-than-expected local data.
Gold was set for its largest one-day rise in a week, aided by a weaker dollar and Chinese inflation data that soothed some concern over the prospect of rapid rate rises in the world's second-largest bullion consumer.
We believe that the worst is now over for emerging market equities. Moreover, we believe that the resignation of Hosni Mubarak as Egypt’s President will not only
ease tensions in the region but will also restore confidence towards investing in emerging markets again
The United States has incited Brazil and India to criticise China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.
The Brazilian government plans to cut the federal budget by about $30 billion in 2011, which is more than double the budgetary cut last year, said a media report on Thursday.
Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
When competitors shut down payments to WikiLeaks after the controversial website released a slew of sensitive U.S. diplomatic cables, Sharif Alexandre refused to join the boycott. The Egyptian-born entrepreneur and founder of Xipwire - a Philadelphia-based mobile payments startup - stood opposed to PayPal and Amazon and let customers continue making donations via cellphones.
South Africa's rand crept higher against the dollar on Wednesday, partly aided by a firmer price for gold, but remains one of the worst emerging market performers so far this year, as the central bank continues to accumulate foreign reserves.
Toyota vehicles didn't have any electronic flaws that were earlier blamed to have caused sudden acceleration in its vehicles, according to a report from the U.S. Department of Transportation.
Social networking site Facebook on Tuesday opened shop in Hong Kong to expand its presence in Asia notwithstanding its ban in mainland China.
Automaker Toyota Motor Corp. reported a 39 percent fall in its third quarter profit, hurt by slower domestic sales and a strong yen.
Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
Pharma major GlaxoSmithKline Plc posted a quarterly loss hit by a massive charge to settle further litigation related to its diabetes drug Avandia, but the company raised its dividend and said it would resume its share buyback program.
Nokia's widely speculated transition to a new operating system would benefit rival Research In Motion as it provides an opportunity to expand in international markets.
Stocks gained for the second day running on Wednesday with Vodacom (VODJ.J) among the top gainers on upbeat quarterly results while metal prices boosted miners.
Stocks gained for the second day running on Wednesday with Vodacom among the top gainers on upbeat quarterly results while metal prices boosted miners.
Britain's Imperial Tobacco Group Plc said it made a good start to the year with underlying tobacco net revenue up 5 percent and increased cigarette and fine cut tobacco volumes.
The price of Ivory Coast's 2032 $2.3 billion bond dived to a record low on Tuesday after investors said the West African country had defaulted by missing a January 31 coupon payment deadline.
Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
Prime office rents in key Chinese and Brazilian cities will continue their economic growth-fuelled rise in 2011, a survey said, prompting global property investors to chase deals in those emerging markets.
Fundamentals and nasty surprises are on investors minds heading into February, with big tests in the coming week about jobs and inflation and increasing worries over Egypt and its region.
Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.