Euro rose across the board and pulled off 1-1/2-month lows against the US dollar and British pound on Friday on news EU leaders reassured the holders of outstanding bonds that they would not be forced to take losses. The day's gains, however, did not prevent the single currency from heading for weekly losses versus the majors as investors are still worried that Ireland may default on its bonds.
Japan will start free trade talks with the European Union next spring, alarmed by the head start made by its main manufacturing rival in Asia, South Korea, which signed a pact with the European bloc last month.
Toyota Motor Corp plans to market a new electric vehicle based on its iQ ultra-compact car in 2012 in Japan, roughly coinciding with its release the United States, Kyodo news agency reported on Thursday.
Ranbaxy Laboratories Limited (RLL), India's largest pharmaceutical company, said on Thursday its consolidated net profit stood at 3.13 billion rupees ($67 million) for the third quarter ended September 30, 2010, as compared to 1.16 billion rupees ($24 million) in the same period a year earlier.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
The CEO of Vestas, a major supplier of wind turbines, is asking for heads of state to meet for an hour to help come up with methods of weaning the world from fossil fuels.
Tokyo will host the Global Travel & Tourism Summit 2012 under the aegis of the World Travel & Tourism Council (WTTC) even as Japan Tourism Board celebrates its centenary year in 2012.
China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.
Less than half of the Asian companies listed on the Wall Street Journal’s Asia 200 Index have a corporate social media presence, said a new study by Burson-Marsteller, a public relations and communications firm.
In the current economic malaise of high pervasive unemployment and growing uneasiness over immigration, the H-1B visa program (among others) has come under tremendous criticism.
The $3.2 billion merger between United Airlines and Continental Airlines, which creates the world's biggest carrier, could deal a big blow to rival carriers like American Airlines and US Airways as they would find it difficult to match its scale of operation.
Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.
To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.
China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.
The federal government has committed at least $8-billion (and counting) for the development of a nationwide high-speed intercity passenger railway system in almost three-dozen states. Rail advocates have long dreamed of an extensive railway grid that will provide clean, speedy, energy-efficient travel.
Jim Rogers speaks to IBTimes about the Chinese economy, the yuan policy, and the demise of General Motors.
Microsoft cloud computing platform Azure has found support among software giants like Dell, Fujitsu and Hewlett-Packard who are planning to embrace Azure for their data center products.