With China’s economy slowing down as a result of weakness of investment and export demand, market participants are calling for urgent policy easing measures to bolster economic growth.
Asian markets were mixed in the week as investors maintained a cautious mode waiting to find if the debt crisis in the euro zone, which is weakening the global economic growth, will undermine the stimulus measures announced by policy makers around the world.
Take a look at how postal services are doing in other countries while you count down the hours to the second default of the U.S. Postal Service.
The world's third-largest brewery won a bid to acquire Asia Pacific Breweries Ltd.
Russian President Vladimir Putin shared his love of animals by giving a terrier puppy to Venezuelan President Hugo Chavez as a diplomatic present.
Results from a "stress test" of the beleaguered Spanish banking system gave markets a breather Friday. Still, risks abound.
The great apes of Africa face a dire future as human activities have sharply reduced their available habitat.
The Ryugyong Hotel in Pyongyang was conceived of by the government as a symbol of the isolationist nation’s wealth.
French President Francois Hollande wants to impose a 75 percent income tax rate on France's wealthiest, making even Sweden look like a bargain.
Indian stocks soar to a 14-month high after the government stunned markets in mid-September with a slew of aggressive steps to revive the economy.
Where to get a free cup of coffee on National Coffee Day.
U.S. consumer sentiment rose to its highest level in four months in September as Americans saw better prospects for the job market and economy, a survey released on Friday showed.
The euro zone's largest and strongest economy, Germany, is showing signs of weakness as exports fall.
A three-year-old lawsuit over Bank of America's purchase of Merrill Lynch will be settled by Bank of America paying $2.43 billion.
Bank of America (BAC.N) said it will pay $2.43 billion to settle a class action lawsuit with investors who held its securities at the time the company announced plans to acquire Merrill Lynch.
Conservatives call Spain's new budget one for "crisis," while opposition Socialists deride it as one for a "depression."
The proposed 75% top tax rate, up from 48%, will affect approximately 30,000 French citizens, or just 0.46% of the population.
U.S. coffee chain Starbucks Corp (Nasdaq:SBUX) will launch its first coffee shop in India by the end of October with Tata Global Beverages, John Culver, president, China and Asia Pacific, said Friday.
Research In Motion Ltd, Zynga, Facebook, Weatherford International, SAP, Arcelormitta, ADTRAN and Bank of America Corp. are among the companies whose shares are moving in pre-market trading Friday.
Spelling more trouble for the debt-laden Indian private air carrier Kingfisher, a consortium of its lenders Friday rejected the company’s Rs. 2 billion working loan request. The company’s shares plummeted over 5 percent in the Bombay Stock Exchange following the reports.
China's three decades of miraculous GDP growth is over because the recent slowdown is largely structural in nature.
The U.S. stock index futures point to a slightly higher open Friday ahead of the personal income and spending data for August to be released by the Commerce Department.
Asian stock markets mostly advanced Friday as investors welcomed Spain's new budget plan, which includes more spending cuts and tax increases.
European markets rose Friday as investors were hopeful that France would follow Spain to announce budget cuts to reduce deficit and help control the debt pressure faced by the euro zone.
Five people including the gunman were killed and four others injured after a man opened fire at a Minneapolis business house Thursday evening, police said.
The top after-market Nasdaq gainers Thursday were Research in Motion Limited, The Wet Seal Inc, Horizon Pharma Inc, OraSure Technologies Inc and BGC Partners Inc.
The top after-market Nasdaq losers were EMCORE Corporation, Regeneron Pharmaceuticals Inc, Limelight Networks Inc, Cypress Semiconductor Corporation and Life Partners Holdings.
The top after-market NYSE gainers Thursday were Capital Trust, AZZ Inc, Accenture Plc, Knight Capital Group and Sealy Corp. The top after-market NYSE losers were Brookdale Senior Living, Nuveen Floating Rate Income Fund, Toro Co, Nike, Inc and EnergySolutions.
Most of the Asian markets rose Friday as investor confidence was lifted after Spain announced budget cuts to control the rising debt pressure affecting the country’s economy.
Earlier in the week, it was widely reported that 2013 would bring a “bacon shortage,” as rising pork prices would eventually drive up demand for bacon to the point where it would be almost impossible to find. However, even after falling for the story themselves, NBC News is reporting that the bacon shortage is hogwash.
Asian shares rose Friday on hopes that economic reform and budget plans unveiled by Spain will help it manage its debt imbalances and avoid a euro zone bailout.
