Manufacturing in China, India and Russia powered ahead in August while growth slowed in European factories, emphasising a growing divide in the pace of recovery between the rich and emerging worlds.
Wall Street was set for a higher open on Wednesday as new signs of growth in China and Australia eased concerns about the global economy's health and investors shrugged off an unexpected cut in U.S. private sector payrolls.
World stocks kicked off September on a stronger note on Wednesday as data showed a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen held near recent 15-year peaks against the dollar.
Stock index futures trimmed gains slightly on Wednesday after data showed private employers unexpectedly cut 10,000 jobs in August.
Stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy's health and investors awaited data on the labor market and housing.
Stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy and investors awaited data on the labor market and housing.
Australian Prime Minister Julia Gillard forged an alliance with the Greens party on Wednesday to take her party closer to forming a government, but vowed not to allow the deal to change her plans for a tax on miners' profits.
Asian stocks rose on Wednesday as investors cheered a manufacturing rebound in China and rosier-than-expected Australian growth, which halted the yen's advance toward a 15-year peak against the dollar.
Asian stocks rose on Wednesday as investors cheered a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen inched up towards a 15-year peak against the dollar.
China's manufacturing sector regained some momentum in August while India and Russia continued to power ahead, cheering investors in the face of signs that sputtering U.S. recovery was cooling global demand.
Australian Prime Minister Julia Gillard on Tuesday claimed her Labor Party was best placed to run a stable minority government after the election dead heat, warning of political gridlock if a consensus is not found.
Pakistan will not suspend any players being investigated for alleged corruption without proof of wrongdoing, Pakistan Cricket Board chairman Ijaz Butt says.
Pakistan could release any players under investigation for alleged corruption from their squad for the one-day series against England, a source in the team told Reuters.
Canada's Agrium Inc said it would be interested in Potash Corp's nitrogen and phosphates business, worth an estimated $12 billion (7.7 billion pounds), if miner BHP Billiton secures its $39 billion Potash takeover and decides to sell the assets.
Pakistan endured the worst day in their turbulent cricket history on Sunday when a corruption scandal erupting overnight was succeeded by their heaviest test defeat.
Pakistan intend to complete their England cricket tour despite a police investigation into corruption allegations involving the fourth test which concluded at Lord's on Sunday.
Australia's opposition leader denied on Friday he was manoeuvring to force the country back to the ballot box after a weekend election delivered a hung parliament, with independents holding the balance of power.
Boeing Co said on Friday it now expects delivery of the first 787 Dreamliner in the middle of the first quarter 2011, owing to a delay in engine availability.
Australia, one of the world's largest wheat exporters, said its exports to China have already tripled this year. According to Australian Wheat Board (AWB), demand from the world's most populous nation in the nine months ended June 30 totalled 740,000 tonnes, of which 80 per cent was in bulk and 20 per cent in containers, or about 7 per cent of total wheat shipments.
International Grain Council on Thursday further slashed global wheat output estimate for 2010-11 by 7 m tones to 644m tones. In its latest report, the IGC however said wheat consumption will hit a record despite soaring prices because of a dearth of alternatives in Russia.
Boeing Co has pushed back delivery of its first 787 Dreamliner by several weeks due to a delay in the availability of a Rolls-Royce engine which is needed for the final phases of flight testing.
Australians are betting that a minority government expected to be formed in the next few weeks will not last a full term and fresh elections will be called in 2011, an online bookmaker said on Friday.
