A Chinese investigation into a detained Australian Rio Tinto Ltd executive and three colleagues has been sent to prosecutors, Australia's foreign office and the mining company said on Monday.
Australia's Qantas Airways Ltd expects an investigation into loss making fuel-hedging in its Vietnamese joint venture airline to run for months after two executives were barred from leaving the country.
Asian stocks hit a 17-month high on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies while the dollar suffered its biggest loss in six weeks after poor U.S. jobs data.
Asian stocks rose to a 17-month high on Monday as a strong rebound in China's exports raised optimism about the region's economic outlook as the dollar suffered following weak U.S. jobs data.
Growth in China's exports and imports last month blew past expectations, providing fresh evidence of the vigor of the economy and strengthening the case for Beijing to let the yuan start climbing again.
Growth in China's exports and imports last month blew past expectations, providing fresh evidence of the vigor of the economy and strengthening the case for Beijing to let the yuan start climbing again.
Growth in China's exports and imports last month blew past expectations, providing fresh evidence of the vigor of the economy and strengthening the case for Beijing to let the yuan start climbing again.
China Investment Corp, a $300 billion wealth fund, may be weighing up a bid for state-owned Chinalco's stake in mining giant Rio Tinto in what would be its boldest move yet into natural resources.
China Investment Corp (CIC), a $300 billion wealth fund, may be weighing up a bid for state-owned Chinalco's stake in mining giant Rio Tinto (RIO.AX) in what would be its boldest move yet into natural resources.
Consumer confidence is strongest in emerging Asia, Brazil and Australia, but weakened slightly in the United States in the fourth quarter as Americans worried about job security, a survey showed on Wednesday.
Asia stocks rose to a 17-month high on Tuesday as growing confidence about the prospects for the global economy drew investors to riskier assets and away from the dollar, which extended its weak start to the year.
Growing confidence about the global economy lifted Asian stocks to a fresh 17-month high on Tuesday as investors continued to be drawn to riskier assets, while the dollar stabilized after a weak start to the year.
Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the region that is leading the global recovery.
EUR/USD opened lower trading in a limited range during the shortened holiday week. The pair made a weekly high on Tuesday trading up to 1.4457 after release of U.S. housing data from S&P/Case-Shiller showed a 0.4% rise to a seasonally-adjusted 145.36 in October. The index was off 7.3% versus October of last year, slightly worse that the market's -7% Y/Y consensus. Also on Tuesday, European Central Bank Governing Council member and Luxembourg Central Bank head Yves Mersch wrote in a New Year's me...
Asia stocks rose on Thursday, racking up a 68 percent gain for the year, as a jump in U.S. consumer confidence reinforced views that the world's largest economy is gradually recovering.
China's steel industry association expects foreign miners to call for a 20-30 percent increase in benchmark iron ore prices in 2010, the official China Securities Journal reported on Wednesday.
Asian share markets fell on Wednesday as year-end trade dwindled, with profit-taking pulling down stocks in Australia and bankruptcy worries about Japan Airlines Corp weighing on the Nikkei, but the dollar rose broadly.
Sumitomo Chemical Corp agreed to buy a $590 million stake in Australian farm chemicals maker Nufarm Ltd on Tuesday, in a surprise deal that knocked out a rival bid from China's Sinochem.
Dutch ING, which is splitting up its bank and insurance arms, will sell its stake in Chinese insurer Antai to China Construction Bank (CCB) as part of its ongoing restructuring programme.
Australian shares rose on Tuesday, helped by gains in oil and metals and by merger activity, but stock markets elsewhere in Asia lagged as year-end activity dwindled and the dollar's rally ran out of steam.
Lehman Brothers Holdings Inc (LEHMQ.PK) has sought bankruptcy court approval to hire Neuberger Berman Fixed Income LLC to help it sell asset-backed securities worth $180 million, court filings show.
Integrys Energy Services Inc, a unit of Integrys Energy Group Inc, said it agreed to sell its wholesale electric marketing and trading business to a unit of Australia's Macquarie Group Ltd.
