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Oil above $124 as weak dollar supports

Brent crude oil edged above $124 a barrel Wednesday as support from a weaker dollar, ahead of a Federal Reserve statement expected to maintain loose monetary policy, countered rising U.S. inventories.

Gaddafi envoys in Venezuela for peace talks: Chavez

The President of Venezuela Hugo Chavez said he is meeting with a delegation of Libyan officials in Caracas to seek ways to resolve the crisis in the North African country.

Ericsson Q1 profit surges on mobile broadband demand

Telecoms gear maker Ericsson blasted past first-quarter core profit expectations thanks to surging mobile broadband sales and hopes to resolve Japan quake supply problems later this year.

Dollar near 3-year lows on Fed view, stocks rise

The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision, which is expected to reinforce an ultra-easy policy stance and drive more capital to buoyant emerging Asian stock markets.

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China growth seen resilient but inflation stubborn

China's economy may grow by 9.6 percent in the second quarter of 2011, a government think tank said in a report on Wednesday, keeping pace with first quarter growth.

U.S. buyout dominance will end: Carlyle's Rubenstein

America's global dominance of the private equity industry will likely remain for only a handful more years, as other geographies grow stronger and rival firms around the world flex their muscles, Carlyle Group co-founder David Rubenstein predicted on Tuesday.

Ericsson set to gain from tech gear rebound

First quarter results from Ericsson look set to benefit from a recovery in the global network gear market that could help soften any impact on its supply chain from the earthquake in Japan.

Why Inflation is Coming to America

Inflation is coming to America because the Federal Reserve keeps printing money and has left interest rates at 0.25 percent since December 2008.

U.S. slow growth raises protectionist threat: economist

Persistently high unemployment and a weak economic recovery could persuade U.S. policymakers to slap protectionist duties on imports from China and around the world, an economist said on Tuesday.

Fed seen signaling no rush for the exit

The Federal Reserve kicked off a two-day meeting on Tuesday that will probably show that it is in no hurry to scale back its massive support for the economic recovery.

Wal-Mart CEO seeing progress in the U.S. business

Wal-Mart Stores Inc is making progress bringing items and shoppers back to its U.S. stores, and turning around U.S. sales remains its top priority, President and Chief Executive Mike Duke said on Tuesday.

China Internet market should not be treated differently: Exec

China's massive Internet market should not be singled out and treated differently from other Internet markets in the world, a Google China executive said on Tuesday.

Coach profit rises but says Japan will hurt

Coach Inc reported a higher-than-expected quarterly profit as sales at its North American stores soared, but the upscale handbag maker warned that the disasters in Japan would dent results.

China, India lift 3M profit above expectations

Industrial and consumer goods conglomerate 3M Co reported higher-than-expected quarterly profit on Tuesday, helped by sales to emerging markets, and raised its full-year profit forecast.

Deckers Outdoor Late Start to Spring May Provide Lift to Q1: Analyst

RBC Capital Markets said Deckers Outdoor Corp.'s (NASDAQ: DECK) late start to spring may provide a lift to first quarter. The company is scheduled to report its first quarter earnings on April 28.

Italy and France propose Libyan oil boycott

Italy and France have called on the international community to cease shipping oil products to the regime of Libyan leader Moammar Gaddafi and also asked market operators not to purchase Libyan crude oil.

China raises bar for polluters in restructuring plan

China's top economic planning agency on Tuesday published a detailed list of industries that it would encourage, restrict or ban, a blueprint that could have a far-reaching impact on investment activity in China over the coming years.

China publishes detailed plan to adjust industry structure

China's economic planning agency on Tuesday published a detailed list of industries that it would encourage, restrict or ban, a blueprint that could have a far-reaching impact on investment activity China over the coming years.

China raises capital requirement for top five banks: report

China has increased capital requirements for its five biggest banks above the minimum 11.5 percent mark to guard against risks in the banking sector, Bloomberg reported on Tuesday.

Barrick Gold awaits Minmetals response in Equinox battle

Barrick Gold Corp has not ruled out raising its C$7.3 billion ($7.68 billion) bid for Equinox Minerals , saying it will take a wait and see approach if China's Minmetals Resources <1208.HK> fights back with a higher offer.

Barrick Gold to wait and see if higher bid for Equinox emerges

Canada's Barrick Gold Corp will wait and see if an offer to trump its C$7.3 billion ($7.68 billion) bid for Equinox Minerals emerges, Barrick's chief executive said on Tuesday.

GM minivan gone in U.S., but still thrives in China

General Motors Co killed its minivan in the U.S. market thanks to its soccer-mom stigma, but the automaker has carved out a high-priced niche for the vehicle as a chauffeur-driven executive ride in China.

The People's Republic of China flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in Washington

Why the IMF's Projection about China Can't be Trusted

The IMF recently projected that China's economy will overtake the US economy by 2016. This projection, however, can't be trusted at all.

Ford idles plants in Taiwan, China and South Africa

The Ford Motor Co will idle plants in Taiwan, China and South Africa beginning this week due to the shortage of parts from Japan after the March 11 earthquake and tsunami, the company said on Monday.

Barrick's $7.68 billion Equinox bid tops Minmetals

Barrick Gold Corp has agreed to buy Equinox Minerals for about C$7.3 billion ($7.68 billion), topping a bid from China's Minmetals Resources <1208.HK> in a big bet on soaring copper demand.

Barrick bids $7.68 billion for Equinox, tops Minmetals

Barrick Gold Corp has agreed to buy Equinox Minerals for about C$7.3 billion ($7.68 billion), topping a bid from China's Minmetals Resources <1208.HK> in a big bet on soaring copper demand.

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