Foreigners increased purchases of U.S. securities in November, the U.S. Treasury Department said on Tuesday, though it was private investors rather than central banks who did most of the buying.
South Africa petrochemicals group Sasol said on Tuesday it would not continue with a planned coal-to-liquids plant project in Indonesia as it seeks to focus more on gas-to-liquids opportunities.
China's Sichuan Hongda Co. Ltd. will invest $3 billion in a coal-fired power plant and two iron ore mines in Tanzania, the state-run National Development Corporation (NDC) said on Tuesday.
Chimei Innolux, Taiwan's largest LCD maker, plans to spin off its touch panel business as it seeks bigger gains from a business expected to be one of its fastest growth engines.
Taiwan tested as many as 19 air-to-air and surface-to-air missiles even as Chinese President Hu Jintao was due to meet President Obama for a summit meeting.
The top pre-market NASDAQ stock market gainers are: ARIAD Pharmaceuticals, Datalink, Sterling Bancshares, China XD Plastics and Ku6 Media. The top pre-market NASDAQ stock market losers are: Apple, Avago Technologies, Cypress Semiconductor, NVIDIA and ASML Holdings.
Apple's Chief Operating Officer Tim Cook is again at the helm, after CEO Steve Jobs announced that he is going on a medical leave.
Chinese Premier Wen Jiabao vowed on Tuesday to slam the brakes on a credit surge at the start of this year, following reports that the central bank has cut the 2011 lending target for banks by 10 percent.
Gold priced in US dollars rose for a second day on Tuesday. Reflecting the improved consumer appetite for gold in Asia, premiums for gold bars rose on Monday to hit another two-year high as jewelers from China rushed to buy ahead of the Lunar New Year, while purchases from the electronics sector helped stir up physical trading in Japan, dealers said.
The People’s Bank of China could hike interest rates in the first quarter of the year, an adviser to the central bank said on Tuesday.
U.S. President Barack Obama will host Chinese President Hu Jintao for a state visit on Tuesday in a crucial summit of the world's two biggest powers that some analysts have called the most important since Deng Xiaoping's visit 30 years ago.
Japan's JFE Steel Corp (5411.T) said on Tuesday it is boosting purchases of coking coal from the United States, China, Russia and Indonesia after heavy floods hit production sites in Australia, its biggest supplier.
Pirate attacks on ships worldwide hit a seven year high in 2010 and a record number of crew were taken hostage, a maritime watchdog body said, despite increased patrolling of the seas.
China's key stock index closed up 0.1 percent, supported by a key technical level and better-than-expected earnings from two banks.
China is committed to reforming its exchange rate policy, the Foreign Ministry said on Tuesday, after senior U.S. senators pressed for Congress to get tough with China over manipulating its currency.
China faces growing challenges in managing its foreign exchange reserves -- the world's largest at $2.85 trillion, the country's foreign exchange regulator said in remarks published on Tuesday.
China's increases in bank reserve requirement ratios (RRR) have become a key part of its arsenal in managing massive fund flows and investors should not be concerned that such policy tightening will choke growth.
Chinese President Hu Jintao on Tuesday flew to the United States for a state visit buffeted before he even lands by senior U.S. senators demanding tough action against China for manipulating its currency.
Toyota Motors Corp is developing new type of electric motor which does not require rare earth metals to cut its dependence on rare earth metals and lower costs.
China said on Tuesday its rare earth exports rose 14.5 per cent in the Jan-Nov period of 2010 as prices more than doubled, with most of the shipments going to Japan, Europe and the United States.
World’s number one mobile phone maker, Nokia will end bundling of free music downloads with cellphones in 27 countries but will continue to sell phones free music downloads in China, India, Indonesia, Brazil, Turkey and South Africa.
Aileen WangSHANGHAI/BEIJING - China's central bank has reportedly cut its 2011 lending target for banks by 10 percent from last year in a bid to slow down free-wheeling lending and tame inflation.
