Honda Motor said on Friday it settled a labor dispute at a Chinese car parts plant after almost three weeks of disruption, allowing it to build cars again in the world's fastest-growing market.
Agricultural Bank of China , preparing for the world's largest-ever IPO, unveiled key financial figures on Friday, detailing plans to issue up to 47.6 billion new shares and forecasting a sharp rise in yearly net profit.
Honda Motor Co said it will resume car output at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.
Chile's state copper think tank Cochilco said Friday it raised its forecast for copper prices to $3.20 per lb in 2010 despite the ongoing market volatility stemming from Europe's debt woes. Cochilco, which helps set price views for the world's top copper miner Codelco [CODEL.UL], said it also raised its 2011 average copper price forecast to $3.30 from $3.20.
Concern over rising U.S. debt could force lawmakers to take another crack at reining in healthcare costs long before any promised savings from President Barack Obama's sweeping overhaul are realized.
Investors will scour a preliminary prospectus for Agricultural Bank of China's around $30 billion IPO, the world's largest, for updates on its book value and bad loans.
Investors will scour a preliminary prospectus for Agricultural Bank of China's around $30 billion IPO, the world's largest, for updates on its book value and bad loans.
Every investor is these days tracking the movement of the hottest commodity--gold. But renowned global commodities investor Jim Rogers says the hottest commodity around now is sugar. Saying that agricultural commodities are set for a big bull run, Rogers said that turmoil in currencies is turning people to commodities.
The global recovery had enough momentum before Europe's debt crisis struck to be able to weather it without being derailed, Treasury Secretary Timothy Geithner said on Thursday.
Growth in the euro zone services sector quickened in May, helped by a the recovery in France, but activity slowed in the big emerging economies and was stable in the United States, surveys showed on Thursday.
The S&P 500 was little changed on Thursday, pressured by weak natural resources shares and tepid May sales by U.S. retailers, while caution before Friday's unemployment report pushed investors to the sidelines.
Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks that started on Thursday.
Wal-Mart Stores Inc is still learning about the Russian market, a country it sees as underserved by retailers, a top Walmart International officer said on Thursday.
Isolated for decades behind Asia's bamboo curtain, communist Laos will soon take a great leap into the global capitalist marketplace with the launch of a stock exchange to fuel a quiet mining and hydro-power boom.
In an attempt to soothe public anger at the wealth of giant energy companies operating in Xinjiang, China has imposed a tax on oil and gas production in its Northwestern Province. The 5 percent tax in oil-rich Xinjiang, imposed Tuesday, is part of a development plan for the desert region, where ethnic tensions exploded into rioting last July that killed nearly 200 people. Earlier, Chinese president Hu Jintao said increased revenue from the resource tax should be focused on improving local people...
In the last few months, speculation has been rife in bullion markets around the world that China will be buying the gold that the International Monetary Fund (IMF) is disposing of these days. But is China buying the IMF gold? It looks, despite the hype about Chinese plans to amass gold reserves in place of the US dollar, the dragon country is not in a mood to buy gold from IMF.
Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
Ford Motor Co will eliminate its Mercury brand which has seen sales and investment plunge in recent years, closing out a vehicle lineup created in the 1930s by Edsel Ford, the automaker said on Wednesday.
For the second time in nine months the Reserve Bank of Australia left rates unchanged at 4.5% as expected and the Aussie fell as the RBA signalled policy makers may keep borrowing costs steady as 'the effects of earlier expansionary policy measures will be diminishing.'
Ford Motor Co is set to announce on Wednesday plans to eliminate its Mercury brand, whose sales and investment have plunged in recent years, a source briefed on the matter said.
Jan Ake Jonsson, chief executive officer of loss-making Saab Automobile, is one of the main candidates for the top job at Volvo Cars.
Ford Motor Co said on Wednesday its U.S. sales rose 22 percent in May for all of its brands from a year earlier and increased its second-quarter North American production plan by 15,000 vehicles.