Beijing could have another window of opportunity over the next few days to make its long-awaited move on the yuan, in the wake of strong Chinese data and ahead of a Sino-U.S. summit.
Britain's Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on Friday.
The global advertising industry is eager to capitalize on booming use of mobile phones for Internet access as more enhanced devices are coming to the market to get more consumers reachable online.
Samsung Electronics, the world's largest memory chip maker, plans to unveil on Monday a much-awaited semiconductor investment plan, a source said, joining a growing list of firms raising spending on global economic recovery.
The beleaguered euro hovered just above a major support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring stocks and pushing safe-haven gold to near record highs.
China restored full Internet access in its far western Xinjiang region Friday, the local government said, ending 10 months of blocked or limited access following deadly ethnic rioting there last July.
Ford Motor and its China venture partners, Mazda Motor Corp and Chongqing Changan Automobile Co, are seeking Chinese government approval to end their three-way tie up, two sources said on Thursday.
HTC Corp fired back on Wednesday in its legal battle with Apple Inc, asking the U.S. International Trade Commission to ban sales of iPhones, iPads and iPods in the United States.
Cisco Systems Inc's quarterly results topped Wall Street forecasts as a global economic recovery encouraged companies to upgrade their networks, but CEO John Chambers' cautious tone prompted investors to sell the shares.
The United States is losing enough data in cyber attacks to fill the Library of Congress many times over, and authorities have failed to stay ahead of the threat, a U.S. defense official said on Wednesday.
HTC Corp said on Wednesday it filed a patent infringement case against Apple Inc and asked the U.S. International Trade Commission to ban U.S. sales of iPhones, iPads and iPods.
IBM forecast roughly doubling its profit by 2015 as it pushes further into emerging markets and lucrative services and software businesses, sending its shares up over 4 percent and boosting investor confidence in the tech sector.
The trade deficit hit its widest point in 15 months in March as a broadening economic recovery boosted demand for foreign goods, with a rise in exports and imports seen as a sign of growing global demand.
IBM said it expects its profit to roughly double to more than $20 a share by 2015, helped by growth in emerging markets as well as the company's push into high-margin technology services and software businesses.
(Reuters) - More than two thirds of the estimated 8.8 million deaths in children under five worldwide in 2008 were caused by infectious diseases like pneumonia, diarrhea and malaria, according to a study on behalf of the World Health Organization and the United Nations Children's Fund (UNICEF).
The International Energy Agency revised its global oil demand forecast for 2010 down by 220,000 barrels a day, mostly due to changes to non-OECD historical data though also because of February data and preliminary estimates for March and April.
After the initial surprise and shock generated by the Euro rescue mission worth $1 trillion, the ominous economic woes loomed large over the global markets and as a result the safe haven quotient of gold soared again and the yellow metals again started its upward journey with the prices jumping above $1,200 per ounce levels. Mostly the gold futures market across the globe witnessed the surge as investors were skeptical about the IMF-EU-sponsored bailout package for the Euro zone.
Global oil prices dropped below $76 a barrel in Asian trade Wednesday mainly on declining market enthusiasm over a huge Eurozone rescue package. Light sweet crude for June delivery was seen trading at $75.84 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 80.34 a barrel at the same time in London.
Nissan Motor Co expects growth in emerging markets and launches of new models such as its Micra compact to provide only a modest boost to profits this year, in a cautious view echoing its larger Japanese rivals.
Global oil prices dropped below $76 a barrel in Asian trade Wednesday mainly on declining market enthusiasm over a huge Eurozone rescue package. Light sweet crude for June delivery was seen trading at $75.84 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 80.34 a barrel at the same time in London.
OPEC on Tuesday said it's forecast for global oil demand remained unchanged at 1.1 percent or by 0.9 million barrels per day. In its monthly oil market report, OPEC said although the economic recovery shows signs of improving momentum, important risks remain that could impact demand growth expectations for this year.
The last recession forced the auto industry to slash costs, shutter factories, tear up contracts and rely on government funding.
