China's yuan remains undervalued, but increased currency flexibility is just part of a range of policies needed for rebalancing in Asia, the International Monetary Fund said on Thursday.
Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc , betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM .
SAP AG will start selling a long-delayed suite of Web-based software for running small to mid-sized businesses in July, a top company executive said on Wednesday.
Honda Motor Co forecast a smaller-than-expected 10 percent rise in full-year operating profit on Wednesday, warning tough competition would dent gains from improving sales in the United States and China.
Remember the impact of Reserve Bank of India's decision to buy 200 tonnes of gold from International Monetary Fund (IMF) in November 2009 had on the price of yellow metal? That time gold prices soared to new heights because the world feared that India is shifting its foreign reserves to gold expecting the dollar to crash.
Honda Motor Co , Japan's No.2 automaker, forecast a 10 percent rise in operating profit this year as demand in its biggest and most profitable U.S. market recovers from a multi-decade low.
Honda Motor Co , Japan's No.2 automaker, forecast a 10 percent rise in operating profit this year as demand in its biggest and most profitable U.S. market recovers from a multi-decade low.
(Corrects 2nd paragraph to state that AliExpress was launched on Monday, not now in beta-testing.)
Ford Motor Co posted a stronger-than-expected $2.1 billion quarterly profit and said it would be solidly profitable in 2010, a year ahead of schedule, driven by strong U.S. sales and market share gains.
Strong demand for industrial goods from customers in emerging economies helped a half dozen U.S. manufacturers produce pleasant earnings surprises on Tuesday.
China's largest e-commerce firm Alibaba.com said it will offer e-payment services on its new online commerce platform from eBay's PayPal, in the first such tie-up between the former arch-rivals.
Mazda Motor Corp and Mitsubishi Motors Corp , Japan's No.5 and No.6 automakers, forecast a more than trebling in annual operating profit on Tuesday, counting on new models to ride a sales recovery in the United States and other markets.
The euro slipped on Tuesday after Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, with investors likely set to push high risk European sovereign bond yields up further.
A trio of reports from top household products makers is likely to show that consumers are truly back to buying and could be the catalyst the companies need to gain favor with investors.
U.S. clinical research company Charles River Laboratories International agreed to buy Chinese rival WuXi PharmaTech for $1.6 billion to expand its presence in China and deepen its expertise in drug-discovery services.
U.S. oil fell below $85 a barrel on Monday as Greece's festering debt crisis pushed the U.S. dollar up and as the oil market girded for further growth to inventories in the United States, the world's top energy consumer.
Just three weeks after the global launch, bootleg versions of Apple Inc's hot-selling iPad tablet PCs have begun showing up on the shelves of online and real-world shops in piracy-prone China.
German carmaker Volkswagen will build two new plants in China as part of a 1.6 billion euro ($2.15 billion) expansion plan to capture growth in the world's most dynamic auto market.
Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.16 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.1 percent at 5:06 a.m. ET.
Japan's Canon Inc raised its annual outlook closer to market expectations on Monday after posting a more than fourfold jump in quarterly profit on brisk demand for digital cameras and printers.
The People's Bank of China must choose between preserving domestic price stability and defending the yuan's fixed exchange rate as it is not possible to hit both targets at once, an adviser to the central bank said on Sunday.
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
