McDonald's Corp. , the world's largest hamburger chain, said on Friday that it expects to boost its capital investment in China by about 25 percent in 2010.
Investor concern about tightening lending conditions in China and deteriorating finances in Greece and Japan led them to pull cash out of developed market equity funds for debt funds in the week ended January 27, fund tracker EPFR Global said late on Thursday.
Congressional investigators on Thursday sought documents on Thursday from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
U.S. stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
(Corrects paragraph 6 to read Fears that Athens ... and not News that Athens ... regarding ability to service debt)
Ford Motor Co posted its first full-year profit since 2005 on Thursday and said it expects to stay profitable in 2010 despite a still-fragile economy and a debt-heavy balance sheet.
Stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
California and Florida high-speed rail projects were the biggest beneficiaries of more than $8 billion dollars in federal grants announced on Thursday.
Stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
Top policymakers warned on Thursday the world economy is not out of the woods and a global recovery is still far from secure, urging caution as central banks work on withdrawing critical support.
President Barack Obama's job-creation program could produce a short-term political boost, but it's unlikely to significantly stem job losses and reduce the unemployment rate anytime soon, according to economists.
Billionaire investor George Soros said on Thursday that the Chinese stock market is overheating.
Every second critical infrastructure supplier has been a target of a cyberattack, a survey of security software firm McAfee showed on Thursday.
Toyota Motor Corp. announced further model recalls on Thursday, saying that it would spread to China and Europe after faulty accelerator pedal problems were reported.
Toyota Motor Corp extended its safety recall of millions of its most popular cars to Europe and China on Thursday in a further blow to the reputation of the world's largest auto maker.
Ford Motor Co. has stopped production of a full-size commercial vehicle sold in China after discovering that its gas pedal comes from the same supplier that forced Toyota to issue a broad recall of cars.
Chinese real estate company IFM Investments Ltd priced its initial public offering at the bottom of a lowered range, an underwriter said on Wednesday.
Paid virtual private networks are quietly catching on in China as a way to access forbidden websites, analysts say, while authorities are leaving them alone until they become more popular.
North Korea said on Thursday it had detained an American who crossed into its territory from China on January 25 and was interrogating him.
At a time when India's steel industry is slowly rising prices, its counterparts in the US are struggling to do the same as the production costs have gone up. But, the US steel industry is very skeptical about the prices rise as the demand for steel is yet to pick up properly in the country. Even as India and China are witnessing a major surge in demand for steel, the US industry is still slowly picking up pace.
Nickel prices largely depend on global steel demand, which is low in the west and up in China and India now. So, the fall in demand from auto makers in the west and a huge rise in China have complicated the nickel prices. Some 65% of nickel goes into making stainless steel.
The Australian Dollar opens near a three-and-a-half week low today at 0.8925.
