Oil prices rose more than $1 to above $71 per barrel on Tuesday, helped by a fall in the U.S. dollar after a report Gulf Arab states were in talks to replace the greenback with a basket of currencies in oil trading.
Nearly 2 million children under five die from lack of care in India every year, more than in any other country, said a new report released on Monday which blames poor public health spending and entrenched inequalities.
Hong Kong stocks closed up for a
second straight session on Tuesday, spurred by gains on Wall
Street overnight, while higher gold and copper prices fuelled a
rally on commodity-related shares.
Britain's leading share index rose 0.5 percent early on Tuesday, drawing strength from a rebound on Wall Street overnight, with gains in banks and miners offsetting weakness in defensive telecoms and pharmaceuticals.
The dollar fell across the board on Tuesday while world stocks rose after Australia became the first developed economy to raise interest rates in more than a year and data showed the U.S. services sector expanded for the first time since 2008.
Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday.
Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
The dollar skidded against the euro and the yen on Tuesday after a British newspaper reported that Arab states were in talks to end using the dollar for oil trading, but Asian shares rose as U.S. services sector data lifted investors' mood.
Britain's The Independent newspaper said on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
Britain's The Independent newspaper on Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.
China's retail sales had reached 14 billion yuan (about 2 million Dollars) during the first three days of China National day Holiday, up 15 percent from the same period of last year, China Ministry of Commerce said yesterday.
Dr Pradeep Taneja says that while communism in China is dead 'practically', the 60th anniversary of the creation of the People's Republic of China is particularly significant.
President Barack Obama was pressured to postpone a meeting with Tibetan spiritual leader Dalai Lama until after his summit with Chinese leader Hu Jintao next month, the Washington Post reported on Monday.
The United States is the most admired country globally thanks largely to the star power of President Barack Obama and his administration, according to a new poll.
A U.S.-led group that includes former Ford Motor Co director Michael Dingman is in talks to acquire the automaker's money-losing Volvo brand, a source familiar with the matter said on Monday.
The International Monetary Fund is evolving into a central clearing house that will help manage the global economy, the head of the IMF's policy-steering committee said Monday as nations debated the lender's future role.
Chinese Premier Wen Jiabao is expected to hold talks with North Korean leader Kim Jong-il on a three-day visit he began on Sunday, when the neighbors signed a pact on China's economic aid to the impoverished North.
The G30, a group of prominent bankers, policymakers and economists, called on Monday for sweeping reforms to the International Monetary Fund, warning that the impetus for change would wane as pain from the financial crisis fades.
China pledged to strengthen bonds with isolated North Korea, nudging it to improve its economy, while reports of Indian and South Korean swoops on North Korean shipping underscored strains behind a recent easing of tension.
Goldman Politics; Impressions Off the Mark; New Buyer for Volvo?
Norway has retained its status as the world's most desirable country to live in, according to U.N. data released on Monday, which ranks sub-Saharan African states afflicted by war and HIV/AIDS as the least attractive places.
