A rich asking price could once again sink AIG's plan to sell its Taiwan insurance unit after an attempt at a sale earlier this year met a similar fate.
Poised for Recovery, Big Gas Deal, Stocks Hit Wall
Don't blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.
Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina , agreed a $41 billion liquefied natural gas deal.
World stocks and commodity prices recovered on Tuesday from the previous session's sell-off, which was prompted by concerns over the pace of global recovery, while the Japanese yen and safe-haven U.S. government bonds eased.
Asian shares clawed their way back from early lows on Tuesday following wild swings in Shanghai, as investors worried whether more bouts of profit taking will spell the end of the bull market that emerged from the financial crisis.
Asian stocks and the Australian dollar edged higher on Tuesday but shares in Shanghai were highly volatile, keeping nerves frayed about whether another bout of profit taking would hit global markets.
Asian stocks retreated on Tuesday, following Shanghai shares into the red and keeping nerves frayed about whether further profit taking will end the bull market that emerged from the financial crisis.
CITIC Securities Co, China's largest listed brokerage, posted a 19.77% drop in net profit in the first half of this year on a suspension of initial public offerings (IPOs) and a decrease in fund sales.
Dell has confirmed it's developing mobile devices for China Mobile, the world's biggest wireless operator by subscribers, igniting speculation that the computer maker is getting ready to make its debut into the already highly competitive smartphone market.
Volkswagen (VOWG.DE), Europe's biggest carmaker, gave a wary outlook for world automotive markets on Monday even while reporting a third consecutive month of sales growth in July.
Nokia's global vice president James Lin has confirmed that the company has entered into serious negotiations with China Mobile to introduce its Ovi Store handset services to China, although the parties have not yet reached any public agreement, Sina Tech reported on Monday.
Stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
Dell Inc is developing mobile devices for China Mobile Ltd, according to spokesmen for the computer maker, which has long been rumored to have ambitions in the smartphone market.
Apple's iPhone has passed the entry-net test, signaling that it's a step closer to the huge Chinese market, Sina Tech said on Monday.
The euro hit a two-week low against the dollar and neared a one-month trough against the yen on Monday as world stock markets fell and doubts about a U.S. recovery prompted investors to cut exposure to risk.
China reduced its holdings of U.S. Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday.
Older adults in developing countries who regularly eat fish seem to have a lower risk of dementia, a new study suggests.
North Korea said on Monday it would reopen its border with the South, ending a self-imposed 9-month blockade on a vital source of cash for its leaders as their ravaged economy is squeezed by tightening U.N. sanctions.
The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.
Despite unveiling a face-saving iron ore deal with Australia's Fortescue Metals Group on Monday, China's embattled steel industry body CISA seems to be ceding its grip on the levers of China's iron ore pricing talks.
China's $200 billion sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 billion in U.S. mortgages as it eyes a property market recovery, two people with direct knowledge of the matter said on Monday.
