Mining giant Rio Tinto has drawn up contingency plans to raise $8 billion in a rights issue underwritten by JP Morgan Cazenove and Credit Suisse, the Sunday Times reported without citing sources.
North Korea fired a long-range rocket on Sunday, provoking international outrage, but a divided U.N. Security Council failed at an emergency meeting to agree on a reaction to Pyongyang's defiant move.
President Barack Obama's pledge to boost IMF resources to help other crisis-hit economies could prove a tough sell for a Congress suffering from bailout fatigue and worried about mounting U.S. debt.
Eight Chinese who used high-tech communications equipment, including mobile phones and wireless earpieces, to help their children cheat at university entrance exams have been jailed on state secret charges, local media said.
G20 leaders have kickstarted stalling world trade with a substantial infusion of funds to finance export credits, but promises to agree a new Doha trade deal and battle protectionism remain vague.
U.S. President Barack Obama said on Thursday the United States would lead by example in combating climate change so that developing nations such as India and China would follow suit.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
G20 leaders convinced investors they were united enough to keep a risk-taking rally alive on Friday, lifting Asian stocks a fourth day, but the U.S. dollar fought back from early losses ahead of the latest U.S. payrolls number due later in the day.
World leaders drew praise on Friday not so much for the boldness of their $1.1 trillion package to help revive the global economy as for at least not making the crisis worse by failing to agree.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive on Friday, pushing up Asian equities for a fourth day and knocking the yen to a six-month low against the Australian dollar.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
Online video games maker Changyou.com closed up 25 percent in its trading debut on Thursday, making it the most successful stock launch in nearly a year.
World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again.
Online video games maker Changyou.com Ltd soared in its trading debut on Thursday, with shares up 26 percent, putting it on pace for the most successful stock launch in nearly a year.
The prospect of a new iPhone launching this year could spark new interest in the firm’s venerable gadget.
Online video games maker Changyou.com Ltd soared in its trading debut on Thursday, with shares up nearly 36 percent, putting it on pace for the most successful stock launch in nearly a year.
China is encouraging people to pay respects to the martyrs of the Communist revolution on a new website set up ahead of a traditional holiday to remember the dead, state media said on Thursday.
China is encouraging people to pay respects to the martyrs of the Communist revolution on a new website set up ahead of a traditional holiday to remember the dead, state media said on Thursday.
North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others promising punishment for a move they say violates U.N. resolutions.
China, India and other developing nations joined forces on Wednesday to urge rich countries to make far deeper cuts in greenhouse gas emissions than planned by 2020 to slow global warming.
Finnish Nokia Oyj, the world's biggest mobile phone maker, said thousands of developers and content providers had registered to sell content in its online store, Ovi, which will be opened in early May.
Australian miner OZ Minerals agreed to sell most of its assets to China's Minmetals for $1.21 billion on Wednesday, securing Australian mining's second big Chinese investment in as many days.