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China green car dream meets economic reality

China's campaign to bring cleaner, low-emission vehicles to its roads may take a back seat as the government seeks first to stimulate growth and counter dwindling sales in the world's largest car market.

U.S. trade gap narrows for record sixth month

The U.S. trade deficit narrowed 9.7 percent in January to its smallest since October 2002, as both imports and exports tumbled for the sixth consecutive month in the face of shrinking global demand, a U.S. government report showed on Friday.

Stock futures jump as Citi chairman fuels bank optimism

Stock index futures pointed to a fourth straight day of gains on Friday after Citigroup said it did not need any more government capital infusions, bolstering investor optimism that banks might be seeing some stabilization.

Oil below $47 after 11 percent jump

Oil edged down below $47 a barrel on Friday ahead of OPEC's meeting this weekend which pushed prices up by more than 11 percent in the previous session, helped by better-than-expected economic data.

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U.S. business leaders say hobbled by healthcare costs

U.S. business leaders urged lawmakers on Thursday to act quickly on healthcare reform, saying American companies were losing out to other countries with cheaper healthcare and healthier workers.

Oil jumps 11 percent on U.S. retail sales data, OPEC

Oil rose more than 11 percent to top $46 a barrel on Thursday following better-than-expected U.S. February retail sales data and ahead of a weekend OPEC meeting.

Oil jumps 10 percent on retail sales data, OPEC

Oil rose more than 10 percent to top $46 a barrel on Thursday, following better-than-expected U.S. February retail sales data and ahead of a weekend OPEC meeting.

Oil tops $45 on U.S. retail sales data

Oil rose nearly 7 percent to top $45 a barrel on Thursday encouraged by U.S. February retail sales data and ahead of a weekend OPEC meeting.

Saab cuts 750 jobs, says eyed by Swedes and Chinese

Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.

U.S. plays down naval confrontation with China

The United States sought on Wednesday to play down a confrontation between Chinese and U.S. naval vessels as the two sides held high-level talks on reviving growth and reining in North Korea's nuclear program.

Oil rebounds above $43

Oil rose more than $1 above $43 a barrel on Thursday encouraged by strong loan data from China, which investors speculated could feed through into economic growth, and ahead of an OPEC meeting.

BRIC countries to meet ahead of G20: source

Finance ministers and central bankers from Brazil, Russia, India and China will convene ahead of the Group of 20 finance chiefs' meeting in London on Friday, a Russian delegation source told Reuters on Thursday.

Pessimism too high, time to buy: Mobius

Veteran fund manager Mark Mobius sees a potential 20 percent rise in emerging market stocks in 2009 and views extreme investor pessimism as a signal to gradually start buying equities.

Stock futures point to drop; retail sales eyed

U.S. stock index futures pointed to a lower open on Wall Street on Thursday, on rekindled fears over the global economic outlook and the stability of the financial system.

Asian shares retreat as rally proves fleeting

Japanese shares fell more than 2 percent on Thursday and other Asian markets were on the defensive as confidence in a rally this week proved fleeting in light of a shaky global economy and financial system.

World economy seen shrinking as G20 meeting looms

The global economy may shrink 1-2 percent this year, World Bank President Robert Zoellick said, as revised Japanese data confirmed the world's No. 2 economy suffered its deepest slump since the oil shock of 1974.

Oil drops 7 percent on weak demand

Oil fell more than 7 percent to $42 per barrel on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.

US and China diplomats work to iron out differences

The top U.S. and Chinese diplomats have their share of work cut out for them as they strive to reconcile differences between the two nations following the weekend naval confrontation.

Oil drops 5 percent on weak demand, rising inventories

Oil fell 5 percent to below $44 on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.

Oil drops 5 pct on weak demand, rising inventories

Oil fell 5 percent to below $44 on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.

Oil drops $1 on weak demand, rising inventories

Oil fell $1 to below $45 a barrel on Wednesday on further signs of weak global demand and rising inventories in top consumer the United States.

Oil falls towards $45 as global demand dwindles

Oil fell toward $45 a barrel on Wednesday as further evidence of a large drop in global crude demand emerged.

North Korea accuses U.S. of plotting attack

North Korea's Foreign Ministry on Wednesday accused the United States of preparing for a war against the communist state in Pyongyang's first verbal criticism of the Obama Administration.

China navy officers harangue U.S. over sea spat

Senior Chinese navy officers poured scorn on the United States in the wake of a weekend naval confrontation, with one saying the Americans are villains crying foul as fallout between the two giants simmered.

Dalai Lama hopes Beijing will use more common sense

A day after he slammed China for causing untold suffering in Tibet, the Dalai Lama Wednesday said he still believed the future was bright and hoped the Chinese leadership would use more common sense.