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oil

Crude Oil Futures Retreat In Asia After EU Deal Rally

Crude oil futures declined during Asian trading hours Monday after reporting their biggest one-day price surge in three years in the previous session as a breakthrough in the European Union summit in Brussels boosted sentiment.
Nikkei Stock Exchange

Asian Markets Rise On Japan Data, EU Optimism

Most Asian markets rose Monday amid indications of improving business conditions in Japan and on continued optimism about the measures taken in the EU summit to alleviate the euro zone debt burden.
A cleaner rides his tricycle down a side-road as cars sit in a traffic jam along a main road in central Beijing

You Auto Bike More: Chinese Megacity Launches Car Quota System

In an effort to cut gridlock and pollution in Guangzhou, authorities in the capital city of Guangdong province began a one-year trial program on Sunday that will cap the number of new automobiles hitting the streets, according to the state-owned Xinhua news agency.
China PMI down

China's Official June PMI Hits 7-Month Low

China's factory downturn worsened in June as a key activity index hit a seven-month low; the report is expected to raise expectations that the central bank may seek more policy easing.
 Ford to invest $400 mln in Kansas plant, create 3,750 jobs

Losses in Europe, Growth in US - Time For Ford To Leave Europe?

Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
China Hijacking

China's First Plane Hijacking in 22 Years Foiled

Authorities are refraining from calling it terrorism, but the hijackers -- subdued by passengers -- were aboard a flight in a region of Western China where Muslim Uyghur separatists are active

China's Space Race: 3 Astronauts, Including First Woman, Return To Earth After Shenzhou 9 Manned Historic Dockings

Three Chinese astronauts, including the first woman, returned to Earth after their manned spaceship successfully docked to another craft in orbit. The Shenzhou 9 space capsule safely parachute landed about 10 a.m. Beijing time Friday in Inner Mongolia, an autonomous region of the People's Republic of China, following a 13-day mission that marked a major stride in China's ambitious space program.
Asian Markets

EU Summit Proposals Lift Asian Stock Markets

Asian stock markets rallied Friday as sentiment was buoyed after leaders at the European Union summit in Brussels agreed on important plans to tackle the region's debt crisis.

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