Asian markets fell Friday as investors were disappointed with U.S. Fed Chairman Ben Bernanke's lack of a commitment to additional monetary easing measures in his congressional testimony on the country's economic outlook.
Crude oil futures declined Friday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke disappointed investors.
Chinese shares edged higher Friday after the People's Bank of China lowered benchmark interest rates for the first time in three years to boost economic growth.
Japan's Nikkei 225 Stock Average fell Friday as lack of indications of more monetary stimulus in the U.S. by the Federal Reserve undermined the interest rate cut by China.
U.S. crude oil futures fell more than $2 on Friday, pressured by uncertainty about the fragile economic recovery in the United States .
U.N. Secretary-General Ban Ki-moon warned the Security Council Thursday that all-out civil war is imminent in Syria while his predecessor Kofi Annan called again for more pressure on Damascus to halt the violence.
The Chinese government says that more than 9 million students will take national exams to enter into college next year. A high number, but a significant drop from previous years.
Not a chance.
Several travel agencies in China are reporting that foreigners have been banned from traveling to the Tibet Autonomous Region, the Chinese name for Central Tibet.
U.S. manufacturing productivity surged 5.4 percent in the first quarter, the most since last year?s third quarter, even as overall productivity eased about 1 percent, the U.S. Department of Labor said.
Punters in London pubs say the power station is cursed, but its latest purchase is far from extraordinary. The influx of Asian and Arab investors to England -- as well as to the United States, France, Greece and elsewhere -- is emblematic of the current economic state of the world.
The Shanghai Cooperation Organization, meeting in Beijing, offered statements of support for Teheran. That's bad news for American, and Western, influence in Central Asia
Global stocks rose Thursday after China unexpectedly cut its interest rate and continued rising even after Federal Reserve Chairman Ben Bernanke declined to commit to more economic intervention to boost the U.S. economy.
Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.
The price of gold on the New York Mercantile Exchange fell by more than 2 percent on Thursday, ending six days of consecutive price increases so far this month.
Singh wants the Indian economy to be humming along at 9 percent annual growth again.
Stocks jumped at the open on Thursday after China's central bank cut bank lending and deposit rates, fueling hopes of simultaneous action to aid a flagging global economy.
In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.
The outflow from India-focused funds reached an alarming rate in May amid concerns about the sharp fall of the Indian rupee against the dollar and sluggish policy reforms from the government, according to a report.
Hong Kong shares advanced Thursday, following solid gains on Wall Street overnight on hopes that major central banks including the US Federal Reserve might act to tackle deteriorating global economic conditions.
Syrian rebels Thursday accused troops loyal to President Bashar al-Assad of massacring dozens of people, including women and children, just a few hours before a United Nations Security Council (UNSC) meeting was to evaluate the crisis in the country.
Futures on major U.S. indices point to a slightly higher opening Thursday ahead of the report on weekly jobless claims and Fed Chairman Ben Bernanke?s congressional testimony.
