Oil rose to around $113 a barrel on Tuesday as tension over Iran's nuclear program and unrest in Nigeria outweighed persistent concerns about the strength of Europe's economy.
A hedge fund set up by former Goldman Sachs trader Morgan Sze -- the biggest launched in Asia in 2011 -- lost 6.8 percent last year, two sources with direct knowledge of the matter told Reuters, as it was rattled by a sharp drop in Chinese shares.
U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues.
Stock index futures pointed to a stronger open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.9-1.0 percent.
Gold prices rode a global stock market and commodities rally Tuesday break a two-day losing streak.
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U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues.
Chinese exports and imports registered weaker growth in December than in November, signaling economic growth in the world's second largest economy is losing steam on account of sluggish demand and a thaw in the real estate market.
Data
China's exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand ebbed, data showed on Tuesday, bolstering expectations of more policy action from Beijing to support the world's number two economy.
U.S. authorities are investigating allegations that an Indian spy unit hacked into e-mails of a U.S. commission that monitors economic and security relations between the United States and China, including cyber-security issues.
Honda Motor Co <7267.T> unveiled three Acura models at the Detroit auto show on Monday including an entry-level sedan and an NSX supercar as it aims to put the struggling premium brand back on the map in the crowded U.S. luxury market.
Alcoa Inc posted a fourth-quarter loss Monday due to a steep plunge in aluminum prices, but its revenue beat expectations and the company gave a positive outlook for global demand for the metal, especially in the aerospace and automotive markets.
Syria's President Bashar al-Assad, locked in a violent struggle against a wave of unrest, is to make a speech Tuesday on the internal issue and international and regional developments, state media said Monday night.
Alcoa Inc
posted a fourth quarter loss due to a steep plunge in aluminum prices, but its revenue beat expectations and the company gave a positive outlook for global demand for the metal, especially in the aerospace and automotive markets.General Motors Co expects to post market share gains this year in both China and South Korea, a top GM executive said on Monday.
The art of contortion creates nearly impossible feats with the human body where toes wiggle next to ears and backs become like bendy straws, but contortionists say that their extreme acts takes practice and some flexibility, not a freak physique.
Five Years ago today, Steve Jobs unveiled the revolutionary iPhone. The gadget that merged together telecommunication, cyberspace, music and video continues to be celebrated to this day, but while many took to the Web to mark its fifth birthday, others took the opportunity to shed light on labor conditions at Foxconn factories where most iPhones are made.
Gold prices closed modestly lower Monday but other precious metals posted gains as bargain hunters moved in to take advantage of discounts on silver, platinum and palladium.
Huawei Technologies Co Ltd, China's largest maker of telecommunications gear, unveiled a new smartphone on Monday it is touting as the slimmest on the market as it moves to boost its share on the global consumer market.
China's growing demand for energy means oil should fundamentally have the most upside when compared to other publicly traded commodities, a Goldman Sachs analyst told a financial strategy conference in London Monday.
Huawei Technologies Co Ltd, China's largest maker of telecommunications gear, unveiled a new smartphone on Monday it is touting as the slimmest on the market as it moves to boost its share on the global consumer market.
Intel, the world’s biggest chipmaker, plans to scale up production of its new Ultrabook chips, with as many as 75 consumer products available by the second quarter and more to come, said Mooly Eden, VP and general manager for the consumer client group.
