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Stocks jump 3 percent as central banks add liquidity

Stocks rose 3 percent on Wednesday as major central banks jointly added liquidity to the world's financial system, easing worries about a global downturn.

Untouchable challenging box office records in France

Untouchable, a comedy about a rich quadriplegic and his black caretaker, has become a certified box office phenomenon in France.

AT&T, China Telecom Announce Agreement to Expand Services to Multinational Companies

Dallas-based AT&T has agreed to provide broader-reaching Internet services in China, and the two companies are looking into providing services such as telepresence, managed hosting, cloud-based services, network integration services and enterprise mobility solutions.

UNESCO 'Intangible Heritage' List: 19 Cultural Traditions in Danger of Extinction

The United Nations has announced that Mexican mariachi music, Chinese shadow puppetry and poetic dueling competitions in Cyprus are among several cultural traditions that are both crucial to a living culture and are at risk of dying out, prompting moves to protect and encourage their practice. UNESCO has placed 19 new items on the Intangible Heritage List.

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U.S. Stocks Soar on Action by Central Banks

U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

Instant view: Private sector adds 206,000 jobs in November

The pace of job growth in the private sector accelerated in November, with U.S. employers adding 206,000 jobs, a report by a payrolls processor showed on Wednesday.

George Soros Investing in Chinese Jewelry Firm - Report

Billionaire philanthropist and investor George Soros is seen investing at least $50 million to subscribe for shares in the initial public offering of Chow Tai Fook Jewellery Group Ltd, Ming Pao Daily News reported on Wednesday citing sources close to the deal.

File photo of detainees sitting at Naval Base Guantanamo Bay

Senate Backs Detainee Provision; Allows Military to Hold Suspected Terrorists Without Trial

The highly contested provision, part of the National Defense Authorization Spending bill Act, was upheld after the Senate rejected an amendment on Tuesday that would have removed the detainee provision.

China cuts bank reserves in policy shift to lift economy

China's central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease credit strains and shore up an economy running at its weakest pace since 2009.

Oil Pushes Above $100 on Central Bank Eurozone Intervention

Oil jumped above the psychologically-significant $100 level on Wednesday after a coordinated move by central banks to address pressures in global money markets.

U.S., UK investors slash euro zone debt: Reuters poll

LONDON - U.S. and British institutional investors walked away from euro zone bonds during November as fears for the future of the currency bloc grew, Reuters asset allocation polls showed on Wednesday.

TSX to open up on China move, GDP eyed

Toronto's main stock index was set to open higher on Wednesday, extending gains from the previous session after China unexpectedly cut its bank reserve requirement ratio by 50 basis points, and ahead of Canadian growth data.

Wall Street set for big gains after central banks act

Stocks were set to gain more than 2 percent at the open on Wednesday as a coordinated action by major central banks to provide liquidity to the global financial system boosted investors' appetite for risky assets.

China cuts RRR in surprising move to inject cash

China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.

Stock futures soar after central banks act globally

Stock index futures soared on Wednesday as investors welcomed a coordinated action by major central banks to provide liquidity to the global financial system.

China cuts bank reserve ratio

China's central bank cut the reserve requirement ratio for its banks on Wednesday for the first time in nearly three years to ease credit strains and shore up activity in the world's second-largest economy.

Europe's Markets Rise for Fourth Straight Session

European shares extended a rally into a fourth session on Wednesday, with miners reversing earlier losses after resource-hungry China cut the reserve requirement for banks to ease credit strains and bolster its economy.

Australia for Formation of Trilateral Security Pact with U.S., India

Australia's foreign minister on Wednesday backed the formation of a security pact with India and the United States, a tie-up that could fuel China's worries of being fenced in by wary neighbors.

China Signals Policy Shift by Cutting Bank Reserves

India’s Economic Growth Slows Down; Will RBI Cut Rates?

India's economy grew at the slowest pace in more than two years, according to the recent Gross Domestic Product (GDP) numbers which shows the country's economy rose 6.9 percent in the July-September quarter.

Stock futures jump after China bank move

Stock index futures rose on Wednesday after China unexpectedly cut its banks' reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.

China cuts reserve ratio in move to inject cash

India’s GDP Growth Falls to 6.9 Percent; Weakest in 2 Years

India's Gross domestic product growth fell to 6.9 percent in the second quarter of the financial year. The GDP growth figure is the weakest pace in more than two years.

Global Stocks Hit by Fresh Bank Tremors

Stocks fell and the euro weakened Wednesday after Standard & Poor's hit some of the world's leading banks with a credit downgrade and euro zone leaders' move to ramp up the regional bailout fund drew a tepid response.

Caution on Eurozone Bailout Progress Hits Asian Shares

Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.