Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.
Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.
U.S. stock index futures were higher but more volatility was likely on Wednesday as European finance ministers appeared ready to prop up struggling banks, with data due on the U.S. labor market and services sector.
Samsung has said that it will be filing for the preliminary injunction requests for a ban on iPhone 4S sales with courts in France and Italy since the phone infringed its patents.
Russia and China vetoed a U.N. Security Council resolution Tuesday that threatened sanctions against Syria if it didn't stop military crackdown against civilians who oppose President Bashar al-Assad’s regime.
Apple Inc. took the wraps off the sequel of iPhone 4, called new iPhone 4S, at its Let's talk iPhone event Tuesday.
Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.
Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said.
Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.
The first two weeks of the National Basketball Association (NBA) season will be canceled if the lockout is not resolved by October 10, league commissioner David Stern said Tuesday.
New Jersey Governor Chris Christie dashed hopes on Tuesday that he might make a late leap into the 2012 Republican presidential race in a move that sets up a battle between Mitt Romney and Rick Perry.
KFC parent Yum Brands Inc posted a quarterly profit that failed to assuage investor worries about slowing growth in China, its biggest market.
The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
IMAX is continuing its Far East expansion.
KFC parent Yum Brands Inc posted a quarterly profit that failed to assuage investors worries about slowing growth in China, its most important market.
KFC parent Yum Brands Inc reported a quarterly profit that met Wall Street's expectations, helped by another quarter of strong sales in China.
Three monks have tried to burn themselves to death in the past week – a total of five have done so over the past six months.
South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.
The U.S. Senate is as mad as you-know-what and it's apparently not going to take it anymore: the Senate Tuesday voted overwhelmingly, 79-19, to approve a procedural measure that speeds the way for a bill designed to put pressure on China to allow its currency to appreciate.
The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.
