Finance officials from the Group of 20 nations on Thursday pledged to preserve financial stability and said central banks were ready to provide liquidity as needed, but a communique after the meeting offered few hints of fresh action to contain Europe's raging debt crisis or revive the faltering global economy.
U.S. gold futures posted their steepest losses in a month on Thursday, dragged down by a global flight from risk that raises new questions about bullion's value as a safe haven and the sustainability of its long rally.
Forbes' latest list of billionaires, which was published on Wednesday, has a few surprises on it. The world has now 1,210 billionaires, with a total net worth of $4.5 trillion. The number of billionaires has doubled in China while Moscow surpasses all other cities in the number of billionaires.
Private equity firms looking to invest into Alibaba Group have relieved pressure on Chairman Jack Ma to stage a speedy IPO by allowing a way for employees to sell their shares to willing buyers.
Letting the yuan appreciate cannot solve the U.S. trade imbalance with China, the Foreign Ministry said on Friday, hitting back at planned U.S. Senate legislation aimed at forcing Beijing to loosen controls on its currency.
Apple Inc. is expected to conduct a press event on Oct. 4, which may see the release of iPhone 5 with iOS 5, according to analysts. Analysts at Jefferies are expecting Apple to focus on iOS 5 and its cloud service capabilities.
Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing.
European shares inched up from 26-month lows on Friday and the euro rose after the G20 major economies pledged to preserve financial stability, but risk sentiment remained fragile on fears of renewed recession in the developed world.
The world's major economies on Thursday pledged to prevent Europe's debt crisis from undermining banks and financial markets, and said the euro zone's rescue fund could be bolstered.
Global carbon dioxide (CO2) emissions have increased by 45 per cent in the past two decades and reached an all-time high in 2010, says a report.
Alibaba.com shares rose as much as 7 percent on Friday after three private equity firms said they were looking to buy shares in its parent, Alibaba Group, a move analysts say takes the heat off Alibaba Chairman Jack Ma for a speedy IPO.
The world's major economies pledged on Thursday to prevent the euro zone's debt crisis from undermining banks and markets but announced no new specific measures to shore up confidence in the global economy.
Protectionism and populist policies in the developing world could rise as countries face increasing head winds from a growing European sovereign debt crisis and a weakening economic recovery in the United States, World Bank President Robert Zoellick said on Thursday.
Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.
The Dow has lost 6.74 percent over the past four days.
Last week, Brazil slapped on a 30 percentage point increase in import tariffs of automobiles (the Mercosur trade bloc and Mexico are exempted). A major objective of this tariff is to slow surging imports from China.
The week's stock market crash didn’t spare the technology sector, which is often immune from the cycles that beset banking and basic industries. If anything, tech stocks got hammered worse than the market.
Stocks dived more than 3 percent on Thursday, extending losses for a fourth day, as a bleak outlook from the Federal Reserve and weak data from China heightened fears of a global recession.
Stocks headed for their biggest drop in more than a month on Thursday as an unsettling outlook from the Federal Reserve and weak data from China stoked global recession fears.
China's defense ministry warned that the deal with Taiwan has caused serious damage to Sino-US military relations.
Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.
U.S. stocks are suffering a massive sell-off, with the Dow Jones Industrial Average plummeting more than 400 points, in the wake of a grim outlook from the Federal Reserve. Treasuries are rallying, the yield on the 10-Year note is at 1.76 percent, an all-time low.
