World leaders agreed on Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries.
Europe's focus on cutting deficits is absolutely wrong, Argentine President Cristina Fernandez said on Saturday, citing her country's experience with austerity she said helped lead to a huge default in 2001.
World leaders must focus on bolstering growth in a global economy still scarred by crisis, Treasury Secretary Timothy Geithner said on Saturday as the heads of the Group of 20 nations gathered in Canada.
Oppenheimer estimated first-day sales of Apple's iPhone 4 at 1.5 million units, surpassing previous iPhone launch sales.
Worries about the fragility of global economic recovery hit financial markets again on Friday, knocking world stocks down for the fourth session in a row ahead of a summit of Group of 20 nations.
Stock index futures pointed to a weaker open on Wall Street on Friday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.25 percent and Nasdaq 100 futures falling 0.4 percent by 0939 GMT.
Asian stocks fell for a fourth straight session on Friday, driven by expectations of tighter financial regulation ahead of the weekend G20 meeting and uncertainty about the global economic recovery.
Asian stocks on Friday slid for a fourth straight session, driven by expectations of tighter financial regulation ahead of the weekend G20 meeting and uncertainty about the global economic recovery.
The yen rose broadly and stayed near a 1-month high against the dollar on Friday on short covering, and as falls in regional share markets prompted traders to further sell risky currencies such as the Australian dollar.
The dollar was on the defensive on Friday on doubts about a recovery in the U.S. economy while short covering and a general wariness towards riskier assets kept the yen near a one-month high against the greenback.
After a brief rally yesterday, the AUD has fallen back through USD0.8700 as risk aversion trading was back in play.
The United States said on Thursday world leaders must work to keep economic growth on track but Europe dug in its heels ahead of a G20 summit, insisting that now was the time to work on cutting costs.
Honda Motor Co 's new hybrid car will cost one fifth less than the cheapest hybrid on the Japanese market, according to a newspaper report -- a move that may make hybrids low profit margin models for automakers.
Apple fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market.
Gold was flat to slightly firmer on Thursday as the Federal Reserve's vow to keep interest rates low and uncertainty over the global economy underpinned investor appetite.
On Wednesday, weak U.S. housing data helped send gold to a low below $1,230 an ounce, but its recovery since then on bargain-hunting eased bearish views that gold cannot be an exception when a sell-off hits other commodities and stocks.
European policymakers defended budget austerity plans on Thursday ahead of a G20 summit set to pit calls for fiscal restraint against warnings that heavy cost-cutting threatens recovery.
Apple fans queued overnight in their hundreds outside stores in Europe and Japan to snap up the latest iPhone, as the technology giant set a new benchmark in the hard-fought and fast-growing smartphone market.
Hundreds of fans flocked to stores in Tokyo to be the first buyers of Apple's iPhone 4 and some lined up in San Francisco as the red-hot smartphone rolls out on Thursday in five of the world's six largest economies.
Global equities and crude prices eased on Thursday on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
Asian stocks mostly steadied while the dollar eased on Thursday amid concerns over the global outlook after the Federal Reserve said the economic recovery was faltering.
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia's government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering.
Fans stormed Apple Inc's store in Japan and operator Softbank Corp's outlets as the company launched a slim new version of its wildly popular iPhone.
