The euro sank to four-year lows on Monday and stocks and commodities fell as increasing market volatility prompted investors to shed even more risky bets.
Japan's Naoto Kan takes over as prime minister this week, faced with the challenge of fixing policy disarray and cutting a huge public debt that is constraining options for keeping economic recovery on track.
U.S. stocks could face more pressure this week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
iPhone maker Foxconn has offered workers at its Shenzhen manufacturing hub in China a 66 percent performance-based pay rise as it tries to deal with the fallout from a spate suicides there.
Gold, platinum and other bullion metals grabbed the center-stage on the Tokyo Commodity Exchange Inc (TOCOM) during the month of May 2010 with staggering volume growth in the bullion commodities. Gold witnessed average daily volume of 66,354 contracts in May 2010 up by 33.9% from 49,545 contracts recorded in April 2010. Platinum contracts increased by 28.1% to 28,981 contracts during the month. The monthly trading volumes in gold and platinum remained at the top with gold monthly volumes at 1194...
China's currency policies were spared a specific mention in the Group of 20 communique on Saturday, but U.S. Treasury Secretary Timothy Geithner and the IMF kept up pressure for a stronger yuan.
The world's top economies scrapped plans for a universal global bank tax on Saturday, giving countries plenty of wiggle room over how to make banks pay for their bailouts in future.
Finance chiefs raced on Saturday to agree on ways to support growth and make global banks safer with a warning from Washington ringing in their ears that Europe and Japan must do more to boost home-grown demand.
The world's top economies were set to ditch plans for a universal global bank levy on Saturday amid signs of slippage in other reforms pledged during the financial crisis.
Treasury Secretary Timothy Geithner urged his Group of 20 counterparts to keep stoking global growth to counteract Europe's woes and put the onus on China, Germany and Japan to boost domestic demand.
Honda Motor said on Friday it settled a labor dispute at a Chinese car parts plant after almost three weeks of disruption, allowing it to build cars again in the world's fastest-growing market.
Honda Motor Co said it will resume car output at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.
Electric cars offer a chance to develop lucrative new technologies, and suppliers would benefit from grabbing more of this work -- but they will have to fight carmakers keen to hold on to control of future profits.
In third to last paragraph, corrects that Schering-Plough, not J&J, hired Hassan in 2003
Chile's state copper think tank Cochilco said Friday it raised its forecast for copper prices to $3.20 per lb in 2010 despite the ongoing market volatility stemming from Europe's debt woes. Cochilco, which helps set price views for the world's top copper miner Codelco [CODEL.UL], said it also raised its 2011 average copper price forecast to $3.30 from $3.20.
World stocks hovered just off two-week highs on Friday and the dollar clung to recent gains ahead of U.S. jobs data that is widely expected to show recovery is gathering pace in the world's largest economy.
Chunghwa Telecom, Taiwan's largest telecoms operator, is in talks to sell Apple's iPad and future versions of the iPhone on the island, its chairman said on Friday as it turns to data services to fuel growth.
The dollar steadied on Friday and Asian stocks slipped on profit taking ahead of a report expected to show the highest U.S. jobs growth since 1983, supporting this week's wary move back into riskier assets.
The U.S. dollar and Asian stocks held on to recent gains on Friday ahead of a report expected to show the highest U.S. jobs growth since 1983, supporting a cautious shift back into riskier assets this week.
Business in Las Vegas is picking up, particularly on weekends, as the economy recovers, Las Vegas Sands Corp Chief Executive Sheldon Adelson said on Thursday in an interview on the CNBC network.
Johnson & Johnson sees its medical device sales growing faster than the industry through 2014 and plans about 80 significant regulatory submissions for its largest unit in the next two years.
The U.S. dollar rose broadly on Thursday on bets for a strong reading for U.S. payrolls data while the yen fell for a second day versus the dollar due to political uncertainty in Japan. Expectations for a strong payrolls report on Friday whet appetite for riskier assets and pushed the Australian and New Zealand dollars higher, along with some emerging market currencies. Investors tend to sell the low-yielding yen to fund such investments.
