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G20 officials see no deal in Busan on bank levy

The world's top nations will back general principles rather than a specific tax to make banks pay for their own bailouts in future, finance ministers and diplomats said on Thursday.

Asian stock jump after U.S. data

Asian stocks jumped on Thursday, posting their biggest single-day gain in four weeks, as U.S. housing data fueled optimism about the world's largest economy.

FOREX - Yen drops on uncertainty after Japan PM resigns

The yen dropped on Wednesday as the resignation of Japanese Prime Minister Yukio Hatoyama raised concerns about the outlook for the currency, given that his likely successor has said in the past he wanted a weaker yen.

Premiums on gold bullion coins surge

Despite the rising prices of gold, physical demand for the yellow metal continues to surge. Physical demand for gold is robust and premiums on gold bullion coins continue to rise in key bullion markets like London, Dubai, Mumbai, New York and Beijing.

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Forex - Top 10 central banks with biggest reserves

Central bank reserve holdings have exploded globally in the last decade and nowhere more so than in Asia, where the biggest piles of cash are. Since 2000, global foreign exchange reserves have grown by a staggering $6.15 trillion and stood at $8.09 trillion at the end of 2009, or 14 percent of the world's gross domestic product, International Monetary Fund data showed.

Euro up on central banks comments

The euro rose on Wednesday after some of the world's biggest central banks said they would not stop investing in the single currency, while world equities and commodity prices fell.

Foxconn plant workers to get 30 percent raise

Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was not a sweatshop.

Nintendo to cut Japan prices of main DS models

Japan's Nintendo Co said on Wednesday it will cut the domestic prices of its DS handheld game consoles, slashing the price of one model by a fifth as it seeks to stimulate demand.

Asian stocks fall, yen dips as Japan PM quits

Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.

Gold remains higher on safe-haven buying

old prices remained steady in Asian trade Wednesday mainly on increased safe-haven buying after a report said European banks face sizeable write-offs. Gold for immediate delivery was seen trading at $1223.55 an ounce at 11.30 a.m Singapore time while gold for August delivery was at $ 1226.97 an ounce.

Euro steadies, yen dips on Japan PM resignation

The euro edged up on Wednesday after hitting a four-year low against the dollar on jitters over the euro zone's debt crisis, while Asian stocks were broadly steady despite a dip on Wall Street.

BOJ may offer 1 trillion yen in new loan scheme: report

The Bank of Japan may lend at least 1 trillion yen ($11 billion) to commercial banks under a new loan program to support industries with growth potential that was outlined last month, the Asahi newspaper said on Wednesday.

AIA's IPO plans in focus after Pru rebuff

AIG's rejection of a lowered takeover offer by Prudential for its Asian life insurance business has shifted attention back to the company's IPO plans.

China economy slows on tightening and seasonal factors

The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

Honda China production still out after strike and clashes

Honda Motor Co made little progress on Tuesday in resuming production at a parts factory in south China after a prolonged and high-profile strike that has highlighted growing labor unrest in the region.

Honda says China strike winds down but re-start slow

Hitachi reviews nuclear power partnership with GE

Hitachi Ltd , Japan's largest electronics maker, said on Tuesday that it is reviewing the structure of its nuclear power partnership with General Electric Co , as it seeks to win more deals globally.

Honda China says strike winds down but re-start slow

Honda Motor Co made slow progress on Tuesday in bringing production back at an unusually prolonged and high-profile strike at a parts factory in south China.

Euro and stocks slip on slowdown caution

The euro and Asian stocks slipped on Tuesday on creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.

Euro, stocks down on fears of coming slowdown

The euro and Asian stocks slid on Tuesday with creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.

ECB warns of more bank loan losses

The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a second wave of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.