The basic materials and financial sectors on Wednesday lifted the Dow Jones Industrial Average to a new 2010 intraday high of 10,766.
The stock market continues to rally on the bullish momentum generated from favorable central bank policies from the U.S. and Japan.
Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.
Japan's Nissan Motor would consider joining a potential alliance between its French partner Renault and Daimler, the Nikkei business daily reported on Wednesday.
Korea Life Insurance Co shares closed up 8 percent in heavy trading on their debut on Wednesday, signaling keen demand ahead of bigger rival Samsung Life's planned $4 billion IPO in May.
The Bank of Japan loosened monetary policy on Wednesday in a split vote that suggested the central bank would struggle in the future to meet government demands for easier monetary conditions.
Shares of Intel Corp jumped 4 percent to their highest in more than a year on expectations that robust Asian sales and a rebound in corporate spending will help the chipmaker beat current-quarter earnings estimates.
The World Bank raised its 2010 growth and inflation forecasts for China and recommended a tighter monetary policy as well as a stronger exchange rate to restrain inflation expectations and asset bubbles.
World stocks climbed on Wednesday in response to a relatively optimistic outlook from the U.S. Federal Reserve combined with a pledge to keep interest rates low.
Technology stocks pushed Asian shares to a two-month high on Wednesday, powered by hopes of strong earnings for Intel, while the yen faltered after the Bank of Japan loosened policy in a bid to spur the flagging economy.
Technology plays led Asian shares higher on Wednesday after the Federal Reserve maintained its pledge to hold interest rates near zero, which kept the dollar near one-month lows against major currencies.
Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.
Honda Motor Co said on Tuesday it had received about 8,000 orders for the CR-Z sporty hybrid car in Japan after less than three weeks on the market, or eight times the monthly sales target of 1,000 units.
Risk appetite among fund managers has grown this month with cash being put to work and equity portfolios being built up, Bank of America Merrill Lynch said on Tuesday.
(Reuters) - Popcorn and soda has filled the stomachs of generations of moviegoers, but with childhood obesity on the rise one studio head has a hankering to see yogurt and veggies at the concession stand, too.
Shares in Renault and Daimler rose on Tuesday, lifted by reports the two car makers are in talks about an equity tie-up as part of a possible longer-term partnership to cope with the industry's recession.
World stocks climbed on Tuesday while the dollar was corralled as investors bet the U.S. central bank will repeat its vow of keeping interest rates low for an extended period after its monthly meeting.
Asian shares struggled to keep modest gains on Tuesday and the dollar gave ground as investors trimmed long positions ahead of a Federal Reserve policy meeting expected to repeat a pledge to keep rates low for a long time.
Asian shares rose modestly on Tuesday, with technology stocks nosing ahead, while the dollar held its ground ahead of a Federal Reserve policy meeting expected to reiterate a pledge to keep rates low for a long time.
The U.S. stock market fell Monday on important policy developments from the U.S., euro zone, and China.
Philippine food-to-power conglomerate San Miguel Corp said it is willing to sell its 51 percent in flagship firm San Miguel Brewery to Japan's Kirin Holdings.
Toyota Motor Corp has slashed production of the Prius hybrid model by 10 percent from March due to a slowdown in sales from a peak last year.
