Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive on Friday, pushing up Asian equities for a fourth day and knocking the yen to a six-month low against the Australian dollar.
North Korea's missile preparations suggest Pyongyang could launch a satellite into space as early as Saturday, an American defense official said on Thursday as the U.S. military monitored the situation.
World leaders on Thursday clinched a $1.1 trillion deal to combat the worst economic crisis since the Great Depression, and tightened the rules to stop it happening again.
World leaders agreed a trillion-dollar deal on Thursday to combat the deepest economic downturn since the Great Depression.
World leaders will impose new financial rules on Thursday and triple the war chest of the International Monetary Fund to fight the worst economic crisis since the 1930s, sources at the G20 summit said.
North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others threatening punishment for a move they say violates U.N. resolutions.
World leaders will impose new financial rules on Thursday and triple the war chest of the IMF to fight the worst economic crisis since the 1930s, monetary sources at the G20 summit said.
World stocks powered higher on Thursday as hopes grew that the U.S. economic decline was reaching a bottom while the euro gained despite expectations of an interest rate cut from the European Central Bank.
World stocks powered higher on Thursday as hopes grew that the U.S. economic decline was reaching a bottom while the euro gained despite expectations of an interest rate cut from the European Central Bank.
Asian stocks shot to a three-month high on Thursday, building a three-day rally on hopes the U.S. economy has bottomed, while the euro was firm before a European Central Bank meeting at which rates may be cut for the last time in a while.
Asian stocks rose on Thursday, with investors seeing a sliver of hope the U.S. economy has bottomed, while the euro edged up before a European Central Bank meeting at which rates may be cut for the last time in a while.
North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others promising punishment for a move they say violates U.N. resolutions.
Honda Motor Co. is to cut U.S production in the coming month and will reduce salaries due to economic downturn in auto sales drop.
Verizon Wireless hopes to roughly halve the number of cellphone operating systems that it needs to support in the next few years to help improve the time it takes to bring new technologies to customers.
US President Barack Obama said that all the participating countries at G20 summit should work together to tackle the global financial crisis and should recognize they had to forget their occasional differences on how to promote economic growth and trade.
World stocks kicked off a new quarter Wednesday with strong gains in Japan and losses in Europe after registering their best monthly performance since December 1999.
Asia's banks are likely to step in with loans and boost their presence across the region as the credit crisis has forced big Western rivals to retreat.
Honda Motor Co Ltd said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers.
Microsoft shares were raise to Buy from Neutral, as shares rose about 6 percent to $18.37 in the afternoon trading
The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply the oxygen of confidence to drag the world economy out of recession.
North Korea said on Tuesday it would put on trial two U.S. journalists arrested this month on its border with China, stoking tensions with Washington ahead of a planned rocket launch that has already alarmed the region.
Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is close to raising $6 billion for a new global property fund, falling short of its earlier target of $10 billion, sources with direct knowledge of the plan said on Tuesday.
