U.S. Secretary of State Hillary Clinton said on Saturday the United States and China could help the world recover from economic crisis by working together, adding Washington appreciated Beijing's confidence in U.S. government debt.
By opening its first LNG plant and sealing a 20-year oil supply deal with China, Russia has taken huge steps this week toward its long-held aim of expanding its influence in Asia's hungry energy markets.
and would likely continue to worsen for the time being.
Japan has been hit particularly hard by the global slump, triggered by the U.S. housing market meltdown, due to its heavy dependence on exports and chronically weak domestic consumption.
Crude inventories in the United States, the world's top consumer, fell slightly last week on lower imports and higher demand, the U.S. Energy Information...
Oil prices rose above $35 a barrel on Thursday ahead of United States data expected to show crude inventories in the top energy consumer hit an 11-year high amid a worsening recession.
Oil stocks in the U.S. have risen by 20 percent since September as the downturn has crushed consumption, and helped pull crude prices more than $110 off their peaks last summer.
A day ahead of expiry, U.S. crude f...
A healthy U.S. auto industry is vital for a sound U.S. economy and by extension for Japanese carmakers, a Tokyo-based auto lobby said, giving a tacit nod to the latest request for federal aid from ailing rivals in Detroit.
Oil prices were steady below $35 a barrel on Thursday, ahead of U.S. data expected to show crude inventories in the top energy consumer have hit an 11-year high amid the worsening recession.
Oil stocks in the United States have already risen by 20 percent since September as the economic downturn crushed consumption, which helped pull crude prices more than $110 off their peaks last summer.
A day...
Japan's Nikkei average rose 0.3 percent on Thursday, a day after closing at its lowest point in nearly four months, as blue-chip exporters gained on the dollar's first move above 93 yen in six weeks.
The Nikkei gained 23.21 points to 7,557.65, capping three days of losses in which it fell about 3 percent. On Wednesday, the benchmark booked its lowest close since October 27.
The broader Topix &...
Japan's Nikkei average rose 0.4 percent on Thursday, a day after closing at its lowest in nearly four months, as blue-chip exporters gained on the dollar's climb above 93 yen for the first time in six weeks.
Astellas Pharma rose after Nikko Citigroup raised its rating on the stock to buy/medium risk from hold/medium risk, saying the drugmaker's upwardly revised targets for the year to ...
Japan's Nikkei stock average rose 0.5 percent on Thursday, a day after closing at its lowest in nearly four months, with exporters leading the market higher after the dollar climbed above 93 yen for the first time in six weeks.
The weaker yen boosted tech shares such as Kyocera Corp as well, while automakers such as Honda Motor Co gained on short covering.
But inve...
From dresses, to handbags, diamonds and music downloads, consumers in Asia are taking to Internet shopping like never before as the region becomes one of the world's fastest growing e-commerce markets.
I like to shop for clothes online because no sales girls will pester me, said Cecelia Wang, a 23-year-old university student in Taipei, who spends about T$1,500 ($44) each ...
Russia inaugurated a $22 billion Pacific natural gas project on Wednesday that will allow the Kremlin to extend its reach in world energy markets from its European stronghold into Asia and North America.
The U.S. economy is facing an unwelcome disinflation, but bold policy action will restore growth in the second half of this year, Federal Reserve Bank of Cleveland President Sandra Pianalto said on Wednesday.
High-grade credit is likely to outperform equities as pressure intensifies on governments to prop up troubled companies, a move which would increase the odds for the sort of stagnation seen in Japan in the past decade.
Japan's Trend Micro Inc, the No 3 maker of computer security programs, introduced a new line of software on Tuesday that runs on home networking gear, protecting groups of PCs from viruses.
Russia will supply about 50 cargoes of liquefied natural gas this year, mostly to Japan, from a new plant on the Pacific island of Sakhalin that will establish it as a major energy supplier to Asian markets.
NEW YORK - Stocks slid within striking distance of the November bear-market low on Tuesday, as grim manufacturing data signaled the recession is worsening and warnings on risks facing European banks underscored the continuing toll of the financial crisis.
Financial stocks sank to 14-year lows after Moody's Investors Service said banks could be hit by the recession in Eastern Europe, pulling the...
an opportunity to reinvent a category, create new rituals and grow our customer base.
Schultz said Via's target customer in the United States is the brewed coffee drinker.
Overseas, the company aims to win over new instant coffee users and to steal market share from established brands such Nestle SA's Nescafe and Kraft Foods Inc's Sanka.
The company already f...
NEW YORK - Stocks slid on Tuesday, sending Wall Street near bear-market lows as grim regional manufacturing data signaled the recession is worsening, while signs of more trouble in the banking sector sank financials.
Financial shares led the way down on fears of more trouble for European banks after Moody's Investors Service said various eastern Europe banks faced downgrades and that recession ...
NEW YORK - Stocks tumbled on Tuesday, pulling the benchmark S&P 500 index to its lowest in three months, after a regional manufacturing report fell to a record low and financial shares slid further on signs of more trouble for European banks.
Dismal economic data from Japan added to the gloom and made oil prices sink. Energy shares were the biggest drag on the Dow and S&P stock indexes, ...
U.S. Secretary of State Hillary Clinton called for coordinated action to revive the global economy on Tuesday and invited Japanese Prime Minister Taro Aso to meet President Barack Obama at the White House next week.
NEW YORK - Stocks tumbled on Tuesday as investors confronted fresh signs that the recession is worsening and worried that efforts to stabilize the beleaguered financial system may not prove sufficient.
The slide took the benchmark S&P 500 below the 800 level for the first time since the bear market low of November 21, weighed by financials, energy companies and big manufacturers.
Shares of ...
LONDON - Wal-Mart Stores Inc (WMT.N) posted a 14.3 percent drop in fourth-quarter operating income at its international businesses, hit by the stronger dollar, but said underlying growth was solid, led by the UK, China and Brazil.
