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Blackstone hopes to sign first Australian deal in 2010

Giant private equity fund Blackstone Group hopes to close its first Australian deal this year and is looking at a deal in Japan and South Korea.

N. Korea leader plans mid-March China visit - Kyodo

Reclusive North Korean leader Kim Jong-il plans to visit China in mid-March, Kyodo news agency said on Thursday, as Washington sees signs that Pyongyang may end a year-long boycott of international nuclear disarmament talks.

Little room for hybrids, EVs in Europe for a decade

Hybrid and electric cars are the stars of motor shows, but the expensive technologies could take a decade to really hit European roads as automakers improve petrol and diesel cars to meet short-term emissions targets.

Commodities Track: Most commodity prices rise

Commodity prices recovered in February after falling in the first month of the year despite China's tighter monetary control regime and US Federal Reserve raising rates for emergency loans to banks which initally sent jitters down the commodity street. However, prices of key commodities have rebounded with crude oil rising as much as 10 percent while key Nymex traded Copper futures have gained 7.1%. Gold gained 2% in February and Spot Gold in New York closed the month at $1,119 still far short o...

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Asia stocks up 3rd day, Australia dollar slips

Asian shares climbed for a third session on Tuesday, led by tech stocks, while the Australian dollar slipped on uncertainty about the pace of future interest rate hikes.

Asia stocks up on tech

Asian shares rose for a third straight session on Tuesday, led by tech stocks, while the Australian dollar slid ahead of what is expected to be a close decision by the central bank on whether to raise interest rates again.

IMF says Chinese currency substantially undervalued

The U.S. dollar is still somewhat overvalued while the Chinese renminbi is substantially undervalued, the International Monetary Fund said on Monday in an assessment of Group of 20 major economies.

Global factories expand in Feb, some rates slower

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.

Global factories enjoy bumper February

Asia factory output expands, China slows a bit

Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.

Clinton encouraged by signs on North Korea talks

U.S. Secretary of State Hillary Clinton said on Friday she was encouraged by signs that North Korea may be getting ready to return to stalled talks on its nuclear program.

Joannie pure poise in turquoise

A composed Joannie Rochette betrayed little of her emotional turmoil as she gracefully glided to the Olympic figure skating bronze on Thursday and then wondered what her late mother would have made of her effort.

Huge burden lifted off my shoulders: Kim Yuna

South Korea's Kim Yuna can finally relax and not need to think about the future after the teenager rose to the occasion and won the gold medal in the women's figure skating on Thursday.

Kim Yuna wins gold; Joannie Rochette wins bronze, hearts

Kim Yuna dissolved into tears after she obliterated the opposition to become the first South Korean to win an Olympic figure skating gold medal, while a grieving Joannie Rochette melted millions of hearts with a display of sheer courage.

Kim beats Asada for gold

Japan's Mao Asada will compete for the Olympic gold medal on figure skating with main rival South Korea's Kim Yuna Thursday evening in Vancouver .

China gold as Koreans disqualified

Joy turned to despair for South Korea on Wednesday when their victory lap was cut short by news of their disqualification gifting China the Olympic gold in the women's short track 3,000 meters relay.

Hockey gods and bobs make it Canada's day

The Canadian men restored order in their Olympic ice hockey house and headed to the semi-finals after a 7-3 rout of Russia on Wednesday, a day of redemption and medal manna from heaven for the host nation.

North Korea, as usual, threatens South, U.S. over drill

North Korea threatened to attack South Korean and U.S. forces for scheduled joint military drills in March even as nuclear envoys picked up the pace of work to get stalled disarmament talks back on track.

Lane changing Kramer takes gold in 'oops' Games

A coach's split-second lapse of concentration was all it took to add Sven Kramer's name to a roll call of athletes hit by mishap, mistake or miscalculation when they thought Olympic gold was already in the bag.

Games enthralled by day of raw emotion on ice

Canada's Olympic inquisition was put on ice after an extraordinary day of raw emotion at the Vancouver Winter Games on Tuesday.

Hyundai recalls new Sonata due to lock faults

Hyundai Motor will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival Toyota Motor Corp faces for its handling of a series of safety problems.

LG Display considers additional production line

South Korea's LG Display Co Ltd said on Wednesday it was considering building an additional production line to meet robust flat panel orders, adding to emerging concerns over rapid supply growth.

Hyundai halts U.S. sales of 2011 Sonata; shares drop

South Korea's Hyundai Motor has stopped U.S. sales of its 2011 Sonata sedan due to door lock issues, sending its shares down more than 4 percent on concerns it could become snared in a damaging recall crisis like Japanese rival Toyota Motor Corp.

Hyundai Motor halts 2011 U.S. Sonata sales

South Korea's Hyundai Motor said on Wednesday it had suspended sales of its new Sonata models in the United States due to door lock problems, sending its shares more than 4 percent lower.

Yuna has big money and medal on the line

Most athletes at the Winter Olympics in Vancouver are looking at financial gains for bringing home a gold medal but South Korean figure skater Kim Yuna could sustain huge losses if she does not.

Money means more to people since financial crisis: poll

As the saying goes, money isn't everything, but it certainly means more to people now than before the global financial crisis, and especially in China, Japan and South Korea.