General Motors Co showed off the first battery pack for its electric Chevy Volt on Thursday with a ceremony that highlighted the automaker's dependence on U.S. government financing for its revival plans.
The world's leading steelmakers Arcelor Mittal (ISPA.AS) and POSCO (005490.KS) have plans for $14 billion of new investment in India, despite a history of delays in their existing projects.
Japan's new finance minister called for a weaker yen on Thursday and said he would work with the Bank of Japan to achieve an appropriate level, prompting a sharp slide in the currency against the dollar.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Samsung Electronics Co Ltd is headed for a robust year after October-December profit estimates came above market forecasts as the company rides a recovery in memory chips, its cash cow business.
A recent special dividend from leading oilfield equipment provider National Oilwell Varco Inc did not signal a change in its strategy of steadily making acquisitions, a company official said on Wednesday.
Hyundai Motor Co is bracing for tougher competition in India as more global rivals attack the small-car segment, but said it would continue to be a top player due to its big volumes and sprawling sales network.
Consumer confidence is strongest in emerging Asia, Brazil and Australia, but weakened slightly in the United States in the fourth quarter as Americans worried about job security, a survey showed on Wednesday.
Asia stocks rose to a 17-month high on Tuesday as growing confidence about the prospects for the global economy drew investors to riskier assets and away from the dollar, which extended its weak start to the year.
Global factory business activity grew at its fastest pace in nearly four years in December as new orders growth accelerated at a rate not seen in more that five and a half years, a survey showed on Monday.
Hyundai Motor Group, South Korea's top automaker, said on Monday it aimed to raise global sales volume by 17 percent in 2010 on an worldwide economic recovery and new models.
Oil rose more than 2 percent to touch two-month highs over $81 a barrel on Monday as cold weather battered the United States and other big consumer regions, driving up demand for heating fuel.
Factories in Asia stepped up production in December, with China's output growing at its fastest pace on record, suggesting economic activity is gathering pace in the region that is leading the global recovery.
Financial markets were upbeat on the first trading day of 2010 on Monday, with Asian stocks hitting a 17-month high and the U.S. dollar up against major currencies on hopes U.S. job figures this week will reflect a sustained economic recovery.
China's economic growth looks set to accelerate into the new year, with booming factories driving a December manufacturing survey to a 20-month high while South Korea's exports to the country surged on strong demand.
North Korea called for an end to hostile ties with the United States and an atomic-free peninsula in a New Year message that comes weeks after it indicated it could end its year-long boycott of nuclear disarmament talks.
Asia stocks rose on Thursday, racking up a 68 percent gain for the year, as a jump in U.S. consumer confidence reinforced views that the world's largest economy is gradually recovering.
South Korea will launch a pilot carbon emissions trading scheme from January after the environment ministry received applications from 641 public and private organizations, the ministry said on Wednesday.
Asian share markets fell on Wednesday as year-end trade dwindled, with profit-taking pulling down shares and bankruptcy worries about Japan Airlines weighing on the Nikkei, while the dollar rose broadly.
Asian share markets fell on Wednesday as year-end trade dwindled, with profit-taking pulling down stocks in Australia and bankruptcy worries about Japan Airlines Corp weighing on the Nikkei, but the dollar rose broadly.
A $40 billion deal by the United Arab Emirates to acquire nuclear reactors puts it ahead in a drive to meet fast growing power needs among its Gulf neighbors, while also allowing it to export more of its oil.
