Asian stocks hit a 17-month high on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies while the dollar suffered its biggest loss in six weeks after poor U.S. jobs data.
Federal Reserve monetary policy is unlikely to pushed off course by December's surprising job losses, a senior Fed official said on Monday.
Asian stocks rose to a 17-month high on Monday as a strong rebound in China's exports raised optimism about the region's economic outlook as the dollar suffered following weak U.S. jobs data.
Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.
A senior Federal Reserve official said the pace of job loss had slowed even though unemployment remains high and the challenge for policy makers will be to adjust extensive securities purchases.
A senior Federal Reserve official said on Sunday that while unemployment remains high, the pace of job loss has slowed and the main challenge for policy makers will be to adjust extensive securities purchases.
The U.S. dollar fell on Monday, extending losses after posting its biggest loss in six weeks after U.S. jobs data disappointed, while the Australian dollar soared on the back of strong export numbers from China.
Venezuela's devaluation of its currency will further complicate its troubled commercial relationship with neighboring Colombia, where the economy is already suffering from a breakdown in cross-border trade.
The Australian Dollar opens higher on Monday at 0.9260 after U.S. non-farm payrolls came in weaker than expected sparking a sell-off in the greenback.
U.S. stocks could be in for a bumpy ride this week as three Dow components kick off the quarterly earnings reporting season, with investors clamoring for reassurances on future profits.
Mexican icon Carlos Slim may be one of the world's two richest men, but his telecommunications empire is losing some of its shine.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminium and steel sectors saw a welcome increase in export volumes.
The Nigerian man who attempted to blow up a commercial jet outside Detroit on Christmas Day should be tried as an enemy combatant in a military court, a leading Republican Senator said on Sunday.
A U.S. peace envoy's suggestion that Washington could penalize Israel financially to force it into making concessions to the Palestinians drew Israeli ire on Sunday.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminum and steel sectors saw a welcome increase in export volumes.
U.S. home loan rates could rise by as much as three-quarters of a percentage point in the spring as the Federal Reserve ends its mortgage bonds purchase program, a top Fed policymaker said in an interview published on Saturday.
The recent spike in U.S. bond yields, coinciding with a rally in the dollar against the yen, is flagging a return to the yen to fund carry trades -- the risky strategy of using a low-yielding currency to purchase assets in higher-yielding currencies in the search for better returns.
Movie buffs and sports fans looking to 3D televisions for the ultimate home theater experience may want to get their eyes checked first -- or risk a 3D headache, U.S. eye experts said on Saturday.
The world's biggest maker of plasma TVs, Panasonic plans to launch its 3D channels by June 2010 with U.S. satellite TV provider Direc TV Group and looks to sell about 1 million units in the first year of their launch, its U.S. chief said on Friday.
President Hugo Chavez said he ordered two F-16 jets to intercept a U.S. military plane that twice entered Venezuelan skies on Friday, but Washington said none of its planes flew over the South American country's airspace.
Iran's Supreme Leader Ayatollah Ali Khamenei told the security forces on Saturday to take firm action against anti-government protesters.
President Hamid Karzai proposed new names on Saturday to replace an Afghan cabinet line-up rejected by parliament, omitting controversial ex-guerrilla commanders and their allies but still disappointing diplomats and lawmakers.
