Asian shares climbed to their highest level in seven months on Tuesday on fresh hopes the global recession is easing, and oil hovered at six-month peaks as supply concerns helped buoy up prices.
U.S. crude for June rose above $60 a barrel ahead of expiry on Tuesday, extending gains from a six-month high settlement a day earlier amid supply concerns over Nigeria and a U.S. refinery.
Asian shares climbed to their highest level in seven months on Tuesday on fresh hopes the global recession is easing, while oil hovered at six-month peaks as supply concerns helped buoy prices.
Walt Disney Co on Tuesday launched a new website offering merchandise from its theme parks and resorts as the entertainment group seeks new revenue sources during a slump in business at Disneyland and other parks.
Despite tightening regulations due to the economic downturn and in the wake of the high profile Madoff ponzi scandal, Luxembourg hopes to gain an advantage over even more highly unregulated investment centers, the chairman of a leading funds association there said.
Oil prices steadied around $59 a barrel on Tuesday after settling a day earlier at a six-month high on supply concerns from Nigeria and a key U.S. refinery, as investors looked to equities and the dollar for further cues.
Japan's Nikkei stock average rose 2.8 percent on Tuesday buoyed by gains in exporters such as Canon Inc after the yen retreated against the dollar.
Advanced Micro Devices Inc expects its core business to make a net profit by year's end with the personal computer market potentially stronger in the second half, Chief Executive Dirk Meyer said on Monday.
Japan's Nikkei stock average jumped 3.2 percent on Tuesday, with Honda Motor Co and other exporters gaining after the yen retreated against the dollar.
U.N. Secretary General Ban Ki-moon plans to name former U.S. President Bill Clinton as his special envoy to Haiti, in a move that could attract investment and help stabilize the country, officials said on Monday.
The market did some strange things today. Those who follow it (and maybe trade it), will tell you it went up. The catalyst: communists lose some Indian political leverage, which will usher American style... socialism... in India, and homebuilders apparently are building homes again. The first item is open to discussion (mostly by political pundits), however to assume that the Indian market can sho...
The Pentagon used 300,000 barrels a day of oil - the equivalent to 1.5 percent of the nation's total usage of 21 million barrels a day - Ashton Carter, undersecretary for acquisition, technology and logistics at the Pentagon said today, according to Reuters.
The United States renewable energy market is by far the most appealing to investors worldwide, according to a survey by KPMG to 200 executives at utilities, producers and banks, Bloomberg reported.
A bill restricting credit card practices is on track to being approved by the U.S. senate; President Barack Obama is expected to sign it into law before the end of the month.
The U.S. climate bill is expected to pass Congress this week according to the Chairman of the House Energy and Commerce Committee Henry Waxman who said he thinks he will obtain a majority of votes, Reuters reported.
Digital music supplier Napster said on Monday it is slashing its monthly subscription price to $5 and adding downloads of songs to its streaming service in a bid to expand its customer base and compete with Apple Inc's iTunes.
Federal regulators are considering forcing larger U.S. banks to bear a bigger portion of the cost of cleaning up the banking crisis, a source familiar with the plan said on Monday.
American Express Co , the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.
The Aussie dollar followed local equity markets lower in early trade yesterday to test critical technical support ahead of 0.7450.
U.S. President Barack Obama will announce a proposal tomorrow that automobiles sold in the United States in 2016 should meet a fuel efficiency standard of 35 miles per gallon, according to people familiar with the announcement, the Wall Street Journal reported.
The White House will unveil an auto fuel efficiency proposal on Tuesday to resolve a dispute between California and the U.S. government over emissions and accelerate the timeframe for sharply improving mileage performance, industry and other sources said.
President Barack Obama urged both sides in the abortion debate on Sunday to pursue a
