The Bank of Japan (BoJ) kept its key overnight call rate unchanged at a range of zero to 0.1 percent on Tuesday, assessing that the economic recovery was showing signs of a pause.
Rules are needed to curb speculation in surging commodity prices as the world heads towards a food crisis that threatens political instability, the head of the U.N.'s food agency said.
Thousands of curious onlookers are flocking to get a closer look at a crop circle in a rice field in Indonesia after rumors spread that it was formed by a UFO.
The top after-market NASDAQ stock market gainers are: Tuesday Morning, Radvision, Spectrum Pharmaceuticals, Skyworks Solutions, and China Valves Technology. The top after-market NASDAQ stock market losers are: Sify Technologies, Rediff.com India, Woodward Governor, Acacia Research, and Marshall Edwards.
The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.
Private equity fund TPG Capital plans to buy 14 percent stake in packaging company Time Technoplast at a near 30 percent premium to its market price, the Economic Times newspaper reported on Tuesday.
Gold turned weaker on technical selling on Monday, after the metal initially rose as a lower dollar and lingering worries about an European debt crisis helped recoup some lost ground from a two-month low last week.
Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.
The United States will retain unchallengeable global dominance for at least two decades, a top Chinese official has said in an essay urging his government to find a balance between assertion and restraint.
The yellow and white precious metals have pared most of Monday's Asian gains in North American trading but the metals see strong supports at current levels as the sharp correction in recent days have already brought them to technically justified points of entry.
South Africa's rand firmed slightly against the dollar on Monday, recovering from near 8-week lows seen at the end of last week as the greenback wobbled and metal prices rose.
The Bank of Uganda said on Monday it was intervening in the foreign exchange market by selling hard currency BOUG00, helping to push the shilling up to levels last seen nearly three weeks ago.
The Nigerian naira firmed slightly on the interbank market on Monday after three energy firms sold dollars, traders said.
The Kenyan shilling ended unchanged on Monday against the dollar but is expected to come under pressure from end-month corporate dollar demand while stocks eased as investors sold off Kenya Power and Lighting.
The Ghana cedi extended record losses against the greenback on Monday as corporate demand for the dollar remained high and inflows sluggish, traders said.
Telecom services provider Huawei Technologies Co. Ltd. filed a lawsuit on Monday against Motorola and Nokia Siemens Networks for intellectual property infringement.
RadioShack Corp. (RSH) stock is plunging on news that its chairman and chief executive officer, Julian Day, will retire in May. The company also posted preliminary fourth-quarter earnings that fell below analyst’s expectations.
Search giant Google said it will award $100 million worth of equity to Eric Schmidt, who will step down as the company's chief executive in April to make way for co-founder Larry Page.
Robert W. Baird downgraded rating of OmniVision Technologies Inc. (OVTI) to 'neutral' from 'outperform' with a price target of $34, based on limited upside potential near-term.
The top pre-market NASDAQ stock market gainers are: Clinical Data, Genoptix, Optical Cable, NVIDIA, and ATP Oil & Gas. The top pre-market NASDAQ stock market losers are: MIPS Technologies, OmniVision Technologies, Veeco Instruments, MannKind, and ASML Holding.
Factories in the euro area witnessed strong price increases in January while the services sector too posted better-than-expected growth, suggesting the eurozone has made a solid start to the year.
The companies whose shares are moving in pre-market trade on Monday are: Nvidia, First Solar, Sara Lee, Micron Technology, Halliburton, Radioshack, Salesforce.com and Carnival Corp.
Crude oil imports by China surged in 2010, taking the nation’s overseas oil dependence ratio to more than 55 percent, a media report said on Monday.
Futures on major U.S. indices point to modestly lower opening on Monday as investors awaited the earnings from major firms including McDonald's and Texas Instruments.
Business activity in Germany increased sharply in January, mainly boosted by a strong expansion in output of the services sector.
The companies which are expected to see active trade on Monday are: Texas Instruments, American Express, Amgen, McDonald's, CSX, Halliburton and Sealed Air.
The companies that are expected to report earnings for Monday before the market opens are: Bank of Hawaii, Halliburton, McDonald's, PetMed Express, Steel Dynamics, Sealed Air, Wintrust Financial, Sensata Technologies Holding, and Twin Disc.
China’s economy is estimated to grow at 9.8 percent in 2011, with inflation likely to reach 3.7 percent.
Asian stocks rose on mild bargain buying after a sell-off last week, while the euro hovered near a nine-week high before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.
The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.
