China exposure boosts FedEx shares: Barron's
FedEx Corp shares, which have more than doubled since a low in March, may climb further given the delivery company's growing exposure to overseas markets such as China, Barron's reported on Sunday.
S&P faces 1,100, searches for catalyst
U.S. stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
Obama meets Myanmar PM, calls for Suu Kyi's release
U.S. President Barack Obama called for the release of Myanmar opposition leader Aung San Suu Kyi when he met the country's prime minister at a meeting with other Southeast Asian leaders in Singapore on Sunday.
Web site's cash handout stunt horrifies French minister
French Budget Minister Eric Woerth said on Sunday he was horrified by a publicity stunt that attracted huge crowds hoping for a cash handout and led to serious violence when it was canceled for safety reasons.
International Aero Engines in Airbus deal
Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney , for A320 Airbus aircraft engines.
China-U.S. spar over currencies ahead of Obama visit
The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
Obama warns of more crises if imbalances persist
U.S. President Barack Obama said on Sunday the world economy was on a path to recovery but warned that failure to re-balance the global economic system would lead to further crises.
Repsol to invest $12 bln in Brazil by 2020
Spanish oil group Repsol expects to invest $12 billion in oil exploration activities in Brazil in the next 10 years, including in newly discovered subsalt areas, its president said on Saturday.
Honda Motor to stop Spain motorcycle output-Nikkei
Japan's Honda Motor Co will halt output of motorcycles in Spain at the end of March reflecting steep downturn in Europe, with bike output in Europe to move to Italy, the Nikkei business daily said on Sunday.
Belgacom plans new era of innovation - papers
Belgium's dominant telecom operator Belgacom aims to overturn its conservative reputation by developing new technology and expanding overseas, Chief Executive Didier Bellens told newspapers on Saturday.
Ultra-Orthodox Jews protest at Intel Israel plant
Hundreds of ultra-Orthodox Jews demonstrated on Saturday at Intel Corp.'s new electronic chip plant in Israel in protest against work taking place at the site on the Jewish Sabbath.
GE and China's AVIC to form avionics joint venture
General Electric Co and Aviation Industry Corp, a Chinese state-owned aircraft maker, agreed on Sunday to form an avionics joint venture that will have China's booming commercial aircraft market as one of its main targets.
UC Rusal nears $7.4 billion debt revamp ahead of HK IPO: report
UC RUSAL, the world's largest aluminum producer, is close to a deal to restructure $7.4 billion in debt to foreign banks which is crucial for the Russian firm's planned $2 billion IPO in December, a newspaper reported.
China-U.S. debate delays APEC statement
Asia Pacific leaders struggled to agree a final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates and trade protectionism, an APEC delegation official said.
China rounds on U.S. rates as global economic risk
Ultra-low interest rates in the United States are fuelling speculation in overseas asset markets and threatening the global economic recovery, a senior Chinese official said on Sunday.
China-U.S. debate delays APEC statement: official
Asia Pacific leaders struggled to agree a final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates and trade protectionism, an APEC delegation official said.
Chinese trade official plays down talk of yuan shift
Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate.
UBS to hand over small amount of data: report
Swiss bank UBS may hand over only a small amount of bank data as part of a U.S. settlement because the Internal Revenue Service has succeeded in cracking down on tax evaders, a radio station reported.
Rio Tinto's U.S. coal unit could face tepid demand
Anglo-Australian miner Rio Tinto Plc is hoping to raise $520 million by spinning off its U.S. coal business, but analysts cautioned that demand for the offering could be tepid.
APEC to pledge support for stimulus
Asia-Pacific leaders will pledge on Sunday to keep stimulus policies in place to stop the world from sliding back into recession, wrapping up a summit that has been dogged by accusations of U.S. trade protectionism.
APEC pledges support for stimulus
Asia-Pacific leaders will pledge on Sunday to keep stimulus policies in place to stop the world from sliding back into recession, wrapping up a summit that has been dogged by accusations of U.S. trade protectionism.
APEC supports stimulus; tries to push climate change
Asia-Pacific leaders will pledge on Sunday to keep stimulus policies in place to stop the world from sliding back into recession, wrapping up a summit that has been dogged by accusations of U.S. trade protectionism.
Obama seeks rebalancing, Asia warns of protectionism
President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took aim at signs of U.S. trade protectionism.
Euphoric Apple fans brave rain at New York City's largest store opening
NEW YORKNEW YORK - Hundreds of Mac fans came out to experience the grand opening of Apple's largest store in New York City, despite the rainy weather. Situated in the Upper West Side, the glass and marble building is 14,000 square feet and is the largest Apple store in the world.
U.S. judge favors Grupo Mexico bid for Asarco
A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico, the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy.
Suicide bomber kills 10 in Pakistan's Peshawar
A suicide attacker set off a car bomb at a police checkpoint in the Pakistani city of Peshawar on Saturday, killing 10 people, officials said.
Obama pledges greater U.S. engagement in Asia
U.S. President Barack Obama pledged Saturday to deepen dialogue with China rather than seek to contain the rising power, as he laid out a vision for greater engagement with a vibrant Asia-Pacific region.
Pay limits hamper BofA chief search: report
Bank of America Corp's search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc spurning feelers from the company, the Wall Street Journal reported on Saturday.
Japan's Hitachi to raise up to $4.5 billion: sources
Hitachi Ltd, Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.
India economy to grow 6-7 pct in FY10 - finmin
The Indian economy could expand between 6 and 7 percent in the year to March 2010 despite a bad monsoon, the finance minister said on Saturday as data showed accelerating inflation in October. Speaking in the Sri Lankan capital Colombo, Pranab Mukherjee said there were risks to an early global economic recovery and signs asset price bubbles were re-emerging.