U.S. commercial property prices plunged for a second straight month in May as distressed transactions weighed, but the pace of decline may signal a bottoming process, Moody's Investors Service said on Monday.
Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
The detention of Rio Tinto executives on spying accusations has allegedly wreaked havoc on the world's second-largest iron ore miner's sales in China, as the nation's steel mills took a wait-and-see approach on ore imports from the Anglo- Australian conglomerate, Chinese State media reported on Wednesday.
Real estate research site Trulia.com says 24.6 percent of current homes on the market in the United States as of July 1, have had at least one price cut, totaling $27.1 billion in reductions.
A Chinese steel executive detained along with four Rio Tinto employees is being investigated for leaking China's bottom line on iron ore prices, a source with knowledge of the probe said on Friday.
The price of nearly one in four U.S. homes for sale on July 1 had been sliced at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday.
Online retailer Amazon.com has cut the price of its standard Kindle electronic reader by 17 percent to $299, the company said on Wednesday, the latest salvo in the war for digital readers.
Online retailer Amazon.com has cut the price of its standard Kindle electronic reader by 17 percent to $299, the company said on Wednesday, the latest salvo in the war for digital readers.
Sony Corp Chief Executive Howard Stringer brushed off concerns that the PlayStation 3 video game console is too expensive, and said the company is unlikely to sell parts of its business amid the recession.
It was a strategic move to announce the discovery of a three-billion-ton iron ore deposit in Liaoning province, said an analyst who preferred not to be named, to help Chinese negotiators gain a bigger say at this year's iron ore price negotiations.
Prices of U.S. single-family homes fell in April from March but the pace of the decline moderated, suggesting stability is emerging in some regions, according to Standard & Poor's/Case Shiller home price indexes released on Tuesday.
Microsoft rolled out prices for its new operating system, which will be officially available in October this year. Prices for upgrades vary from different Windows 7 versions.
Ten-year old Yilong is already a statistic.
AT&T Inc yielded on Wednesday to customer complaints and agreed to extend its best upgrade price to previous iPhone buyers eager to get their hands on Apple Inc's new model, which goes on sale Friday.
Technology company LogMeIn Inc has set the terms of its planned $100 million initial public offering, according to a regulatory filing on Tuesday.
Jefferies & Co raised its price target on Microsoft Corp's stock to $26 from $22 and recommended buying shares of the world's largest software company ahead of a possibly large, rapid corporate PC upgrade cycle starting in late 2010.
China Shenhua Energy Co , the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers for this year's annual contract prices, its board secretary, Huang Qing, said on Monday.
Brazil’s mining giant Vale has started iron ore price talks with China, the company released on Friday, two days after it announced agreements with Korean and Japanese steelmakers.
The U.S. Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.
U.S. consumer confidence rose to a nine-month high in June, a survey showed on Friday, but inflation gauges showed worrisome signs of price increases that could slow any recovery from the longest recession since the Great Depression.
Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.
Home Depot's stock price looks like a bargain as the home improvement has slowed expansion and tried to improve customer service under Chief Executive Frank Blake, according to the latest issue of Barron's.
