A rise in China's official manufacturing index coupled with a surge in bank lending to feed optimism on Wednesday that the world's third-largest economy may soon be on the road to recovery.
The dollar and yen slipped on Tuesday when the Bank of Japan's share-buying scheme and Australian stimulus moves temporarily eased some of the caution about the global economy and banking system. Currency
World stocks and oil ticked higher on Tuesday as Japan and Australia stepped up efforts to boost ailing economies, helping calm fears about deteriorating corporate profits. Australia slashed interest rates by a
BP Plc missed analysts' forecasts with a 24 percent drop in fourth-quarter replacement cost net profit to $2.59 billion, due to a collapse in oil prices and a big loss at its
European shares moved higher in early trade on Tuesday, with Vodafone leading the gainers after it reported better-than-expected revenues, while BP fell after disappointing numbers. By 0929 GMT, the pan-European FTSEurofirst 300
Panasonic Corp said it would launch in April in Japan plasma TVs that are a quarter of the thickness and consume half as much electricity as conventional models, in a bid to
Seven months after IBM delivered the world's fastest supercomputer, it has announced an even speedier one with the computing power of 2 million laptops. IBM said on Tuesday it is developing the
Stock index futures pointed to a higher opening on Wall Street on Tuesday, bouncing back from recent weakness as investors braced for a flurry of corporate results, as well as for U.S.
Australia slashed rates and unveiled a $26 bln stimulus on Tuesday as authorities stepped up efforts to revive foundering economies. The government more than doubled its initial stimulus, bringing the total package
The Bank of Japan on Tuesday pledged to spend $11 billion to buy shares held by Japanese banks to ease the pain from the global financial crisis, reviving a scheme launched earlier
