U.S. Defense Secretary Robert Gates is expected to announce as early as Thursday about $100 billion in savings for the Pentagon and cuts to some weapons programs, sources said on Monday. The
Japanese stocks led Asian equities higher, climbing to their highest since May, and oil prices were perched near a 27-month high on Tuesday, with investors betting the improving U.S. recovery may be
IBM (NYSE: IBM) formally unveiled the fifth annual "Next Five in Five" – a list of innovations that have the potential to change the way people work, live and play over the
European shares rose on Monday in the first trading session of 2011, led by German automaker Porsche, while the euro fell against the dollar on concerns the euro zone sovereign debt crisis
Gold rose above $1,420 an ounce in Europe on Monday, within 1 percent of its record high, and silver and palladium hit multi-year peaks, driven by pent-up demand on the first trading
Oil extended a rally above $92 a barrel on Monday, spurred by expectations that a global economic recovery is gathering strength and as market bulls set their sights on $100 a barrel.
Factory output growth eased only slightly in Asia in December and offered an upbeat end to a fraught 2010 for the euro zone, with signs that growth in export orders was filtering
– Hyundai 2010 sales up 16 percent; Kia sales up 40 percent South Korean automakers predicted rising 2011 sales on U.S. and China growth, while France's car market ended a negative 2010
Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides said on Monday that he has informed the President of the Republic Demetris Christofias concerning the Natural Gas Public Company's (DEFA) unanimous decision
European shares rose on Monday, the first trading day of the year, led by gains in automakers after Porsche won a legal challenge from U.S. hedge fund groups. Porsche surged 14.8 percent
