Asian stocks rebounded on Monday after Dubai said it had received $10 billion from Abu Dhabi to repay debt, which pushed down the yen but boosted the euro and emerging Asian currencies as risk appetite improved. The dollar shot up to 88.90 yen after the statement from around 88.50 yen. The euro also jumped to

Lloyds Banking Group said take-up for its record 13.5 billion pound ($21.9 billion) rights issue totalled over 95 percent, drawing a line under a turbulent few months for Britain's largest retail lender. Lloyd's cash call — the world's largest to date — is a key plank of a bumper 22.5 billion pound capital raising effort

Apple Inc accused Nokia of anti-competitive practices and patent infringement on Friday, escalating a legal battle as they fight for market share in smartphones. Analysts say the dispute, potentially involving hundreds of millions of dollars in annual royalties, reflects the shifting balance of power in the mobile industry as cellphones morph into handheld computers that

The British jobs market has been stronger than expected given the scale of the recession, Bank of England chief economist Spencer Dale said on Monday. The British economy is expected to shrink by 4.75 percent this year as the country suffers its longest recession since World War Two. While unemployment has risen, it is unlikely

Japan's Nikkei average trimmed earlier losses and ended flat on Monday after Dubai said it had received $10 billion from fellow UAE member Abu Dhabi, easing fears of a potential debt default that had rattled global markets. Kajima Corp and other construction firms turned positive after the news, but recent gainers such as Toyota Motor

Abu Dhabi bailed out neighbouring Dubai on Monday with $10 billion in surprise aid for debt-laden Dubai World, driving stock markets higher, but Dubai said creditors still needed to approve a standstill on outstanding debt. Dubai said $4.1 billion of the money received from Abu Dhabi was allocated to property developer Nakheel to repay its

The world should at least halve greenhouse gas emissions by 2050 with rich nations taking the lead, according to a first draft text on Friday seeking to break deadlock on a new climate pact at U.N. talks. The 7-page document omits figures for how many billions of dollars the rich nations should give developing nations

Sales at U.S. retailers rose more than expected in November as consumers stepped up spending on gasoline and a wide range of other goods, data showed on Friday, raising hopes of a self-sustaining economic recovery. The Commerce Department said total retail sales increased 1.3 percent last month, the largest advance since August, after rising 1.1

World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen. China's industrial output accelerated in November to a higher-than-expected 19.2 percent from a year earlier, its fastest pace since June 2007. Imports surged 26.7

To all extents and purposes, 2009 is over for investors and the coming week will be dominated by the issues of 2010. Most have closed their books for the year to lock in profits from what has been a sterling year for risk and the big theme of next year — the withdrawal of central