Dalai Lama “If you can, help others; if you cannot do that, at least do not harm them. ”
Barack Obama “Those who stand up for justice are always on the right side of history.”
Chinese security officials accused four detained staff of Anglo-Australian miner Rio Tinto Ltd of bribery on Friday as Australia sought to avert a diplomatic row centering on the massive iron ore trade.
The Shanghai office of China’s State Security Bureau accused the three local Rio staff and senior Australian executive Stern Hu of bribing Chinese [...]
General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure.
A whirlwind 40-day bankruptcy for GM was expected to conclude with the closing of a deal to sell key operations and core brands, [...]
China said on Thursday detained staff from Australian miner Rio Tinto had harmed China’s economic interests in a case that has rattled currency markets and raised questions about China-Australia relations.
Beijing confirmed on Thursday the detention of an Australian mining executive and three other Shanghai-based employees of global miner Rio Tinto.
Chinese authorities have “a vast [...]
Forecast-beating results from U.S. bellwether Alcoa helped lift European stocks and draw global equities out of the red on Thursday, while currency markets reversed some of their recent cautious patterns.
The U.S. aluminum giant kicked off the latest U.S. earnings season on Wednesday by reporting a third consecutive quarterly loss, but it beat estimates [...]
Economy jitters continued to sweep financial markets on Wednesday, weakening stocks, propelling the Japanese yen to a six-week high and dragging oil down to around $62 a barrel.
Investors have begun worrying that global economic recovery will not be as quick or robust as many had hoped.
Comments in particular that a second U.S. stimulus package may [...]
World stocks ticked lower for a fourth consecutive day toward a two-week low on Tuesday while the low-yielding yen rose as doubts persisted over how sustainable a global economic recovery would be.
Investors grew nervous ahead of upcoming second-quarter corporate results. Aluminum producer Alcoa will kick off the U.S. earnings season when it announces results [...]
Japan’s leading global investment bank Nomura said Sunday it had launched investment banking operations in Saudi Arabia, becoming the first Asian securities firm to break into the lucrative, rapidly growing market.
“As the first Asian securities firm in Saudi Arabia, Nomura is especially well placed to bridge and facilitate the growing commercial interests between the Gulf [...]
Markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.
With risk out of favor for the moment, Japan’s Nikkei .N225 fell 1.38 percent and the MSCI index of [...]
A U.S. federal judge in the GM bankruptcy case late Sunday approved the sale of the troubled automaker’s assets to a “new GM,” court documents showed.
Judge Robert Gerber, in giving his approval, said it “is the only available means to preserve the continuation of GM’s business.”
Lawyers wrapped up their closing arguments in the bankruptcy case [...]
European stocks dropped for a third straight week, the longest stretch of losses since March, as concern mounted that the economy won’t recover soon.
Volkswagen AG slumped 6.3 percent, leading declines in automakers, after U.S. car sales fell in June and Credit Suisse Group AG cut its assessment of the industry. ThyssenKrupp AG, Germany’s largest [...]
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