LG Electronics said its profit rose 26.5 percent from a year earlier, beating estimates, as its mobile business profited for the first time in a year.» Read More
As the high-end Chinese consumer becomes more discerning in a slowing luxury goods market, analysts say Hong Kong-listed Italian fashion house Prada can face up to the challenge given its attractive product mix and store expansion plans, forecasting huge gains for the company’s stock over the next 12 months.
In China, more than 2,800 women gathered to meet, and possibly marry, a group of 11 men purportedly worth a billion yuan.
Analysts say China stocks can only extend gains on Wednesday if volume can increase to match.
The price at the pump may be falling, but interest in buying a fuel-efficient model remains high. In fact, the latest survey on consumer attitudes shows saving money on gas is the top factor impacting what model car buyers are looking for.
Investors hoping to cash in on the growth in the Chinese consumer sector should look at China-focused companies that are not listed in the mainland, says one expert.
China stocks are expected to be rangebound on Tuesday. The Shanghai Composite nudged up 0.16 percent to end at 2348.3 on Monday, trading was thin.
Frederic Neumann, MD & Co-Head of Asian Economics Research, HSBC says Asia needs fiscal stimulus rather than monetary stimulus to cushion the blow from the EU crisis.
In spite of last week's selloff in global stock markets on concerns over the future of the euro zone, one expert says the S&P 500, which closed the week down more than 4 percent, could rise 20 percent in the near-term if Europe takes decisive action to restore confidence.
A federal investigation into JPMorgan Chase’s multibillion-dollar trading loss widened Friday as regulators pursued a new line of inquiry. The NYT reports.
Two days after being criticized for dropping direct ads on Facebook, General Motors said it will also stop running ads during the Super Bowl.
Two new models geared toward two very different buyers are the latest moves by Ford and GM.
With gold prices surging in recent years, the semiconductor industry has been increasingly replacing the precious metal with the more affordable copper in the wire bonding process, leading to huge savings in the cost of manufacturing a chip.
Jim Rogers, the chairman of Rogers Holdings, says he expects more turmoil in the global financial markets after Asian stock markets on Friday fell close to four-month lows.
China stocks are expected to trade sideways after yesterday's rebound.
Okayama Metal & Machinery has become the first Japanese pension fund to make public purchases of gold, in a sign of dwindling faith in paper currencies. The Financial Times reports.
The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses. The NYT reports.
Despite criticism for pulling its Facebook ads, GM is not changing its stance. The world's largest automaker believes that it is better served not running direct ads on the world's largest social network.
China stocks are due for a technical rebound after sliding for four days but global uncertainties and slowdown worries may keep gains limited.
The United States’ economy could shrink as much as 4 percentage points in the first half of 2013 if Congress fails to address the expiration of $600 billion worth of tax breaks and jobless benefits by the end of this year, according to Goldman Sachs.
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Dominic Schnider, Head Commodities & APAC Forex at UBS Wealth Management, outlines factors that will weigh on gold prices in the coming months.
Robert Rennie, Global Head of FX Strategy at Westpac Bank, says the Reserve Bank of New Zealand is trying to "re-connect" its currency with the country's key commodity exports.
Shen Jian Guang, Greater China Chief Economist at Mizuho, says China will likely hit its growth target with stronger stimulus fueling economic activity in the second half of 2014.