Asian markets rose on Tuesday with traders expecting the final go-ahead for Greece's second bailout soon, although they were unfazed by fresh easing measures from Japan's central bank.
Sydney rose 1.21 percent, or 50.9 points, to 4,347.6, Tokyo was flat, adding 9.22 points to 9,899.08 and Seoul jumped 1.13 percent, or 22.54 points, to 2,025.04.Full Story
Japan said on Tuesday it had won approval from Beijing to buy Chinese government bonds for the first time, in a move aimed at binding Asia's two biggest economies and traditional rivals closer together.
China does not allow investors to freely purchase its debt, requiring official approval instead. But analysts said it appeared to be the first time a major economy had bought government bonds directly from Beijing.Full Story
The world's largest energy forum begins meetings on Monday over oil price fluctuations and safeguarding supplies amid heightened tensions over Iran's nuclear program and a softening in global growth.
Oil ministers and delegates from the 88-member International Energy Forum (IEF) are holding their biennial three-day gathering in the Gulf emirate of Kuwait to discuss the role of the forum in tackling market volatility.Full Story
German automaker Volkswagen, the new number two worldwide, said on Monday it expected sales to grow further this year after confirming record results for 2011.
VW posted sales last year of 159.3 billion euros ($209 billion), a gain of 25.6 percent on a 12-month basis, along with a 57-percent leap in operating profit to 11.3 billion euros.Full Story
In a recent study conducted by Deloitte, entitled ‘Fortresses and footholds: Emerging market growth strategies, practices and outlook’, over 600 executives from 10 key emerging markets, including countries in the Middle East, were surveyed to capture the greatest revenue opportunities, successful growth strategies and challenges each company faced.
The Deloitte study found that the greatest success in emerging markets came from understanding the special requirements of customers in each market, and then designing offerings to meet their needs at appropriate market prices.Full Story
President Michel Suleiman urged Arab businessmen on Monday to improve the Arab job market to provide better opportunities for the region’s youth.
On the 60th anniversary of the establishment of General Union of Arab Chambers, Suleiman said social growth and personal liberties are a guarantee to develop freedom and justice.Full Story
India on Sunday reversed its ban on cotton exports in a swift U-turn just six days after the policy announcement was greeted with outrage from farmers.
The government of India, the world's second-largest producer of cotton, unexpectedly banned all exports of the crop last Monday, saying it wanted to protect supplies for domestic mills.Full Story
Eurozone finance ministers meet Monday in Brussels to give their final approval to the second Greek bailout and discuss tightening measures to prevent a repetition of the crisis.
The ministers are expected to sign off on the 130 billion euro ($171 billion) rescue program after Greece's private creditors approved wiping off some 100 billion Euros from Athens' debt.Full Story
Just weeks after the opening of four Chery dealerships in Venezuela, dozens of people are lining up every day to buy the first Chinese cars being sold in the Latin American nation.
Unlike competing Japanese and American cars, import preferences granted by the Venezuelan government mean the Chinese cars are cheaper, which has attracted a steady stream of interested customers.Full Story
In the eastern Chinese city of Wuxi, home to the world's biggest maker of solar panels, labor is so cheap that workers carry out jobs by hand while machines designed to perform the same tasks sit idle.
The low cost of labor, coupled with the massive scale of production at its 14,000-person plant, have enabled China's Suntech to become the global industry leader in just a decade.Full Story