Most Asian stock fell after Greece’s credit rating was cut two levels by Standard & Poor’s, pushing the yen higher amid concern that Europe’s debt crisis may hurt a global economic recovery.
BusinessWeek.com — Finance
Energy producers led Asian stocks higher, with the regional benchmark index climbing for the first time in five days, after stronger-than-forecast U.S. jobs growth bolstered confidence in the world’s largest economy and halted a rout of commodity prices. Japan’s power companies fell.
BusinessWeek.com — Finance
Pakistan’s central bank Governor Shahid Kardar said the outcome of dialogue between the government and political opposition on an economic reform agenda will set the course for the next interest rate decision.
BusinessWeek.com — Finance
Japanese stock futures rose as higher-than-estimated earnings at General Electric Co., a U.S. company considered a proxy for world growth, boosted confidence in a global recovery. Australian shares were little changed.
BusinessWeek.com — Finance
Takeovers in Australia surged to a record this quarter, renewing investment bankers’ hopes that 2011 will uncork a backlog of deals in a commodities-led revival.
BusinessWeek.com — Finance
Asian stocks rose for a third day as U.S. housing data and an extended emergency loan program from the European Central Bank bolstered confidence in a global economic recovery.
BusinessWeek.com — Finance
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