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HuaweiLONDON - Gold fell on Wednesday, poised for its first four-day losing streak since August, taking a cue from euro weakness as fear mounted on peripheral euro zone economies along with wider concern about the global economy.
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Gold analysts have turned increasingly bullish on the outlook for prices in the final quarter of 2012, unanimously expecting a record-high average, and further gains next year, a Reuters poll showed on Wednesday.
BIRMINGHAM, England - British Prime Minister David Cameron warned voters to brace for “painful decisions” on the economy on Wednesday but offered little new to alter a grim growth outlook which has derailed his efforts to cut the budget deficit.
Toyota Motor Corp. is recalling 7.43 million vehicles in the US, Japan, Europe and elsewhere around the world for a faulty power-window switch — the latest, massive quality woes for Japan’s top automaker.
LONDON - Weakness in commodity stocks dragged Britain’s top share index lower on Wednesday as persistent concerns over growth and valuations kept the market tethered in its recent range.
The World Bank said policymakers in Asia’s emerging economies have room to provide more fiscal stimulus as China’s slowdown drags the region’s growth to an estimated 11-year low in 2012.
Emirates Glass, or EGL, wholly owned by Dubai Investments (DI), reported a 50 per cent increase in sales up to the third quarter of 2012, as compared to the same period last year.
European governments set up a full-time €500 billion ($648 billion) fund to aid debt-swamped countries and, not for the first time in the three-year crisis, expressed confidence that the financial muscle won’t be needed anytime soon.
AMSTERDAM — World stock markets declined Tuesday against a backdrop of worries about global economic growth and Europe’s debt crisis.
Spectrum Brands Holdings Inc will buy Stanley Black & Decker Inc’s door lock and bath fixture business for $1.4 billion, adding brands such as Kwikset and Price Pfister to a line-up that includes Rayovac batteries and Remington shavers.