LONDON - European shares hit fresh 13-month highs and the euro climbed on Tuesday, lifted by hopes that meetings on Greece’s future this week and new crisis plans being drawn up by the European Central Bank will see the euro zone take control of its debt problems.
SEOUL — South Korea’s Samsung Electronics said on Tuesday it would invest about $4 billion in its US plant to increase production of system chips, used in smartphones, tablets and other electronics products.
NEW DELHI — India’s top carmaker Maruti Suzuki on Tuesday restarted production at a violence-hit plant near New Delhi, putting an end to a month-long lock-out after a riot left a manager dead and 96 injured.
TOKYO - Embattled Japanese TV maker Sharp Corp may cut a further 3,000 jobs on top of the 5,000 already announced by selling two television assembly plants to Taiwanese partner Hon Hai Precision Industry, according to a source familiar with the discussion.
SINGAPORE - Platinum inched down on Tuesday, sliding from a two-month peak hit in the previous session on heightened supply worries in top producer South Africa, while expectations for easing monetary policy buoyed gold.
TOKYO - Shares rose on Tuesday as investors held on to hopes the European Central Bank can trim borrowing costs and help restore confidence in the euro bloc, even as officials denied a report about the shape of its planned bond buying strategy.
BEIJING — A major Chinese city has announced plans for $240 billion in industrial investments, adding to local spending initiatives that analysts say should help to reverse China’s economic slowdown.
Apple on Monday dethroned longtime rival Microsoft as the most valuable company in history based on the value of its stock, which climbed to approximately $622 billion.
A more than expected cut in discount rate has just been announced to expand bank credit and business and check inflation.
A great bonanza awaits investors of all hues if the central government and Securities and Exchange Board of India (Sebi) stick to their guns and resist pressure from industry bodies to extend the June 2013 deadline for compliance with the 25 per cent minimum public shareholding norm for listed companies.
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