Japan stocks edge higher on bullish outlook for steelmakersTOKYO — Japanese stocks crept higher Monday after a big jump in steelmakers helped lift the benchmark index out of negative territory. GM executives say car maker plans continued expansion in China, despite US financial woesSHANGHAI — Dealing with the crisis at General Motors Corp. kept new CEO Fritz Henderson from traveling to Shanghai’s auto show, but executives say the company intends to continue growing in China regardless of how its financial mess is resolved. China Telecom 1Q profit down 27.4 percent as demand for fixed-line service dropsBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened. Most Asian markets inch higher as investors await earnings; China shares gain on Wen commentsHONG KONG — Asian stocks edged higher Monday as the Chinese premier’s positive assessment of the world’s third-largest economy helped soothe nerves ahead of key earnings reports from leading U.S. companies. European markets opened lower. Oil falls below $50 in Asia investors brace for poor US company earningsSINGAPORE — Oil prices fell below $50 a barrel Monday in Asia as investors braced for a slew of U.S. corporate earnings reports this week that could temper optimism about global economic recovery. South Korean leader calls for end of corruption as predecessor faces bribery probeSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. Newly designed ‘Lone Star Texas’ license plates being stockpiled at a prison plantHUNTSVILLE, Texas — The rhythmic thump-thump-thump reverberates throughout the cavernous building like a heartbeat, or the dance floor of a rockin’ good club. SKorean leader calls for end of corruption as predecessor faces probe in bribery scandalSEOUL, South Korea — South Korea must do more to combat corruption, President Lee Myung-bak said Sunday as his predecessor faced an investigation over whether he received millions of dollars from a businessman while in office. Ex-President George W. Bush jokes about dog walking, discusses financial crisisBOAO, China — Former President George W. Bush cracked jokes about how he scoops up after his dog on neighborhood walks and then turned to more serious subjects like terrorism and the financial crisis Saturday during his first overseas trip since leaving office. Negotiator: Taiwan to discuss partial free trade agreement with ChinaTAIPEI, Taiwan — Taiwan will discuss a partial free trade agreement with China and sign pacts to enhance economic cooperation during high-level talks in late April, negotiators said Saturday. South Korean prosecutors to question former president in bribery scandalSEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, an official said Saturday. Reports: South Korean prosecutors to question former president in bribery scandalReports: SKorean prosecutors to quiz ex-president SEOUL, South Korea — South Korean prosecutors will question former President Roh Moo-hyun about whether he received millions of dollars from a businessman while in office, news reports said Saturday. China’s premier says stimulus working, Chinese economy is better than expectedChina’s premier says economy better than expected BOAO, China — China’s Premier Wen Jiabao said Saturday that the country’s stimulus package is working and the economy is “better than expected.” Vietnam announces stimulus plan to help farmers affected by global economic downturnVietnam announces stimulus plan to help farmers HANOI, Vietnam — Vietnam has announced an economic stimulus plan to help farmers who are among those worst affected by the global recession, the government said Saturday. |
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