Markets News

Japan's Nikkei stock average rose 1 percent on Wednesday after reports of an aid plan for heavily indebted Greece eased worries about global economic stability, while a weaker yen buoyed exporters such as Canon Inc.

A U.S. congressional committee postponed a hearing scheduled for Wednesday to examine recent vehicle recalls and how Toyota Motor Co and regulators responded to reports of safety problems with big-selling cars.

Japan's benchmark Nikkei average opened up 0.92 percent at 10,024.26 on Wednesday, while the broader Topix gained 0.73 percent to 887.98.

Greek public sector will strike on Wednesday in the first major test of the government's commitment to push through austerity plans and tackle a debt crisis which has shaken the euro zone.

Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.

Japan's Nikkei stock average is set to rise on Wednesday after reports of an aid plan for heavily indebted Greece relieved worries about global economic stability, while a weaker yen is likely to support exporters.

Chinese Internet search leader Baidu Inc reported a fourth-quarter profit that exceeded Wall Street's estimates and forecast higher-than-expected revenue in the first quarter

The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.

The U.S. Commerce Department said on Tuesday that data on January retail sales and December business inventories that had been scheduled for release on Thursday, Feb. 11, will de delayed.

European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.

The British government said on Tuesday it had asked developing nations to swap information to crack down on tax avoidance, ahead of a financial crime conference on Wednesday.

WASHINGTON,(Reuters) - All publicly traded companies should be required to give shareholders a way to influence the composition of their corporate boards, a top U.S. Securities and Exchange Commission official said on Tuesday.

Germany is considering loan guarantees for Greece and other troubled European countries, the Wall Street Journal reported on its website on Tuesday, citing people familiar with the matter.

Oil rose over 2 percent on Tuesday as reports of a possible aid package for the troubled Greek economy sent Wall Street higher, weakened the U.S. dollar and supported oil prices.

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday.

Toyota Motor Corp has issued a string of recalls covering more than 8.5 million vehicles worldwide including its flagship Camry sedan and the Prius hybrid.

Toyota Motor Corp has issued safety recalls for more than 8.5 million vehicles worldwide, raising questions about quality standards and its credibility.

Global stocks rose on Tuesday and the euro is on track for its biggest one-day gain in 2-1/2 months on expectations euro zone countries will step in to help fix the Greek debt troubles that have soured risk appetite.

U.S. stocks rose at the open on Tuesday as investors welcomed talk that debt-burdened Greece could get help from the European Union, while broker comments lifted shares of industrial companies, including Dow component Caterpillar Inc.