Small-value stocks got a much-needed lift after the Federal Reserve cut interest rates by 1.25 percentage points from Jan 22 to Jan 30.
The biggest rally in the history of wheat trading defied even some of the best conventional wisdom, humbling forecasters from Goldman Sachs Group Inc to the US government.
Investors applauded along with fashion editors yesterday when PPR SA's Bottega Veneta luxury label sent its fall collection down a Milan runway.
Toshiba said yesterday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
Wal-Mart Stores Inc, the world's largest retailer, said fourth-quarter profit rose more than analysts estimated after it stepped up holiday discounts and added more brands of computers and flat-screen televisions.
Deutsche Post logistics and international mail head Frank Appel took over as chief executive and pledged to focus on its loss-making US business and retail bank Deutsche Postbank.
Shoprite Holdings Ltd, South Africa's largest food retailer by market value, said first-half profit rose 48 percent as employment increased and after a strike reduced year-earlier sales.
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Raymond Zhou
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Berlin Fang
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Huang Xiangyang
Chen Weihua
