BEIJING - Asian stock markets rose modestly Wednesday in a session damped by evidence that recovery in the world's biggest economy is likely to be slow and bumpy. European shares were higher.
TORONTO - Nortel Networks Corp. has auctioned off another piece of the company with the sale of Global System Mobile to Telefonaktiebolaget LM Ericsson and Kapsch CarrierCom AG in joint bid for US$103 million.
MONTREAL (AFP) - Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.
LONDON (AFP) - Gold prices soared to a record above 1,180 dollars here on Wednesday on the back of weak greenback, which makes the precious metal cheaper for buyers using stronger currencies, traders said.
HONG KONG/SEOUL (Reuters) - Asian stocks rose on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010, while gold struck a record high on a weaker dollar and a media report India was "open to buying" more of the precious metal.