European officials searched urgently for ways to contain the region's debt crisis, amid expectation that a rebound in government bond markets would prove only temporary.
Toyota is suing the company handling bankrupt General Motors' assets, demanding $73 million in damages from the shuttering of a joint-venture California plant.
European Union nations agreed to give $89.4 billion in bailout loans to Ireland to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency.
The European Union was poised to approve an 85 billion euro ($115 billion) rescue for Ireland on Sunday and announce outlines of a permanent system to resolve Europe's spreading debt crisis said.
European Union (EU) finance ministers are due to meet on Sunday to finalize their approval of an expected 85-billion-euro ($112-billion) financial aid to debt-hit Ireland.
Consumer prices in Japan fell 0.6 percent during the month of October, the government said Friday, marking the 20th straight month of declines as the country struggles to keep its economic recovery alive.
The 2010 regular election of the executive directors of the International Monetary Fund (IMF) had been completed and the new Executive Board took office on Tuesday, the IMF announced on Wednesday.
Ireland has unveiled the harshest budget measures in its history, a four-year plan to slash deficits by euro15 billion ($20 billion) so it can receive a massive bailout from the European Union and the International Monetary Fund.
There has been a sharp contrast between Ireland's debt crisis and the performance of the Australian economy, Treasurer Wayne Swan said on Tuesday.
The Korea Development Institute, a state-run think tank, lowered its forecast for the country's economic growth next year from 4.4 percent to 4.2 percent in light of the global economic slowdown.
Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago.
General Motors Co prepared for a dramatic return to the stock market on Thursday with what is set to become the world's largest share offering less than a year and a half after emerging from bankruptcy.
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