Wednesday, April 25, 2007

Asian Stocks Rise, Led by BHP on Oil, Metals Prices; Honda Gains on Profit

(Bloomberg) -- Asian stocks rose the most in a week as higher crude oil and metals prices drove commodity producers' shares higher and companies including Honda Motor Co. reported improved earnings.

BHP Billiton Ltd., the world's biggest mining company and Australia's largest oil explorer, advanced for a fourth day. Baoshan Iron & Steel Co., China's No. 1 producer of the alloy, led steelmakers higher after announcing profit more than doubled, while Honda was set for its biggest jump in three weeks after reporting earnings that beat analyst estimates.


Read more at Bloomberg Stocks News

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