Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.» Read More
CAPE TOWN, May 21- A two-day wildcat strike at a Mercedes Benz plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of labour unrest in factories alongside turmoil in the mines.
Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.
TOKYO, May 21- Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilise or recover ground, rather than continue a slide that will increasingly raise their costs.
LOS ANGELES, May 20- In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp..
After 123 days being grounded and then repaired to ensure its battery systems do not catch fire, Boeing 787 Dreamliners are about to once again make commercial flight in the United States.
TOKYO, May 20- Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with approval.
*Machinery data suggests companies are risk averse- analyst. *Hitachi up on higher operating margin forecast. TOKYO, May 17- The Nikkei share average edged down for a second day on Friday as caution over the recent steep gains continued to spur profit-taking while a pullback in Wall Street soured investor sentiment.
WASHINGTON-- U.S. factories likely increased their output in April after cutting back slightly in March, helped by another solid month of auto production. The Federal Reserve will report on April industrial production at 9:15 a.m. EDT Wednesday.
DETROIT-- Nissan Motor Co. and General Motors Co. have signed a deal for Nissan to build small commercial vans that GM will sell in the U.S. and Canada, the companies said Tuesday. The deal with Nissan also gets GM into the small commercial van market quickly to compete with Ford, said Charlie Klein, GM's executive chief engineer for global vans.
DETROIT, May 13- Recent improvements in rapport between automakers and their supply base stalled this year, a survey showed on Monday, with suppliers complaining about lack of communication, last-minute engineering changes and inconsistency in management.
Luxury electric automaker Fisker is on the verge of bankruptcy and now its Karma Sedan which once retailed for more than $100,000, are now going for cheap, with CNBC's Phil LeBeau.
The California EV manufacturer is promising even better numbers for the rest of the coming year as it ramps up production at its assembly plant near San Francisco.
*Stan Chart sheds 4.2 pct as Carson Block bets against group. It was the top faller on Germany's Dax index, down 0.5 percent at 8,240.73 points and the pan-European FTSEurofirst 300, down 0.2 percent at 1,230.97 points at 0800 GMT. "If falls below 8,200 I reckon we can see a further selloff," ETX Capital strategist Ishaq Siddiqi said.
TOKYO, May 13- Japan's Nikkei share average surged to a fresh 5-1/ 2- year high on Monday as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income.
TOKYO, May 13- Japan's Nikkei share average surged to a fresh 5-1/ 2- year high on Monday as the weakening yen further bolstered exporters, while brokerage shares attracted buyers as growing volume was expected to bring in more fee income. Strength in Wall Street on Friday also spurred buying after some upbeat earnings buoyed investor sentiment.
TOKYO, May 13- Japan's Nikkei share average surged to a fresh 5-1/ 2- year high on Monday as the weakening yen further bolstered exporters on hopes that they will raise their forecasts for the current year. Strength in Wall Street on Friday also spurred buying after some rosy earnings buoyed investor sentiment.
Unsafe cars, coupled with Brazil's often dangerous driving conditions, have resulted in a death rate from passenger car accidents that is nearly four times that of the U.S.
*ArcelorMittal, BT, Generali results beat expectations. LONDON, May 10- European equities scaled fresh five-year highs on Friday, bolstered by strong earnings numbers from steelmaker ArcelorMittal and telecoms group BT and expectations of continued central bank stimulus.
YOKOHAMA, Japan, May 10- Nissan Motor Co projected a 22.6 percent rise in net income for its current business year as the weakening yen allows Japanese carmakers to cash in overseas profits at more favourable rates.
Nissan posted a 46.1 percent rise in its quarterly net profit, as the weakening yen helps Japanese carmakers repatriate overseas earnings at a more favorable rate.