Young Chinese millionaires are heading to Canada, The New York Times reports. » Read More
The U.S. is becoming one of the lowest-cost countries for manufacturing in the developed world, indicating a renaissance of the goods-producing sector.
European shares closed down on Friday, ending the week with a slight loss, after a choppy trading session which saw Rolls Royce and Daimler drag European bourses lower following analyst downgrades.
European shares closed lower on Thursday with investor confidence curbed by a mixed bag of earnings from major companies and concerns about slowing growth in China.
European shares closed narrowly higher on Friday, having pared gains when mixed economic reports from the U.S. did little to soothe concerns about an imminent end to the Federal Reserve's bond buying program.
British carmakers Rolls-Royce and Bentley will unveil new vehicles at the Geneva Motor Show next week, joining battle in the fast-growing luxury end of the market on behalf of their German owners.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
In London, surprisingly robust sales of Lamborghinis and Ferraris depend on mass-market techniques as the super-rich spend less freely.
Lockheed Martin Corp's new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.
European shares ended flat Friday following a pair of mixed economic reports from the U.S., while Germany's lowered growth outlook put a damper on gains.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
Nov 1- United Airlines is mulling upgrading some of its Airbus A350 orders to the largest member of the European aircraft family in a possible setback for Boeing Co's 777 mini-jumbo, industry sources said.
*UBS raises Barrick Gold target price to $52 from $46; rating buy. *UBS raises Rainy River Resources Ltd price target to C $7 from C $6;. rating buy* UBS raises Centerra Gold target price to C $17 from C $15.5; rating buy.
*Alstom took advantage of window of opportunity- CEO. PARIS, Oct 4- Alstom's chief executive ruled out more cash calls, following its 350 million euros capital hike this week, in a bid to ease investors' concerns over its balance sheet.
Oct 2- General Electric Co is calling for a new round of inspections by airlines on its new GEnx engine on Boeing Co aircraft, with a focus on the section of the engine that failed on a 747-8 freighter in Shanghai last month.
Western companies choosing a brand name in China now rely on consultants and linguistic analyses to ensure that consumers are attracted rather than amused or even repelled. The NYT reports.
The market for luxury goods has come back with a bang in the past couple of years, despite volatility elsewhere in the market.
Stock index futures pointed to a lower open for Wall Street on Monday following European markets down at the start of a week which sees the wave of earnings reports slow down as investors focus on a meeting of G-20 leaders which will address currency policies.
Boeing says one of its 787 test airplanes had some maintenance trouble during its first flight and the pilot chose to land the plane early.