Ford and the UAW have reached a tentative deal on modifications to a 2007 labor agreement. Ron Gettelfinger, president of UAW International, discusses the deal with CNBC.
Japanese cabinet ministers are putting pressure on the Bank of Japan urging it to respond to deflation. "We've had a very contractionary fiscal policy combined with a contractionary monetary policy and that's really beginning to show now," Lisa Fox from Japaninvest said Tuesday.
City Telecom is a broadband provider in Hong Kong after launching in 1992 as an international calling-card company. It now adds more than 40,000 new customers every 6 months. NiQ Lai, CFO of City Telecom, told CNBC their goal is to "become the largest IP service provider in Hong Kong by 2016."