G20 Support builds for rebalancing world economy
Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold. Read Full Article here.
Ford launches small car in India; sees U.S. market upturn
Ford Motor Co will start production of a small car in India early next year, and its chief executive said the U.S. market had was showing signs of recovery and he expected industry sales to rise in the next two years. Read Full Article here.
U.S. home loan demand at highest since late May
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday. Read Full Article here.
Nonresidential building index at 3-month low
A leading indicator of U.S. nonresidential construction spending dropped to its lowest level in three months in August as developers continued to find it tough to finance new projects. Read Full Article here.
Europe orders more Airbus sensor checks
European safety officials have ordered checks on certain Airbus speed sensors supplied by U.S. manufacturer Goodrich, weeks after clamping down on alternative equipment from France's Thales. Read Full Article here.
Wynn puts focus on gaming ahead of Macau IPO
Forget the shows, buffets, show girls and cigar bars. As it prepares for a $1.6 billion initial public offering for its casino operations in the Chinese gambling enclave of Macau, U.S. gaming giant Wynn Resorts has figured out what Asian punters want and is giving them plenty of it: Good old-fashioned gambling. Read Full Article here.
India urges G20 to shun protectionism, U.S. pushes plan
India's prime minister called on Group of 20 nations on Wednesday to send a strong warning against protectionism this week as world leaders seek to shore up a tentative global recovery and prevent future economic crises. Read Full Article here.