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Nissan Q1 profit down 10 pct as quake hits output

Nissan Motor Co <7201.T> reported a 10 percent fall in quarterly operating profit on Wednesday as a shortage of parts after the March 11 earthquake peaked during the quarter and slashed vehicle production.

Daimler revenues disappoint

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German car and truck maker Daimler's second quarter revenues fell short of expectations, indicating that demand for cars in emerging markets may be starting to cool.

China should make real deposit rates positive: C.bank adviser

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China should gradually make real bank deposit rates positive and continue to use open market operations and bank reserve requirements to slow money supply, an academic adviser to the People's Bank of China said in comments published on Wednesday.
A gold bar carrying the Euro sign

Gold flat after hitting record

Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.
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A fake Apple store in Kunming, China.

Chinese Officials Start To Shut Down Fake Apple Stores

The most recent fake store in Kunming, China was stumbled upon by a 27-year-old American blogger living in the city, the capital of China's mountainous southwestern Yunnan province, complete with the white Apple logo, wooden tables and cheery staff claiming they work for the iPhone maker, while the Chinese government has launched an investigation into fake Apple stores that have popped up around the southwestern city of Kunming.
A high speed bullet train runs past a railway bridge as workers use cranes to lift a wrecked carriage

China launches safety campaign after deadly train crash

China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway operations and apologised for the accident which killed 39 people, state media reported on Tuesday.
Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,

South African strikes to spread to gold sector

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
Gold steady below record; debt talks eyed

Gold steady below record; debt talks eyed

Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.
Manned submersible Jiaolong

Chinese Submarine Aiming for Record Deep-Sea Dive

China?s State Oceanic Administration said that the Jiaolong submarine, 8.2 meters long, weighing 22 tons and carrying a three-man crew, reached a depth of 5,057 meters (about 16,500 feet) Tuesday morning, spending over six hours underwater.
The French TGV High Speed Train

The World's Most Impressive High Speed ?Bullet? Trains

The European Union defines High speed trains, also called Bullet trains for their appearance, with a speed limit of up to 250 kilometers per hour; while in the United States, Federal Railroad Administration identifies speed above 177 kilometers per hour for high speed trains.
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WTO's Lamy sees paralysis in global trade talks

The head of the World Trade Organization castigated its 153 members on Tuesday for failing to agree a watered-down global trade deal by December, and called for an adult conversation over what to do next.
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UPS profit up, keeps outlook despite economy

United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.
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Nissan to invest $7.8 billion in China by 2015

Nissan Motor <7201.T>, the largest Asian automaker in China, plans to invest 50 billion yuan ($7.8 billion) there by the end of 2015, as it accelerates its expansion in the world's largest auto market.
Copper concentrate supply to China seen up on Oyu Tolgoi

Copper concentrate supply to China seen up on Oyu Tolgoi

Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.
Nissan says aims to nearly double China sales by 2015

Nissan says aims to nearly double China sales by 2015

Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.
The Chilean rescued miners and members of their rescue team pose in front of the Phoenix 2 capsule that was used in the rescue of the 33 trapped miners at La Moneda government palace in Santiago

Mike Medavoy making movie about Chilean miners

The Chilean miners who were trapped underground for 69 days last year have sold their life rights to producer Mike Medavoy, who will begin production on a movie about the 33 men this year.
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Baidu sees strong third quarter on China ads

China's top search engine Baidu Inc forecast revenue well ahead of Wall Street's expectations as large advertisers increased spending, sending its shares up around 7 percent.

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