The United Auto Workers healthcare trust on Tuesday plans to auction Ford Motor Co stock warrants for at least $1.27 billion, capitalizing on the automaker's share price rise to fund its retiree plan.
China's Zhejiang Geely Holding Group has lined up total financing of $2.7 billion to back its purchase of Ford Motor's Volvo car unit, sources said on Monday.
In a significant development, BRIC nations, (Brazil, Russia, India, China) agreed to combat hunger and boost efforts to promote food security. Agriculture ministers of BRIC on Friday signed a global food security declaration here and also agreed to pool resources to combat famine that affects more than a billion people globally.
China National Textile and Apparel Council on Monday said any appreciation in the yuan will deal a heavy blow to China's powerful textile sector. In a report, China's leading textile industry association said there might be massive bankruptcies in the industry if the currency were to strengthen again.
Four Rio Tinto employees who were based in Shanghai were convicted on charges of receiving bribes and obtaining commercial secrets by Shanghai Number One Intermediate Court, Rio Tinto informed in a press release. Rio Tinto said it is unable to comment on the charge regarding obtaining commercial secrets as it has not had the opportunity to consider the evidence. That part of the trial was held in closed court and no details of the case were made public until the verdicts and sentences were annou...
Gold is glittering in China, the largest producer and second biggest consumer of the yellow metal in the world. There is a gold buying frenzy across China that the yellow metal is becoming the best investment bet in the country.
Socks gained on Monday as debt-stricken Greece launched a sovereign bond issue, easing worries about its problems, while investors were hopeful about key jobs data later this week.
By Matt Isaacs and Reuters staffLate last autumn, a Hong Kong jury convicted four men of a conspiracy to commit bodily harm and a fifth of soliciting a murder.
Wall Street was poised for a higher open on Monday as Greece launched a sovereign bond issue, easing concerns about the country's debt problems, while investors were optimistic about key jobs data later this week.
Stock index futures gained on Monday as Greece prepared to test demand for the battered country's debt and investors shifted focus to key jobs data later this week.
Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability.
A Chinese court sentenced four Rio Tinto employees to 7 to 14 years in jail on Monday for taking bribes and stealing commercial secrets, a verdict the Australian government called harsh.
U.S. stock index futures gained, pointing to a firmer start for Wall Street on Monday. Futures for the Dow Jones, the S&P 500 and the Nasdaq Composite were up 0.4 to 0.6 percent by 4.09 a.m. ET.
The euro rallied further on Monday from 10-month lows, buoyed by a burst of short-covering as the quarter draws to an end, while Chinese shares hit two-month highs as investors welcomed the launch of a futures index.
A Chinese court will deliver a verdict on Monday against four Rio Tinto employees accused of accepting bribes and stealing commercial secrets in a case closely watched by foreign investors and the huge domestic steel industry.
China's annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month.
The Aussie dollar finished the week near its lows at 0.9030 after dropping to the psychological 90 cent level during Friday's offshore trade.
To get accurate projections for Intel Corp , Wedbush Morgan analyst Patrick Wang often finds himself hopping on a plane to Asia.
China's consumption of aluminium and zinc soared in February which will impact the global prices. Following this market analysts said the prices of zinc and aluminium will witness a rise in the coming days. China's output of primary aluminum reached 1.31 million tonnes during February up 46 KT MoM. Imports of primary aluminum were 19,171 tonnes in February, while exports were 4,739 tonnes with net imports reaching 14,432 tonnes down 16,498 tonnes MoM. SHFE aluminum inventories grew by 36 KT in F...
Doctors from China have proven that bee therapy create significant results to cure bone and joint diseases.
Canada will press the Group of Eight leading industrialized nations to tighten United Nations sanctions on Iran when it hosts a meeting of foreign ministers from the grouping on Monday and Tuesday.
Zhejiang Geely Holding Group, China's largest private-run car maker, agreed on Sunday to buy Ford Motor's Volvo car unit for $1.8 billion, the country's biggest overseas auto purchase.
