Ford Motor Co and China's Geely are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
Just days after countries agreed to a last minute agreement at the UN climate talks in Copenhagen, accusations are beginning to fly over who was responsible for what many consider a poor agreement.
Next year will be crucial for global nuclear non-proliferation efforts and all eyes will be on the United States and Russia to see if the two top atomic powers can reach a deal to reduce their arsenals.
Commercial Metals Co (CMC.N) posted a first-quarter loss, hurt by lower steel demand and prices at its Americas fabrication and distribution segment, and expects the second quarter to be in line with the current quarter's results.
China CNR Corp (601299.SS), one of the country's two big train makers, has priced its A-share initial public offering at 5.56 yuan a share, the top of an indicated range, raising 13.9 billion yuan ($2.04 billion).
Fiat may offer to raise car production in Italy 50 percent when it holds preliminary talks with the government on Tuesday, in return for tax breaks on some car sales and possible help in reducing labour costs.
China condemned claims ascribed to Britain's climate change minister that it had hijacked negotiations in Copenhagen, saying on Tuesday the accusations were an attempt to sow discord among poor countries.
When A-Power Energy Generation Systems secured a deal to supply turbines for a U.S. wind farm project in October, the little-known Chinese firm had an ace up its sleeve to help it clinch the deal.
China has issued new Internet regulations, including what appears to be an effort to create a whitelist of approved websites that could potentially place much of the Internet off-limits to Chinese readers.
France will continue to use data stolen from a Geneva private bank in its drive against tax evasion, its budget minister said on Tuesday, a day after French officials agreed to return the client lists to Switzerland.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.28 percent, Dow Jones futures up 0.27 percent and Nasdaq 100 futures up 0.51 percent at 3:40 a.m. EST.
Oil held steady on Tuesday ahead of an OPEC meeting, with the firmer dollar countering an expected fall in crude and distillate inventories in the United States along with the sustained strong demand in China.
The Britain's climate change secretary Ed Miliband said Monday that China had led a group of countries that hijacked the negotiations, admitting that Copenhagen summit failed to achieve what had been hoped for.
U.S. lawmakers face an uphill battle enacting a climate bill in 2010 that includes a cap-and-trade market in greenhouse gases, after this month's U.N. meeting in Copenhagen failed to hammer out a global pact on emissions cuts.
European carbon prices crashed by almost 9 percent on Monday after UN climate talks ended on Saturday with a bare-minimum agreement between after the U.S., China and a few other emerging powers that falls far short of the conference's original goals.
Behind the scenes negotiating by major economies in Copenhagen to agree a climate accord may be a model for how to
The World Trade Organization set up a panel on Monday to rule on complaints by the United States, European Union and Mexico about Chinese curbs on exports of raw materials important to their own industries.
The benchmark contract for European Union carbon emissions futures closed at a six-month low on Monday, having fallen as much as 9 percent in intra-day trade after a weak U.N. climate deal disappointed investors.
BHP Billiton (BHP.AX) may quit the nickel business as early as next year after selling two major nickel divisions in four months, though it still produces more than a tenth of the world's nickel in Australia and Colombia.
The CFM International aero-engines joint venture of French group Safran and General Electric has won a multi-billion dollar deal to supply engines for China's future C919 plane, Safran said on Monday.
Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.07 percent at 0845 GMT (3:45 a.m. EST).
French aerospace group Safran and U.S. conglomerate General Electric have won a multibillion dollar deal to provide the motor for China's new C919 plane, Safran said on Monday.
