An investment arm of Goldman Sachs is in talks with Chinese car maker Geely Automotive, which has been linked with both Volvo and Opel, to buy about $250 million of the company's convertible bonds and warrants, two sources said.
Oil fell by more than 3 percent to below $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
European companies outnumbered North American companies on a list of how well global corporations were disclosing their emissions of greenhouse gasses and plans to guard themselves against financial risks associated with climate change, a survey showed on Monday.
Volkswagen's (VOWG.DE) premium unit Audi (NSUG.DE) expects to reach its unit sales target for China two years earlier than previously planned, Audi's head of sales told industry publication Automobilwoche.
Pressure Grows on BofA; Dell Acquires Perot; Global Stocks Slip
Oil fell by more than 2 percent to $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
A united Korea -- combining Asia's fourth biggest economy with one of its poorest -- could surpass that of Germany or Japan in economic might in the next 30-40 years, U.S. investment bank Goldman Sachs said on Monday.
Violence and unrest instigated by separatists agitating for an independent Xinjiang have hit economic development hard in the far western Chinese region, a government policy paper said on Monday.
Oil fell by almost 2 percent toward $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
China has quietly eased restrictions on its citizens traveling from Guangdong province to Macau, sending casino stocks soaring on Monday as industry executives bet on record October earnings in the world's hottest gambling market.
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.7 percent at 4:18 a.m. EDT.
Asian stocks eased on Monday, pulling further away from 13-month highs hit last week, as investors worried prices may have raced too far ahead of economic fundamentals, with shares in China feeling supply pressures ahead of a string of IPOs.
Asian stocks eased on Monday, pulling further away from 13-month highs hit last week, as investors worried prices may have raced too far ahead of economic fundamentals, with shares in China feeling supply pressures ahead of a string of IPOs.
Oil prices fell below $72 a barrel in thin trading on Monday, pressured by easing Asian stocks and comments by Asia's No. 1 refiner Sinopec that diesel demand China had not completely recovered.
Kevin Rudd's energies at this week's G20 summit in Pittsburgh are likely to focus on exit strategies from the GFC-fighting government interventions of the past year and the global financial regulation.
An investment arm of Goldman Sachs Group is in talks with China's biggest privately-owned car maker Geely Automotive to buy about $250 million of the company's convertible bonds, two sources said.
U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.
An investment arm of Goldman Sachs Group is in talks with China's biggest privately-owned car maker Geely Automotive to buy about $250 million of the company's convertible bonds, two sources said.
U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.
U.S. President Barack Obama begins his biggest week yet on the world stage, facing pressure for results on an agenda of rekindling Middle East peace talks, tackling climate change and reshaping financial regulations.
He gained fame as one of China's best dancers and was at the center of an international crisis, but the real story of Li Cunxin may never have been told if it had not been for Li sitting down to write it.
Verenex Energy Inc, a Canadian oil producer focused on Libya, said on Friday it had entered into an agreement to be bought by a Libyan sovereign wealth fund, after the collapse of a deal reached with China.
