Dueling Autos in India; Threat to Walk Away; Japan Bank Raising Cash
Airbus set itself on a possible collision course with the German government on Tuesday by signaling it was ready to walk away from a delayed 20 billion euro military plane project in a row over costs.
Chinese manufacturing grew at its fastest pace on record in December, data showed on Monday, while U.S. factories marked their best month in nearly four years, suggesting more improvement in the world economy.
German industrial conglomerate Robert Bosch sees sales at its core car parts business rising by a tenth in 2010, on growth in emerging markets and as carmakers build up inventory, a senior official said on Monday.
Iran postponed a visit by members of the European Parliament on Monday, but the EU delegation said it had canceled the visit because Iran had blocked meetings with opposition figures.
Economic Indicators in Germany from January 4
Financial markets were upbeat on the first trading day of 2010 on Monday, with Asian stocks hitting a 17-month high and the U.S. dollar up against major currencies on hopes U.S. job figures this week will reflect a sustained economic recovery.
German carmakers will gain market share by producing more smaller vehicles, even as competition in the global auto industry intensifies, the head of Germany's VDA automotive industry association said in an interview.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday for the last trading session of the year, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.1 percent at 3.48 a.m. ET.
General Motors unit Opel said new registrations of its cars rose to the highest level in four years in 2009, when government-backed scrapping incentives bolstered a floundering European auto industry.
Technology exists that might have detected explosives hidden in the underwear of a Nigerian man accused of trying to blow up a plane over Detroit, but cost and privacy worries have until now prevented its widespread use.
Dutch ING, which is splitting up its bank and insurance arms, will sell its stake in Chinese insurer Antai to China Construction Bank (CCB) as part of its ongoing restructuring programme.
Russia's Nord Stream gas pipeline project received a boost Monday as Germany issued permission for the construction in its exclusive economic zone. The permission was issued by Germany's Federal Maritime and Hydrographic Agency in Hamburg. Earlier, Germany permitted the construction of the Nord Stream gas pipeline in its territorial wasters.
Oman has awarded a refinery supply contract worth 31 million rials ($80.5 million) to Germany's Grace, a tender board official said on Monday.
Japanese shares hit a four-month high, leading gains in Asian stocks on growing investor optimism about the global economy, while the U.S. dollar held firm against the yen and euro.
Airports and airlines across Europe moved rapidly to tighten security on U.S.-bound flights on Saturday after a man tried to set off explosives on a plane flying from Amsterdam to Detroit.
Thousands of saffron-robed Thai monks chanted and prayed for victims of the Indian Ocean tsunami on Saturday as Asia marked the fifth anniversary of one of history's worst natural disasters.
Thousands of Christians crowded into Bethlehem on an unseasonably warm Thursday evening, before celebrating Christmas midnight mass in the Church of the Nativity at the birthplace of Jesus.
A survivor of the Nazi death camp at which John Demjanjuk is accused of helping to kill 27,900 Jews recalled in court on Tuesday losing his wife after a three-day train journey to the extermination center.
The U.K.'s competition regulator reversed its initial findings on the merger of Ticketmaster and Live Nation, saying it considered new evidence and arguments to conclude that the combined company will not result in a substantial lessening of competition in the markets for live music ticket retailing, promotion or venues.
Israeli Prime Minister Benjamin Netanyahu held marathon talks with cabinet ministers on Monday but without any announcement for a prisoner swap with Gaza's Hamas rulers to secure the release of a captured soldier.
Pope Benedict's decision to move his controversial wartime predecessor Pius XII closer to sainthood has put a cloud over his planned visit next month to Rome's synagogue, with some fearing it risks being cancelled.
