Citigroup Inc may give control of its Phibro commodities business to Andrew Hall, the energy trader making headlines for demanding a $100 million payday under his contract, The New York Times said on Thursday, citing a person with knowledge of the negotiations.
China will spend more than 15% ($88 billion) of the country's 4-trillion-yuan ($586 billion) stimulus package on cutting carbon emissions by the end of 2010, China's chief climate change negotiator said on Wednesday.
General Motors has made little progress in resolving the key issues holding up a sale of its Opel operations to a consortium led by Magna, the U.S. carmaker's chief negotiator on the deal said on Thursday.
Germany's Volkswagen AG (VOWG.DE), Europe's biggest automaker, plans to produce 1 million vehicles in Brazil by 2012, 39 percent more than in 2008, Valor Economico newspaper said on Thursday, citing a senior company executive.
Danish drugmaker Novo Nordisk reported forecast-beating second-quarter profit and raised its guidance but disappointed investors by not giving more solid news on the U.S. approval process for its new diabetes drug.
A federal appeals court has upheld a previous ruling that pharmaceutical giant Bayer Schering's U.S. patent for its Yasmin oral contraceptive is invalid, opening the way for Barr Laboratories Inc to sell a generic version.
General Motors Co and Magna International Inc have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
Mahmoud Ahmadinejad was sworn in as Iran's president on Wednesday in a ceremony boycotted by reformist leaders and parliamentarians and marred by street protests over his victory.
General Motors and Magna have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.
Deutsche Bank is in talks to take a minority stake in Sal. Oppenheim that could eventually lead to a take over of the embattled private bank and herald further consolidation in Europe's wealth management industry.
Mahmoud Ahmadinejad was sworn in as Iran's president Wednesday in a ceremony boycotted by reformist leaders and parliamentarians and marred by street protests over his victory.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
Investors are banking on fresh government incentives in the United States and China to help pull the solar sector out of its slump, but it will be next year before demand from those markets even begins to make a dent in the global glut of solar panels.
Mahmoud Ahmadinejad will be sworn in as Iran's president on Wednesday after a disputed re-election that has exposed a deep schism in the clerical establishment.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
General Motors and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said on Tuesday.
U.S. carmaker General Motors [GM.UL] and German officials began a fresh round of talks on Tuesday to try to narrow their differences on which bidder they want to take control of its Opel unit.
Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
German Deputy Economics Minister Jochen Homann said on Tuesday that German officials and General Motors had made significant progress in talks over the sale of the U.S. carmaker's Opel unit.
General Motors is taking more time to negotiate with Magna and RHJ International over the planned sale of its European arm Opel, the U.S.-based company said on Tuesday.
Prominent defeated presidential candidate Mehdi Karoubi on Tuesday vowed to keep up pressure on President Mahmoud Ahmadinejad whose re-election sparked off Iran's worst unrest since the Islamic Revolution of 1979.
Somali pirates freed a German ship seized in April on Monday after receiving a ransom and a Malaysian-owned tug boat has also been released after being held for more than seven months.
