Nissan Motor Co recalled Infiniti G35 sedans and coupes affecting as many as 134,000 cars due to a connector that could cause airbags not deploy during a crash, U.S. regulators said on Tuesday.
Optimism about the recovering U.S. economy failed to spill over into European stock markets on Tuesday as investors remained jittery about whether Greece's aid package will work.
The dollar rose on Tuesday as U.S. data showed factories running at their fastest pace in nearly six years, but stocks gains were reined in by worries about Greece's bailout and China's policy tightening.
The dollar inched up on Tuesday, boosted by strong U.S. data indicating the world's largest economy was on the mend, but worries about Greece's bailout and China's policy tightening curbed earlier gain in Asian shares.
India's recent decision to raise the duty on iron ore lumps will rein in export of the commodity further. The government last week increased the export duty on iron ore lumps to 15% from 10% to discourage exports and improve raw material availability for local steel mills. India's iron ore lump exports was around 11 million tonnes in 2009-10 and declined by 28% in the past four years from a peak of 15.3 million tonnes in 2006-07.
World oil prices followed gold towards south in Asian trade Tuesday after hitting a 19-month high on positive economic news overnight. The black gold dropped below $86 a barrel mark mainly on a strong dollar against major currencies amid rise in US crude and fuel stockpiles. Light sweet crude for June was seen trading at $85.81 a barrel at 11.30 a.m Singapore time while Brent crude was at $88.61 a barrel at the same time in London.
Bullion and precious metal investors heaved a sigh of relief this week, following the decision of EU and IMF to bail out debt-ridden Greece. In fact, the Greek tragedy and the cascading impact on other European nations had hit the bullion market and palladium and platinum prices. With the Greek tragedy threatening to spread to other nations like Spain and Portugal, gold prices became unpredictable for investors and even the demand for platinum group metals (PGMs) showed a decline fearing that th...
Three greenfield International Exchanges of Financial Technologies Group, a leading global player in creating next-generation financial exchanges and ecosystem ventures, will be going live in 2010. SMX (Singapore Mercantile Exchange) will go live in August 2010, GBOT (Global Board of Trade, Mauritius) in September 2010 and BFX (Bahrain Financial Exchange) in October 2010.
The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
The euro sank nearly 1 percent on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.
Finance ministers from east Asian countries on Sunday cited rising global asset prices and inflationary pressures and sovereign debt risks' possible impact on capital inflow as the key risks facing their economies.
China reaffirmed on Sunday its resistance to pressures to let the yuan CNY=CFX rise sharply, dismissing arguments that its foreign exchange policy was mainly responsible for the country's trade surplus.
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers increased spending at the fastest pace in three years, the strongest sign yet a sustainable recovery may be taking hold.
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, the strongest sign yet a sustainable recovery is taking hold.
Warren Buffett may be the world's most famous investor, but even he doesn't get everything right.
Nissan Motor Co said on Thursday it is on track to book 25,000 U.S. orders for its Leaf electric vehicle by the end of the year and the automaker will be making money on the green car.
U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and as investors awaited a deal to bail out debt-ridden Greece.
U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and investors awaited a deal to bail out Greece.
A dynamic model was used to make coffee projections. It covers the major exporting and importing countries of green coffee. Supply, demand and stock functions were estimated for each of the major exporting and importing countries. The model performs dynamic simulation forward in time and generates forecasts on the basis of assumptions for the future behaviour of GDP, consumer price indices and exchange rates.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, as sovereign debt worries in the euro-zone soothed, while investors awaited the advance reading of first-quarter gross domestic product.
