Toyota Motor Corp said on Monday it aimed to sell 700,000 vehicles in China next year, up 46 percent from the year before, after raising its China sales target for 2007 by nearly 12 percent, buoyed by hot-selling models.
The yen strengthened on Monday, as investors' appetite for risk was dented by worries of more trouble in the global financial sector and consequent falls in equity markets.
World stock markets fell on Monday, with European shares slipping into losing territory for the year in another tremor over the credit crunch, while Japan's yen gained as investors cut back on their riskier holdings.
The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in U.S. financial services firms affected by the mortgage-market crisis.
Minneapolis Federal Reserve Bank President Gary Stern said on Monday he expected the U.S. housing market to weaken further because of a large pool of unsold homes. But employment and incomes were still rising, Stern said, and that would underpin consumption.
PayPal, the payments service arm of online auction leader eBay Inc, is set to release on Tuesday a convenient way for its customers to make payments on Web sites that don't accept PayPal directly.
Goldman Sachs & Co analysts downgraded Citigroup to sell and said the largest U.S. bank may have to write off $15 billion for debt losses over the next two quarters, and it placed it on Americas Sell List. The report came after Citigroup's own chief strategist upgraded the nation's banking sector, calling selling pressure overdone.
Stock futures fell on Monday after Goldman Sachs added Citigroup Inc to its sell list, citing prospects for more credit losses at the No. 1 U.S. bank.
U.S. officials' effort to talk up the dollar comes amid lower expectations in financial markets
Grieving survivors and rescuers picked through the rubble left in the wake of a cyclone that battered Bangladesh as the death toll reached over 2,300 on Sunday and a government official declared the disaster a national calamity.
At least 17 people were killed by explosions in Baghdad and other Iraqi cities on Sunday, Iraqi police and officials said.
Oil extended gains on Monday, nearing $95 a barrel as the dollar fell and some OPEC members pushed for action to stem their declining purchasing power.
U.S. light vehicle sales industrywide were likely to slip below 16 million vehicles next year as the housing market continues to slow through 2008, billionaire investor Wilbur Ross said on Sunday.
AT&T Inc is trying to put together a bid for EchoStar Communications Corp before the end of the year, whetted by the satellite operator's recent stock dip, according to Barron's financial newspaper.
An OPEC summit ended on Sunday in sharp political division over whether to take action over the weak dollar, as heads of state vowed to keep providing Western consumers with an adequate supply of oil.
Three top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years. The weakest forecast is for a possible 9.4 percent decline. But all three -- Jerry York, an adviser to billionaire investor Kirk Kerkorian; financier Wilbur Ross; and Thomas Stallkamp, a former Chrysler president -- were more pessimistic than many in the battered industry.
Asian stocks made a cautious advance on Monday following a recovery on Wall Street, with gains for oil prices shoring up demand for energy shares.
NEW YORK, Nov 16 (Reuters) - U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.
U.S. stocks are likely to be volatile next week in trade thinned by the Thanksgiving holiday, with investors focused on an expanded look at the Federal Reserve's view of interest rates and the economy.
Abu Dhabi's Mubadala Development Co said on Friday it had bought 8.1 percent of U.S.-based Advanced Micro Devices Inc, the second-largest maker of computer processors.
The State Department's top investigator and his brother will both be asked to testify to a committee of Congress about the brother's link to the Blackwater security firm, the committee announced on Friday.
Governments must do more to fight global warming, spurred by a new U.N. scientific report and damage to nature that is already as frightening as science fiction, U.N. Secretary-General Ban Ki-moon said on Saturday.
