IBT Staff Reporter

Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.

Japanese carmakers are considering following Toyota Motor's lead in adopting a brake override system that would potentially address all sources of unintended acceleration, including driver error.

Iran said on Tuesday it hoped China would not give in to pressure to agree to new sanctions that the United States and its allies hope to win U.N. approval for over its nuclear program.

A driver who was traveling on a highway outside the San Diego, California area said his Toyota Prius accelerator pedal stuck when he tried to pass a slower vehicle and speeded up to 94 mph, CNN reports.

Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors from Germany's Daimler AG according to data on the Bombay Stock Exchange website.

No political party has enough support to win outright control of parliament in the forthcoming election, raising the prospect of a period of unstable minority government, opinion polls showed on Tuesday.

German luxury carmaker BMW sees a definite upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.

European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labour market that were introduced to fight the economic crisis, a draft statement showed on Tuesday.

Experts maintained stable outlook for oil & gas and base metal industry. However, the long term outlook for thermal coal is positive, with 220 GW of coal-fired electricity generation capacity expected to come online over the next 5 years, requiring over 750 Mt of coal. The outlook for oil and gas prices remains broadly unchanged, with oil prices still expected to rise. Oil prices have hovered around USD 70 per barrel for the past three months. This relative stability at an economically viable le...

Vice President Joe Biden assured Israel on Tuesday of Washington's commitment to its security and preventing Iran from producing nuclear weapons.

At a time when jewellery retailers and gold buyers are crying foul over the increase in import duty on gold and silver, there is a surprise element for jewellery makers which will make them happy. While presenting the Budget, India's finance minister Pranab Mukherjee said import duty on gold and platinum will go up from Rs 100 to Rs 300 per 10 gm.

The U.S. stock market is slightly down Tuesday morning as rating agencies published concerns about Portugal and the U.K.

Has the consumer behaviour towards spending money for buying gold and silver changed thanks to the surge in bullion prices in the last few months? Yes, consumer preferences for buying gold and jewellery items have drastifally changed thanks to the bullion price spike, says a study by Exim Bank, a government owned bank in India. According to the study by Exim Bank, increasing domestic demand, along with an anticipated pick-up in exports, is likely to drive growth of Indian jewellery market in the...

Sanofi-Aventis and Merck agreed to reforge ties in animal health, combining the French drugmaker's Merial unit and Merck's Intervet/Schering Plough to take the top spot in the $19 billion market.

Anheuser-Busch InBev is likely to buy the 50 percent it does not own of Mexican brewer Grupo Modelo this year for around $10.8 billion, said broker Evolution Securities.

New York area drugstore chain Duane Reade Holdings Inc posted a smaller quarterly operating loss and improved margins, while its net loss widened on charges.

Marsh & McLennan Cos Inc has put up its security consulting business Kroll up for sale for $1.3 billion and received offers from several major private equity firms in the first round of bidding

The yen gained across the board on Tuesday as most world equity markets fell, illustrating a rise in risk aversion as investors moved into the low-yielding Japanese currency. Appetite for risk had been boosted by Friday's better-than- expected U.S. employment report, pushing the yen down to two-week lows versus the euro and the dollar.

Burger King Holdings Inc expects lower third-quarter revenue and restaurant margins in the U.S. and Canada.

Chevron Corp , the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.

The elimination of mother-to-child transmission of HIV -- the virus that causes AIDS -- is within reach by 2015, the Global Fund To Fight AIDS, Tuberculosis and Malaria said.

Stock index futures pointed to a modestly lower open on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.

Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.

World stocks slipped on Tuesday from the previous day's six-week high and oil fell nearly 2 percent, while the yen rose broadly as investors grew cautious after a recent rally in riskier assets.

U.S. stock index futures fell on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.

Stock index futures fell on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.

U.S. stock index futures fell on Tuesday as commodities weakened ahead of a report expected to show another increase in crude oil inventories, a bearish sign for demand in the world's largest energy consumer.

Rania OteifyThe federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said on Tuesday.

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.36 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.23 percent at 1049 GMT (5:49 a.m. ET).