Asian automakers grabbed their biggest chunk ever of the U.S. car and truck market in 2009, but they’ll struggle to build on that momentum this year as rivals in Detroit offer a fleet of efficient, small cars.
Archive for the 'World Economy & News' Category
Asian markets were mixed Tuesday as investors held back ahead of a slew of earnings and oil tumbled below $82 a barrel, knocking commodity stocks.
President Barack Obama is weighing a levy on financial institutions to help recover shortfalls in a $700 billion bank bailout fund and to help balance a budget that is looking increasingly grim amid an ongoing economic crisis.
Oil prices jumped above $83 a barrel Monday in Asia amid signs of strong Chinese demand for crude and a weakening U.S. dollar.
Heineken NV said Monday it will buy the beer-making operations of Mexico’s Femsa in an all-share deal that values the maker of Dos Equis, Tecate and Sol beers at $5.5 billion , excluding debt.
Investors battered shares of Arabtec Holding on Sunday after the Dubai construction giant, which helped build the world’s tallest tower, agreed to sell a controlling stake to a state-run investment fund in neighboring Abu Dhabi.
Americans would see only a modest rise in health care costs under the Senate’s plan to extend coverage to 34 million people who currently go without health insurance, government economic experts say in a new report.
Unknown gunmen attacked a Chevron Corp. crude oil pipeline running through Nigeria’s restive Niger Delta, a new sign of violence in a region supposedly brought under control by a government-led amnesty program, officials said Saturday.
The Senate’s plan to expand health coverage to 34 million more Americans would raise costs slightly, government economic experts said in a report Saturday.
A disappointing jobs report couldn’t stop the stock market from having a strong start to the new year. Stocks zigzagged for much of Friday but closed higher as investors took in stride the Labor Department’s news that employers cut 85,000 jobs in December, far more than the 8,000 analysts expected.
Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
Hopes to keep Swedish car company Saab alive flickered Thursday as Dutch exotic automaker Spyker Cars made another bid to buy the troubled brand from General Motors, but a person briefed on the dealings said GM remains skeptical that Saab can be saved.
Investors’ cautious optimism about the job market gave stocks a modest lift Thursday, one day before the government’s report on December employment.
A group representing business travelers is opposing the proposed tie up between Delta Air Lines and money-losing Japan Airlines as bad for competition.
Most Asian stock markets fell modestly Thursday as mixed reports about the U.S. economy dented confidence in the global turnaround.