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  • A BMW Vision Future Luxury concept car is displayed at Auto China 2014 in Beijing
    Mercedes, BMW chase ultra rich clients with new high end cars

    Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. Ian … More »Mercedes, BMW chase ultra rich clients with new high end cars

    A BMW Vision Future Luxury concept car is displayed at Auto China 2014 in Beijing

    Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. Ian Robertson, BMW Group's board member responsible for sales and marketing said the car is being presented the Auto China …

  • A Lexus IS 250 is seen on an elevated display at the New York International Auto Show in New York City
    Lexus aloof from China production while Nissan, Honda step in

    By Yoko Kubota BEIJING (Reuters) - The head of Lexus, the premium brand of Toyota Motor Corp <7203.T>, said on Sunday an emphasis on quality had kept it from manufacturing in China. Unlike German peers … More »Lexus aloof from China production while Nissan, Honda step in

    A Lexus IS 250 is seen on an elevated display at the New York International Auto Show in New York City

    By Yoko Kubota BEIJING (Reuters) - The head of Lexus, the premium brand of Toyota Motor Corp <7203.T>, said on Sunday an emphasis on quality had kept it from manufacturing in China. Unlike German peers Audi, Volkswagen AG's luxury division and BMW , Lexus imports all of its vehicles sold in China, from Japan. But high …

  • The grille of the Cadillac Elmiraj concept car as the vehicle is displayed during the press preview day of the North American International Auto Show in Detroit
    GM to battle VW in China with $12 billion investment and new plants

    U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market. … More »GM to battle VW in China with $12 billion investment and new plants

    The grille of the Cadillac Elmiraj concept car as the vehicle is displayed during the press preview day of the North American International Auto Show in Detroit

    U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where …

  • Rousseff looks on during the inauguration ceremony for the South Pier of the Juscelino Kubitschek International Airport in Brasilia
    Brazil´s president also responsible for refinery deal: ex CEO

    Brazil´s President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil … More »Brazil´s president also responsible for refinery deal: ex CEO

    Rousseff looks on during the inauguration ceremony for the South Pier of the Juscelino Kubitschek International Airport in Brasilia

    Brazil´s President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday. Rousseff chaired the board of Petrobras in 2006 when it approved the …

  • A model poses beside a Ford Ecosport during a media presentation of the 34th Bangkok International Motor Show in Bangkok
    In the driving seat: China's yuppies are new market force for global automakers

    By Samuel Shen and Norihiko Shirouzu SHANGHAI/BEIJING (Reuters) - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet … More »In the driving seat: China's yuppies are new market force for global automakers

    A model poses beside a Ford Ecosport during a media presentation of the 34th Bangkok International Motor Show in Bangkok

    By Samuel Shen and Norihiko Shirouzu SHANGHAI/BEIJING (Reuters) - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model. After nearly two decades of frenzied growth driven mainly …

  • Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo
    At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape

    By Sophie Knight TOKYO (Reuters) - In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark … More »At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape

    Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court in Tokyo

    By Sophie Knight TOKYO (Reuters) - In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy". During an online chat, Karpeles …

  • People walk along an elevated walkway at the Pudong financial district in Shanghai
    A tough sell: insurance against a China financial crisis

    By Vidya Ranganathan SINGAPORE (Reuters) - Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to … More »A tough sell: insurance against a China financial crisis

    People walk along an elevated walkway at the Pudong financial district in Shanghai

    By Vidya Ranganathan SINGAPORE (Reuters) - Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone …

  • Trader shows a piece of gold at his shop in the town of Al-Fahir in North Darfur
    Gold falls to 2-1/2-week low in thin trade; fund outflows weigh

    By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded … More »Gold falls to 2-1/2-week low in thin trade; fund outflows weigh

    Trader shows a piece of gold at his shop in the town of Al-Fahir in North Darfur

    By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar. Spot gold fell to a two-and-a-half-week low of $1,281.40, before pruning the losses …

  • The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York
    Pfizer considers $100 billion bid for AstraZeneca: report

    U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported. The paper cited senior investment bankers … More »Pfizer considers $100 billion bid for AstraZeneca: report

    The Pfizer logo is seen next to a U.S. flag in a conference room at their world headquarters in New York

    U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported. The paper cited senior investment bankers and industry sources saying that informal conversations about a deal had taken place between the two but that no talks …

  • China firm plans $1 billion distressed asset fund for foreigners

    By Benjamin Kang Lim and Koh Gui Qing BEIJING (Reuters) - A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed … More »China firm plans $1 billion distressed asset fund for foreigners

    By Benjamin Kang Lim and Koh Gui Qing BEIJING (Reuters) - A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade. That the fund is being launched …

  • Samsung Galaxy Note 4 To Hit The Shelves On September 2014
    Samsung Galaxy Note 4 To Hit The Shelves On September 2014

    Expectation from Samsung’s next generation phablet i.e. Galaxy Note 4 is really high resulting in the cyber space to be bombarded with rumors, updates and news on it. Galaxy Note 3, Note 4’s predecessor … More »Samsung Galaxy Note 4 To Hit The Shelves On September 2014

    Samsung Galaxy Note 4 To Hit The Shelves On September 2014

    Expectation from Samsung’s next generation phablet i.e. Galaxy Note 4 is really high resulting in the cyber space to be bombarded with rumors, updates and news on it. Galaxy Note 3, Note 4’s predecessor was a really cool phablet which has floored millions of consumers from all around the world. It’s being more than six …

  • Bitcoin boss Karpeles easily led, not dishonest: mother

    By Lionel Laurent PARIS (Reuters) - Mark Karpeles, CEO of failed bitcoin exchange Mt. Gox, was a bright child, but a poor student, a lousy communicator and "too conciliatory", allowing others to take … More »Bitcoin boss Karpeles easily led, not dishonest: mother

    By Lionel Laurent PARIS (Reuters) - Mark Karpeles, CEO of failed bitcoin exchange Mt. Gox, was a bright child, but a poor student, a lousy communicator and "too conciliatory", allowing others to take advantage of him, his mother Anne said in a telephone interview. Speaking from her home in Switzerland last week, Anne, …

  • A TransCanada Keystone Pipeline pump station operates outside Steele City, Nebraska
    Pipeline delay gives boost to Obama's political base

    By Jeff Mason and Steve Holland WASHINGTON (Reuters) - The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning … More »Pipeline delay gives boost to Obama's political base

    A TransCanada Keystone Pipeline pump station operates outside Steele City, Nebraska

    By Jeff Mason and Steve Holland WASHINGTON (Reuters) - The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning base before fall elections in which Democrats risk losing control of the U.S. Senate. Environmentalists, …

  • View of the Areva Tower at the headquarters of the French nuclear reactor maker Areva at La Defense in Courbevoie
    Niger could sign new deal with Areva within days - mines minister

    The government of Niger, the world's fourth largest uranium producer, is on the verge of renewing an agreement with French state-controlled nuclear group Areva, the West African nation's mines minister … More »Niger could sign new deal with Areva within days - mines minister

    View of the Areva Tower at the headquarters of the French nuclear reactor maker Areva at La Defense in Courbevoie

    The government of Niger, the world's fourth largest uranium producer, is on the verge of renewing an agreement with French state-controlled nuclear group Areva, the West African nation's mines minister said on Sunday. Niger, one of the world's poorest nations, is pushing to boost revenues from its uranium, but Areva, which …

  • Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo
    Asian stocks subdued on Ukraine caution, dollar firms vs. yen

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the … More »Asian stocks subdued on Ukraine caution, dollar firms vs. yen

    Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock …

 

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