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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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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, …

  • Visitors look at an Audi S8 car at Auto China 2014 in Beijing
    Premium car brands eye China's secondhand market

    By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW , Audi and Mercedes-Benz: the second-hand … More »Premium car brands eye China's secondhand market

    Visitors look at an Audi S8 car at Auto China 2014 in Beijing

    By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW , Audi and Mercedes-Benz: the second-hand premium car market. China's auto market is the world's biggest and is set to grow between 8 percent and 10 percent …

  • China IPO promised land turns to desert as regulator review stokes confusion

    By Natalie Thomas and Pete Sweeney SHANGHAI (Reuters) - Dozens of Chinese companies have abandoned plans to list in the mainland this year, as confusion reigns among executives, bankers and investors … More »China IPO promised land turns to desert as regulator review stokes confusion

    By Natalie Thomas and Pete Sweeney SHANGHAI (Reuters) - Dozens of Chinese companies have abandoned plans to list in the mainland this year, as confusion reigns among executives, bankers and investors over an opaque regulatory review that's clouding what was touted as a banner year for new stock debuts. As China Securities …

  • 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 …

  • Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township
    South Africa's 'spaza' shops suffer as big retail rolls in

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping … More »South Africa's 'spaza' shops suffer as big retail rolls in

    Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of "spaza" shops …

 

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