SEOUL - The Renault-Nissan alliance said on Friday it will invest $160 million to produce 80,000 Nissan Rogue vehicles at Renault’s South Korean factory in an attempt to increase the cost competitiveness of the struggling operation.
SEOUL - The Renault-Nissan alliance said on Friday it will invest $160 million to produce 80,000 Nissan Rogue vehicles at Renault’s South Korean factory in an attempt to increase the cost competitiveness of the struggling operation.
TOKYO - The Nikkei share average slipped on Friday as weak U.S. economic data raised concerns over the health of the world’s largest economy and its impact on the export-reliant Japanese economy.
SHANGHAI - Apple Inc staged a low-key launch of its latest iPad in China on Friday, free of the chaotic scenes that plagued the tech darling’s previous product debuts in its most promising growth market.
SINGAPORE - Gold hovered near $1,580 an ounce on Friday as investors clung onto hopes for more monetary easing from the U.S. central bank after weak data in the previous session, but a dollar rebound would likely cap gains.
The US housing sector was ready to get back to work while the construction industry continued to struggle on the jobs front, said the US mortgage giant Freddie Mac in a report.
India’s government appears set to relax heavily criticised sourcing rules for retailers, anxious not to scare off IKEA — one of the few big name firms that has said it will invest in the country — or any others willing to follow.
India’s economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a poll showed on Thursday.
European stock markets nudged ahead at the start of trading on Thursday, with London’s benchmark FTSE 100 of top companies up 0.05 percent to 5,686.60 points.
NEW YORK - Gold fell for a second session on Wednesday on renewed fears over Europe’s debt crisis and as speculation receded that more stimulus to boost a slowing U.S. economy were imminent.
PARIS - Euro zone countries need to establish a banking union within the coming months, European Central Bank Governing Council member Christian Noyer said on Wednesday, urging member states to speed up the pace.