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HuaweiGeneral Motors Co. has agreed with its main Chinese partner to restructure their joint venture and give the American automaker an equal stake.
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Wealthy Iranians are fuelling an unprecedented luxury car boom despite sanctions hurting their economy, paying up to $360,000 for high-end autos, according to showroom employees and reports on Sunday.
Commodity prices saw mixed fortunes this week as traders tracked concerns over the world economic outlook driven by fresh debt tensions in the eurozone, most notably Spain.
After a strong first quarter, Wall Street has gotten a case of the jitters.
The International Monetary Fund has pulled in billions of dollars in new reserves to help battle Europe’s lingering debt crisis.
The Group of 20 nations on Friday stood ready to commit at least $400 billion to bulk up the International Monetary Fund, though Brazil wants to tie the cash to a pledge that emerging market voting power at the IMF will increase.
Junaid Jamshed is all set to launch a new brand for high-end market in July to attract Arabs and elite class of Pakistan and India through its flagship outlet in Dubai — a city that acts as a window to the world.
DOHA — Leaders and officials attending the third World Investment Forum on Saturday called for channeling more investments to poor nations and for introducing regulatory guidelines to help foster investments.
The IMF raised $430 billion in new funds for crisis intervention Friday, with China and other emerging economic giants taking part despite worries the money will go to more eurozone bailouts.
DUBAI — Dubai’s stocks retreated for a fifth day for the longest stretch of declines since November on speculation this year’s rally was overdone as Europe’s credit crisis damped investor appetite for riskier assets.