India’s Mahindra studying US entry for Ssangyong auto unit: executive
NEW DELHI (Reuters) – Mahindra and Mahindra Ltd , India’s largest utility vehicle maker, is conducting early-stage studies on selling cars in the United States made by its wholly owned South Korean unit Ssangyong Motor Co , a senior executive said.
Apple payments service may boost sales of larger iPhones
(Reuters) – The addition of a mobile payments service to Apple Inc’s next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc’s Android platform.
Opel to launch budget family car in Europe by 2015
FRANKFURT (Reuters) – General Motors will launch a budget family car under the Vauxhall and Opel brands next year in a bid to woo customers of the company’s Chevrolet brand, which is set to be discontinued in Europe at the end of 2015.
GM to launch 40 new cars in India, other international markets
NEW DELHI (Reuters) – General Motors Co plans to launch 40 new cars in India and in other international markets excluding China, north America and Europe, Chief Executive Mary Barra said on Thursday.
Austrian Airlines dealt setback by EU court ruling
VIENNA (Reuters) – The European Court of Justice (ECJ) ruled on Thursday that collective wage agreements also apply to labour contracts after a transfer of operations, Austrian Airlines (AUA) said, in what appeared to be a setback to its cost-cutting p…
Shares, sterling gain as Scotland poll eases nerves
LONDON (Reuters) – European shares edged up and sterling rose from multi-month lows on Thursday after a poll showing most Scots intend to vote against independence next week took the edge off concerns over the United Kingdom’s future.
China’s Tianhe denies overstating profits, cites investor support
SHANGHAI/HONG KONG (Reuters) – Tianhe Chemicals has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia (MSPEA) has given it full support.
Japan business mood turns positive: government survey
TOKYO (Reuters) – Confidence at big Japanese manufacturers turned positive in July-September and they expect business conditions to improve further in the following quarter, a government survey showed, suggesting a gradual economic recovery from the sl…
Fed’s rate guidance on chopping block, new exit plan nears
(Reuters) – The U.S. Federal Reserve is facing perhaps its most pivotal meeting of the year next week, as it debates a potential overhaul of its guidance on interest rates and seeks to nail down a plan for exiting its extraordinarily easy monetary poli…
Detroit bankruptcy trial delayed until Monday by U.S. judge
DETROIT (Reuters) – A federal judge has put a landmark trial on Detroit’s plan to exit bankruptcy on hold until Monday, as the city neared a deal with bond insurer Syncora Guarantee Inc, one of its most formidable hold-out creditors.
