Barclays planning exit of some commodities markets: FT
(Reuters) – Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sund…
Brazil´s president also responsible for refinery deal: ex CEO
BRASILIA (Reuters) – 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.
Lexus aloof from China production while Nissan, Honda step in
BEIJING (Reuters) – The head of Lexus, the premium brand of Toyota Motor Corp , said on Sunday an emphasis on quality had kept it from manufacturing in China.
GM to battle VW in China with $12 billion investment and new plants
BEIJING (Reuters) – 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.
Mercedes, BMW chase ultra rich clients with new high end cars
BEIJING (Reuters) – 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.
Pfizer considers $100 billion bid for AstraZeneca: report
LONDON (Reuters) – U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, Britain’s Sunday Times reported.
Pipeline delay gives boost to Obama’s political base
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 …
In the driving seat: China’s yuppies are new market force for global automakers
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.
Premium car brands eye China’s secondhand market
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.
South Africa’s ‘spaza’ shops suffer as big retail rolls in
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…
