GM may consider South Korean exports to Australia after Chevy shake-up: source
SEOUL/SYDNEY (Reuters) – General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potent…
Struggling Sears to spin off Lands’ End business
(Reuters) – Eddie Lampert-controlled Sears Holdings Corp , struggling with mounting operating losses and declining sales, said it would spin off its Lands’ End clothing business, adding to the list of businesses sold off to raise cash.
Global house prices hit new peak, led by emerging Asia
LONDON (Reuters) – Booming housing markets in emerging Asia have pushed global residential property prices to a new peak, according to a report on Friday.
Dollar, bond yields rise with all eyes on U.S. jobs
LONDON (Reuters) – The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
Total buys stake in Papua New Guinea bloc
PERTH/PARIS (Reuters) – France’s Total has agreed to buy a stake in InterOil’s Papua New Guinea gas fields, which could include the construction of a liquefied natural gas (LNG) export plant in a deal worth up to $3.6 billion.
Chevron’s $6.4 billion China gas project pushed back again: sources
BEIJING (Reuters) – A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
Aer Lingus union threatens industrial action over pensions
DUBLIN (Reuters) – Aer Lingus’ largest trade union is to ballot for industrial action after talks broke down over a shortfall in a staff pension scheme, a union official said on Friday.
Rupee offers India budget relief as subsidy pressure eases
NEW DELHI (Reuters) – A recovery in the rupee is giving India’s Finance Minister P. Chidambaram rare relief in his battle against a threatened credit rating downgrade to junk status by reducing pressure on the government’s subsidy bill.
LA sues Citi, Wells Fargo over discriminatory mortgage lending
(Reuters) – The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo , seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city’s minority communities, a court filing showed.
China’s biggest jeweler sees gold in the masses
HONG KONG (Reuters) – The world’s most valuable jewellery retailer Chow Tai Fook, which counts Cartier and Tiffany & Co as competitors, is on a quest to conquer the hearts of China’s future big spenders. Its weapons of choice: Hello Kitty and Winnie the Pooh.
