Jaguar breaks with tradition, eyes mass market SUVs, sedans
LONDON (Reuters) – Luxury carmaker Jaguar said it would invest $2.4 billion in a new range of lightweight aluminum sports sedans and crossover SUVs aimed at the mass market, creating 1,700 jobs to a British economy showing signs of resilience.
China output data reinforces view economy has steadied
BEIJING (Reuters) – Stronger-than-expected industrial output reinforced other signs that China’s economy was stabilizing after slowing for more than two years, just as major emerging markets brace for potential fallout from an expected trimming of U.S….
China data boosts stocks as Syria diplomacy cools oil
LONDON (Reuters) – World shares climbed to a near one-month high and oil and government bonds slipped on Tuesday, helped by receding expectations of U.S.-led military action against Syria and after better-than-expected Chinese data.
Japan PM Abe moves toward tax hike, orders economic stimulus
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe ordered his government on Tuesday to craft measures to bolster the economy to cushion the impact of an increase in the national sales tax.
China mall developer plans $1 billion Hong Kong IPO: WSJ
HONG KONG (Reuters) – SZITIC Commercial Property Co Ltd, which sold a stake in two of its malls to U.S. private equity firm Carlyle Group LP in May, plans an up to $1 billion Hong Kong IPO as soon as the fourth quarter of 2013, the Wall Street Journal …
Continental AG to partner with IBM on autonomous driving systems
FRANKFURT (Reuters) – German automotive supplier Continental AG said it was teaming up with IBM , the world’s biggest technology services company, on systems used for driverless cars.
Malaysia’s Petronas exiting Venezuela crude project
HOUSTON/CARACAS (Reuters) – Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela’s Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authori…
GSK shares hit as Advair generics edge closer in U.S.
LONDON (Reuters) – The threat of generic copies of GlaxoSmithKline’s best-selling lung drug Advair finally making it to market in the United States hit confidence in the drug maker on Tuesday, sending the stock down more than 3 percent.
Shares in Lloyds hit three-year high amid UK share sale hopes
LONDON (Reuters) – Shares in Lloyds Banking Group hit a 3-year high on Tuesday amid speculation the British government could start selling down its 39 percent shareholding this month.
European carmakers see long road to recovery
FRANKFURT (Reuters) – Europe’s car market is bottoming out after five years of falling demand, but high unemployment and weak bank lending suggest its recovery will be long and slow, executives at the Frankfurt car show said.
