General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors .
General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand, Opel.
Germany aims to narrow the field of bidders for General Motors unit Opel on Wednesday and reach a deal to provide the carmaker with temporary financing should its U.S. parent file for bankruptcy.
U.S. Treasury Secretary Timothy Geithner will meet top Chinese government officials including President Hu Jintao and Premier Wen Jiabao in Beijing early next week, the Treasury Department said on Wednesday.
Sri Lanka must allow international humanitarian access to an estimated 300,000 Tamil refugees from its recently ended civil war, some 60 countries states told the U.N. Human Rights Council Tuesday.
Chinese protesters gave a raucous welcome for House of Representatives Speaker Nancy Pelosi on Wednesday, painting red slogans and crying out for the lawmaker to live up to her reputation as a foe of human rights abuses.
Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say, despite a recent rash of reports and speculation that say otherwise.
General Electric Co aims to boost its investment in clean-tech research and development to $1.5 billion a year by 2010, the largest U.S. conglomerate said on Wednesday in its annual Ecomagination report.
Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
The German government is due to decide on Wednesday which bidder or bidders it prefers as a partner for the Opel unit of struggling U.S. carmaker General Motors, and could agree to provide aid for the firm.
Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence buoyed hopes that the global economy was on its way to recovery and demand for oil would rise.
North Korea defied international condemnation of its latest nuclear test by firing two short-range missiles off its east coast on Tuesday and major powers considered tougher action against the isolated communist state.
Germany pressed suitors of General Motors unit Opel to improve their offers and a fourth bidder from China emerged on the eve of a top-level meeting to decide the fate of the carmaker.
North Korea will pay a price for its latest nuclear test if it does not reverse course but the door remains open to talks on ending Pyongyang's nuclear programs, the U.S. State Department said on Tuesday.
Ties between the United States and China could be transformed by cooperation on climate change, House of Representatives Speaker Nancy Pelosi said, linking environmental concerns to human rights and the rule of law.
A senior Chinese health official complained on Tuesday that his country was being unfairly demonized as a center of fake drug production and defended the government's regulatory steps as sufficiently strong.
North Korea, irked by South Korean and Japanese criticism of its nuclear test, said on Tuesday it may not support moves to curb production of nuclear bomb-making material, jeopardizing the start of global talks on the issue.
Netbook PC pioneer Asustek aims to double its market share to become the world's No.3 laptop vendor, riding the rising popularity of low-cost laptops among budget-conscious consumers during the global downturn.
Stock index futures pointed to a flat to lower open on Tuesday after a long weekend as tensions surrounding North Korea unsettled investors and hopes for a quick economic recovery in the near-term ebbed.