JAPAN

Ferrari's Montezemolo Launches High-Speed Train

High-Speed Train
As Europe's first privately owned high-speed train hit 300 kph just outside Naples, Ferrari chairman Luca Cordero di Montezemolo smiled at the suggestion that he was addicted to risk and velocity.

US Auto Sales 1Q Speed Past Expectations

A customer looks over Toyota automobiles at a dealership in Daly City, California
U.S. automobile sales last quarter beat predictions for the first time since 2008 as demand for small and fuel-efficient cars, strong fleet sales and pent-up demand drove sales up to 14.5 million cars on a seasonally adjusted annual selling basis, according to J.D. Power and Associates and LMC Automotive.
More news
IBTimes Logo

IMF chief seeks fresh funds for poor countries

The head of the International Monetary Fund on Sunday renewed a push to fully fund a $17 billion lending package for poor countries, which are threatened by high oil prices and the risk of euro-zone contagion.
Japanese Bank Note

Japan’s Loan Demand Increases In Q1

Loan demand from firms and households jumped in the first quarter, adding to the evidence that the Japanese economy is on the path of recovery, according to Senior Loan Officer Survey.
IMF raises its GDP growth forecast for the U.S.

IMF Eyes BRICS To Meet $400B Fundraising Goal

The International Monetary Fund is eyeing Brazil, Russia, India, China and South Africa, a bloc of countries commonly known as BRICS, to meet its goal, set by the institution's managing director Christine Lagarde, to raise at least $400 billion of additional funds to safeguard the global financial system against the euro zone sovereign debt crisis.
Emerging Markets

Emerging Powers Ready To Give Billions To IMF

Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
IBTimes Logo

Emerging powers ready to give IMF billions

Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.