U.S. carmaker General Motors will close its Opel plant in the Belgian port city of Antwerp, sources said on Wednesday, slamming the door on hopes to save the jobs of the site's 2,300 staff.
Japan has changed its auto replacement incentive program to give U.S. cars more chance to qualify after the United States complained its automakers were shut out, the Japanese government said on Tuesday.
Top European carmaker Volkswagen plans to build its fifth plant in China along with its Chinese partner, with an initial annual production capacity of at least 200,000 units, the 21th Century Business Herald said on Wednesday.
Its history is peppered with cloak-and-dagger stories which fostered a reputation for winning technology by hook or by crook. But today Huawei Technologies' disciplined growth strategy is a beacon to many emerging markets firms.
New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
New U.S. housing starts unexpectedly fell in December, pulled down by a drop in construction activity for single-family dwellings, a government report showed on Wednesday.
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.
Bank of America Corp reported a wider-than-expected quarterly loss of $5.2 billion, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.
Bank of America Corp reported a fourth-quarter loss of $5.2 billion, hurt by higher credit costs, lower net interest income and its repayment of U.S. government bailout aid.
U.S. carmaker General Motors GM.UL will close its Opel plant in the Belgian port city of Antwerp, sources said on Wednesday, slamming the door on hopes to save the jobs of the site's 2,300 staff.
Taiwan President Ma Ying-jeou will make two stops in the United States next week during a trip to take aid to earthquake-hit Haiti, officials said on Wednesday, a move likely to anger political rival China.
Iran has notified the U.N. nuclear watchdog it rejects key parts of a draft deal to send abroad most of its enriched uranium, designed to ease fears the material could be used to make nuclear weapons, diplomats said on Tuesday.
U.N. climate talks face a crisis unless the U.S. Senate passes a climate control bill and failure to do so further risks the future of vulnerable countries such as small island states, Tuvalu said on Wednesday.
China's top search engine, Baidu Inc (BIDU.O), filed a lawsuit against its U.S.-based domain name service provider on Wednesday after a cyber attack interrupted its web services last week.
Oil extended losses toward $78 a barrel on Wednesday on tighter credit policy in China, a stronger dollar and expectations that U.S. refiners processed less crude.
President Barack Obama will order federal agencies on Wednesday to take measures to prevent companies that are delinquent in paying taxes from obtaining new government contracts, the White House said.
Massachusetts on Tuesday elected the state's first Republican to serve in the Senate in decades, a stunning upset that threatens to undermine Democrats' dominance in Washington.
The election of a Republican U.S. senator from Massachusetts on Tuesday to replace the late Edward Kennedy, a Democrat, puts U.S. President Barack Obama's ambitious agenda at increased risk.
Economic freedoms were sharply reduced last year on massive spending and bailouts during the financial crisis, a trend that could imperil future economic prospects, the U.S.-based Heritage Foundation said on Wednesday.
World stocks slipped on Wednesday after reports of bank lending restrictions in China, while the euro hit a five-month low against a broadly stronger dollar with concerns about Greece's fiscal problems nagging investors.
The United States has had multiple meetings with Chinese authorities over Internet freedom and will have more in the coming days, a top State Department official said on Tuesday amid continuing tensions between Google and Beijing.
