IBT Staff Reporter

59461-59490 (out of 154952)

China paper warns of impact from euro crisis Black Death

The Black Death of debt crisis across the euro zone will hurt China by sapping demand for exports, although Beijing's relatively small holdings of euro assets will limit any damage to foreign exchange reserves, the nation's top official newspaper said on Monday.

Cadillac Converj Concept Will Become ELR

The Cadillac Converj Concept, a luxury coupe with extended-range electric vehicle technology, is moving forward as a production car that will be called the Cadillac ELR.

Oil slips $2 towards $106 on Libya end-game

Brent crude fell almost $2 on Monday toward $106 a barrel with traders and investors anticipating the resumption of oil exports from OPEC-member Libya as a six-month civil war there appeared close to an end.

U.S. crude jumps more $1 as dollar slips

U.S. crude oil futures rose more than $1 a barrel on Monday as the dollar eased against a basket of currencies and as stock markets rose on hopes for a swift end to the conflict in Libya.

Chinese Leaders Warn of Euro Crisis Black Death

The Black Death of the debt crisis across the euro zone will hurt China's exports, although Beijing's relatively small holdings of euro assets will limit damage to foreign exchange reserves, the nation's top official newspaper said on Monday.

Soaring Australian dollar claims manufacturing victims

Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel , its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs.

Japan signals readiness to intervene in currencies

Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko Noda said, signaling Tokyo's readiness to intervene to stem further yen rises after its spike to a record high last week.

Schaeuble says markets have confidence in euro

German Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that the euro remains a stable currency and despite the euro zone debt crisis has held steady against the dollar in a consistent range.

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