Archive for December 2012
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Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies. Chinese industrial firms
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Swedish car maker Volvo said on Thursday it was studying the possibility of setting up a car manufacturing plant in India as part of a drive to nearly double global sales. The company, owned by
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Toyota said it had agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls from the Japanese automaker. Toyota did not
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Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20 percent stake worth $743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam's banking sector. The deal aims to boost "support for
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Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20 percent stake worth $743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam's banking sector. The deal aims to boost "support for
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US auto giant Ford said Thursday it will invest $773 million to expand factories across its home state of Michigan, generating 2,350 new jobs, part of a plan to add 12,000 jobs by 2015. The
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US consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy. The report heightened concerns that
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Indian shares fell as recent gainers such as Reliance Industries were hit by profit-booking, while IT stocks fell due to concerns about their outlooks on a day in which the expiry of derivatives led to
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The Nikkei share average ended at a 21-month high on Thursday, led by exporters and financials, as the new Japanese prime minister's vow to battle deflation and a strong currency buoyed investor risk appetite. The
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The Dow fell 1 percent as stocks added to losses on Thursday. The Nasdaq and S&P 500 earlier declined more than 1 percent, with worries about the US "fiscal cliff" after Senate Majority Leader Harry
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