Business News

India electric car pioneer plans biggest plug-in plant

AFP - 2 hours 36 minutes ago

NEW DELHI (AFP) - - Chetan Maini, the engineer who pioneered India's first electric car, had his eureka moment two decades ago when he drove a vehicle fuelled by solar power across the blazing Australian outback. More »

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BAIC to 'reassess' options after Saab bid fails
AFP - 2 hours 50 minutes ago
BEIJING (AFP) - - China's Beijing Automotive Industry Holding Co. (BAIC) told state media Wednesday it will "reassess" its options after a plan to buy Swedish carmaker Saab collapsed, but gave no hint of its plans.
Gold hits record high $1,180 per ounce
AFP - Thursday, November 26
LONDON (AFP) - - Gold prices soared to a record above 1,180 dollars here on Wednesday on the back of weak greenback, which makes the precious metal cheaper for buyers using stronger currencies, traders said.
Australia to ride 'powerful' resources wave
AFP - Wednesday, November 25
SYDNEY (AFP) - - Australia is expecting an Asia-led boom in resources investment over the next five years, bringing "powerful and broad-ranging" economic benefits, according to its central bank.
S.Korea halves ceiling on text messages to fight spam
AFP - Wednesday, November 25
SEOUL (AFP) - - South Korean authorities on Wednesday halved the daily limit on text messages sent out by mobile phones as part of a campaign against spam, officials said.
Chinese banks may need to raise billions: reports
AFP - Wednesday, November 25
BEIJING (AFP) - - Chinese banks may need to raise billions of dollars in the next few years as massive lending erodes their capital and leaves them vulnerable to bad debts, a pair of research reports has warned.
Japan posts $9.1 bln trade surplus
AFP - Wednesday, November 25
TOKYO (AFP) - - Japan posted a trade surplus for a ninth straight month in October as the world's number two economy slowly emerges from its deep slump thanks to recovery in the rest of Asia, according to the latest data.
Zoellick warns of asset bubble risks
AFP - Wednesday, November 25
SINGAPORE (AFP) - - The post-crisis world economy faces new risks from investment bubbles that risk plunging millions back into poverty, according to World Bank chief Robert Zoellick.
Mysterious toilet blockages plague Cathay flights
AFP - Wednesday, November 25
HONG KONG (AFP) - - Cathay Pacific said Wednesday it has endured a spate of mysterious toilet blockages on its Airbus fleet, with one packed plane forced to make an unscheduled landing because it had no working lavatory.
Taiwan, US to resume trade talks next year: envoy
AFP - Wednesday, November 25
TAIPEI (AFP) - - Taiwan and the United States are expected to resume their dialogue on a key trade and investment pact in the new year, a US envoy was quoted as saying Wednesday.
US firm on slapping tariffs on Chinese steel pipes
AFP - Wednesday, November 25
WASHINGTON (AFP) - - The United States has firmed up plans to impose up to 15 percent tariffs on imported Chinese steel pipes targeted for wideranging sanctions for alleged unfair subsidies.
Indian authorities file new charges in Satyam scam
AFP - Wednesday, November 25
NEW DELHI (AFP) - - Indian federal investigators on Tuesday filed new charges against the founder of scandal-hit outsourcing giant Satyam in the nation's biggest case of corporate fraud, an official said.
British watchdog fines Nomura �1.75 mln
AFP - Wednesday, November 25
LONDON (AFP) - - Britain's financial watchdog said on Tuesday it had fined Japanese bank Nomura 1.75 million pounds for "widespread" failures of systems and controls used in the trading of "high-risk" products.
Nokia says it will cut 220 R&D jobs in Japan
AFP - Wednesday, November 25
HELSINKI (AFP) - - Nokia, the world's biggest mobile phone maker, said on Tuesday it would cut around 220 jobs in Japan as part of its plans to streamline its vast research and development operations.
Japan's Hitachi to build rail car plant in Britain
AFP - Tuesday, November 24
TOKYO (AFP) - - Japanese high-tech giant Hitachi Ltd. plans to build railway cars in Britain in a multi-billion-dollar deal that would also create hundreds of new jobs, a company spokesman said Tuesday.
China backs writers in fight against Google Books
AFP - Tuesday, November 24
BEIJING (AFP) - - China said Google has probably breached copyright laws by scanning Chinese books for its online library and supported writers to "defend their rights", state media reported Tuesday.
Temasek announces major bond offer plan
AFP - Tuesday, November 24
SINGAPORE (AFP) - - State-linked Singapore investment firm Temasek Holdings on Tuesday said it plans to raise 600 million Singapore dollars (433 million US) from new bond offerings.
Coal-burning China invests in methane capture
AFP - Tuesday, November 24
BEIJING (AFP) - - China, a massive consumer of fossil fuels and coal in particular, is trying to modernise its mines by containing emissions of methane and turning the toxic gas into a source of much-needed energy.
Serbian factory to build Chinese trucks: report
AFP - Tuesday, November 24
BELGRADE (AFP) - - A Serbian factory struck a deal on Monday to assemble trucks for a Chinese manufacturer in southern Serbian, Tanjug news agency reported.
Reliance shares rise over 3%% on LyondellBasell bid
AFP - Tuesday, November 24
MUMBAI (AFP) - - Shares in Indian giant Reliance Industries rose nearly four percent Monday after it announced a cash bid to buy a controlling stake in bankrupt petrochemicals firm LyondellBasell Industries.