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Business - In emerging Indonesia, Honda`s Mobilio muscles in on Toyota`s turf


By Dennys Kapa and Aradhana Aravindan JAKARTA/SINGAPORE (Reuters) - Honda Motor`s Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor in Indonesia, the latest battleground for global carmakers. Toyota and its Daihatsu Motor affiliate have long enjoyed a more than 50 percent market share in Indonesia - where car ownership is less than 4 percent in a population of close to 250 million. ...


Thursday, October 23, 2014  22:41

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Business - German survey props up European shares


By Patrick Graham LONDON (Reuters) - Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood. Asian markets had drifted lower overnight, unimpressed by a similar survey out of China, which was marginally above forecast but still showed the world`s second largest economy slowing further at the start of the fourth quarter. ...


Thursday, October 23, 2014  10:12

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Business - Credit Suisse CEO says sees no material issues in forex probe


ZURICH (Reuters) - Credit Suisse does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank`s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland`s, are investigating allegations of collusion and price manipulation in the largely unregulated foreign exchange (FX) market. `(The FX issues) have probably been going for a little over a year now. ...


Thursday, October 23, 2014  09:53

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World - US stocks quietly move higher; IBM disappoints


NEW YORK (AP) The U.S. stock market moved quietly higher Monday as investors decided to step back into a market that was rattled by white-knuckle turbulence last week.


Monday, October 20, 2014  21:56

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Business - Getting used to the `new mediocre`


By Mike Peacock LONDON (Reuters) - Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy. Until a dramatic selloff, exuberant markets had raced well ahead of the economies that underpin them, partly because the U.S. Federal Reserve and other central banks flooded the financial system with new money. ...


Sunday, October 19, 2014  10:14

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World - Japan rolls out `long-held dream` with first commercial jet in 50 years


By Tim Kelly NAGOYA (Reuters) - To the sound of drums and a children`s choir, Mitsubishi Aircraft on Saturday rolled out Japan`s first commercial jet in half a century, amid doubts it can attain an ambition to sell more than 2,000 aircraft in a competitive market segment. Developed by a subsidiary of Mitsubishi Heavy Industries that includes Toyota Corp as a shareholder, the $42-million regional jet, with just under 100 seats, is Japan`s second bid to break into the commercial aircraft market. ...


Saturday, October 18, 2014  07:00

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World - Lebanon troops, Islamists clash in historic Tripoli market


Lebanese troops fought a fierce battle Saturday with Islamist gunmen holed up in the historic market of second city Tripoli in clashes that devastated parts of the popular tourist site. It was the first time since the civil war in neighbouring Syria erupted in 2011 that violence had spread to the market in the northern city`s historical centre, which is on the shortlist for selection as a UNESCO world heritage site.


Saturday, October 25, 2014  19:01

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World - Lebanon troops attack gunmen in historic Tripoli market


Lebanese troops attacked Islamist gunmen holed up in the historic market of the northern city of Tripoli Saturday, after deadly clashes rocked the longtime tourist attraction, an AFP correspondent reported. It was the first time since the civil war in neighbouring Syria erupted in 2011 that violence had spread to the market in Tripoli`s historic centre, which is on the shortlist for possible selection as a UNESCO world heritage site. The fighting came nearly three months after a battle in eastern Lebanon between the army and jihadists from Syria`s Al-Qaeda branch and the Islamic State (IS) group. It broke out after gunmen attacked an army patrol Friday in the Khan al-Askar area, near the heart of the coastal city, wounding four soldiers.


Saturday, October 25, 2014  14:45

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World - Lebanon army attacks gunmen in historic Tripoli market


Lebanese troops attacked Islamist gunmen holed up in the historic market of the northern city of Tripoli Saturday, after deadly clashes rocked the longtime tourist attraction, an AFP correspondent reported. It was the first time since the civil war in neighbouring Syria erupted in 2011 that violence had spread to the market in Tripoli`s historic centre, which is on the shortlist for possible nomination as a UNESCO world heritage site. The AFP correspondent heard shelling and heavy gunfire as the army launched its assault on the gunmen`s positions. Tripoli has seen repeated clashes between Sunni militants sympathetic to the rebels in neighbouring Syria and Alawites who back the Damascus regime.


Saturday, October 25, 2014  12:01

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Business - China`s auto market growth may halve to 7 percent this year: industry body head


SHANGHAI (Reuters) - Growth in China`s auto market, the world`s biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. `Personally, I think growth this year can reach 7 percent,` Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai. `The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit.` CAAM had forecast China`s auto market, which grew by 13. ...


Saturday, October 25, 2014  07:46

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