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Business - Ford CFO says sees ongoing problems in Russia: Handelsblatt

The finance chief of Ford Motor Co expects ongoing problems in Russia where the decline of the rouble and the struggling economy was weighing on its market share, according to German newspaper Handelsblatt. Russia`s currency and economic woes were cited last week by Ford as major reasons the company lowered expectations for its European business in 2015. Other carmakers have incurred losses and closed production plants in Russia for the same reason. `2015 does not look good,` Ford`s Chief Financial Officer Bob Shanks was quoted as saying about Russia in an interview to be published on Monday.

Sunday, February 01, 2015  17:12


Business - GM and China`s SAIC to push into Indonesia with no-frills vans

By Norihiko Shirouzu BEIJING (Reuters) - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia`s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people. For GM, Indonesia will be its second non-China market in Asia, having already broken into India with SAIC, where they cooperate to market Wuling`s small multi-purpose workhorse vans.

Sunday, February 01, 2015  06:40


Market - Here are the drivers of future economic growth

After a terrible month for stocks, a star analyst says look to biotech, consumer and manufacturing companies.

Sunday, February 01, 2015  14:04


World - Gabriel swoop gives Wenger renewed hope

Arsene Wenger believes his swoop for Brazilian defender Gabriel Paulista could prove a turning point in Arsenal`s battle to qualify for the Champions League. Wenger splashed out £11.5 million ($17 million) to sign Gabriel from Villarreal earlier this week and the 24-year-old could make his debut against Aston Villa at the Emirates Stadium on Sunday. Gabriel`s arrival comes with Arsenal in the midst of a tense struggle to book their place in next season`s Champions League via a top-four finish in the Premier League. The fifth placed Gunners trail fourth placed Manchester United by one point and are also scrapping with Southampton and Tottenham for the coveted berths in Europe`s elite club competition.

Sunday, February 01, 2015  04:26


World - Greece on European charm offensive in search of debt relief

Greece`s new anti-austerity government was set to kick off its European charm offensive in Paris on Sunday seeking to renegotiate its 240-billion-euro ($270 billion) bailout, though Germany has already refused to consider any debt relief. Finance Minister Yanis Varoufakis, who is looking to write down half of Greece`s debt, was scheduled to meet with French Finance Minister Michel Sapin and Economy Minister Emmanuel Macron in the afternoon, before heading on to London and Rome. Greece`s Prime Minister Alexis Tsipras has tried to calm nerves and markets spooked by his radical plans, saying he did not intend to renege on commitments to the European Union and International Monetary Fund. Amid the flurry of diplomacy, Tsipras spoke with European Central Bank chief Mario Draghi on Saturday night and has booked in meetings with Italian Prime Minister Matteo Renzi, French President Francois Hollande and European Commission President Jean-Claude Juncker this week.

Sunday, February 01, 2015  10:38


World - Outspoken Saudi prince launches pan-Arab news channel

Outspoken billionaire Saudi Prince Alwaleed bin Talal on Sunday launched a pan-Arab satellite news channel aimed at challenging established networks in the region. From a studio lit in green and white, the Bahrain-based Alarab News Channel took to the air, leading with a story about Japanese hostage Kenji Goto, whom the Islamic State extremist group claimed in a video late Saturday to have beheaded. Alarab is the latest player in the Arabic-language television market, after Qatar-subsidised Al-Jazeera became the first regional news broadcaster 19 years ago. It will also be a rival for Dubai-based Al-Arabiya, established in 2003 and owned by Sheikh Waleed al-Ibrahim, a brother-in-law of Saudi Arabia`s late King Fahd.

Sunday, February 01, 2015  16:33


World - Blast targeting bus near Shi`ite shrine in Damascus kills six

By Marwan Makdesi DAMASCUS (Reuters) - An explosion tore apart a bus thought to be carrying Lebanese Shi`ite Muslim pilgrims in Damascus on Sunday, killing at least six people, a Reuters witness and local media said. A social media account linked to al Qaeda`s Nusra Front said the hardline Sunni group was behind what it called the suicide attack on the bus near a market place in the capital. Syria`s state news agency SANA said the `terrorist explosion` had killed four and wounded 19. Earlier on Sunday Prime Minister Wael al-Halqi told parliament that Syria aimed to `flush out all terrorists` in 2015.

Sunday, February 01, 2015  14:22


World - Blast on bus near Shi`ite shrine in Damascus kills six

A rare explosion in central Damascus targeted a bus believed to be carrying Lebanese Shi`ite Muslim pilgrims on Sunday, killing at least six people and wounding more than 20, a Reuters witness and local media said. A social media account linked to al Qaeda`s Nusra Front said the hardline Sunni group was behind the attack on the bus near a market place in the capital. Syria`s state news agency SANA said the `terrorist explosion` had killed four and wounded 19. The bus had been carrying pilgrims close to the Sayyida Ruqayya shrine, a television channel run by Lebanese Shi`ite movement Hezbollah said.

Sunday, February 01, 2015  14:04


World - Explosion in Damascus kills four: Syrian state media, monitor

BEIRUT (Reuters) - An explosion in central Damascus killed at least four people and wounded several others, Syria`s state news agency and a monitoring group said on Sunday. State news agency SANA said the `terrorist explosion` wounded 19 people. The Syrian Observatory for Human Rights monitoring group said it occurred close to a market. (Reporting by Sylvia Westall; Editing by Andrew Heavens)

Sunday, February 01, 2015  12:30


Europe - `Gunman recorded grocery attack`

The terrorist who gunned down four people at a kosher market in eastern Paris earlier this month recorded the attack on a camera, a U.S. intelligence official told CNN on Friday.

Sunday, February 01, 2015  11:36

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