Geely, Renault strike deal to develop gasoline engines, hybrid technology
(Reuters) -China’s Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7…
Economy
UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
By Suban Abdulla LONDON (Reuters) -A key British mortgage rate hit a 15-year high on Tuesday when it rose above…
Singapore’s Temasek reports portfolio value drop, positive on China tech
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore investment firm Temasek Holdings on Tuesday posted a 5.2% drop…
Britain’s 50-billion pound pensions gamble could put savers in fresh peril
By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to…
UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund…
ASEAN chair urges unity as top diplomats meet amid Myanmar discord
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – ASEAN chair Indonesia on Tuesday stressed the importance of the regional…
S.Korea state-run banks join liquidity support effort for credit union
By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity…
Mercedes sales rise in Q2 on top-end, electric vehicles
BERLIN (Reuters) – Mercedes-Benz Group sales in the second quarter rose 6% year-on-year – a total of 515,700 vehicles –…
Renault brand sales up 11% in first half
PARIS (Reuters) – French automaker Renault said on Tuesday worldwide sales of its flagship brand rose 11% in the first…
The elusive U.S. recession and its ‘misleading’ indicators: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The longer the heavily touted U.S. recession fails to materialize, the more doubt is…