International

Detroit auto tycoon to buy GM’S Saturn, dealerships
05/06/2009 05:00
Detroit auto tycoon Roger Penske, who has reached a tentative deal to acquire the Saturn brand and dealer network, wants to eventually build vehicles in the U.S. after initially importing from a foreign manufacturer, Penske told reporters in Detroit Friday....
Gold plunges on unexpected lay-off data, strong dollar
05/06/2009 05:00
Gold futures on the COMEX Division of the New York Mercantile Exchange went sharply down on Friday as the U.S. dollar bounced quickly and the better-than-expected jobless data made investors more confident in economy recovery. Gold price for...
Obama hopes "new beginning" with Muslims
04/06/2009 05:00
U.S. President Barack Obama said in a major speech to the Muslim world on Thursday that the United States seeks a new beginning of relations with Muslims based on mutual interests and respect. U.S. President Barack Obama delivers a long...
ICBC to buy 70% stake in Canadian unit of Bank of East Asia
04/06/2009 05:00
The Industrial and Commercial Bank of China (ICBC), the world’s largest lender by market value, Thursday announced it would buy a 70-percent stake in a Canadian subsidiary of the Bank of East Asia (BEA). In return, BEA would buy out ICBC’s...
European Parliament elections begin
04/06/2009 05:00
The European Parliament elections began on Thursday in Britain and the Netherlands, with 736 European Union (EU) lawmakers to be elected but turnout expected to be low. A man walks past a display advertising the European Parliament elections in...
IATA chief says outlook bleak for airline industry
04/06/2009 05:00
Airline industry association IATA said Thursday the outlook for the ailing aviation industry remains bleak and warned airlines that a recovery will take more than three years. Giovanni Bisignani, the International Air Transport Associationâs...
United Airlines may order 150 aircraft from Boeing or Airbus
04/06/2009 05:00
Travelers wait in line to check in for United Airlines flights at O’Hare International Airport in Chicago, Illinois, US, in May 2009 United Airlines, the third-largest US carrier, will negotiate with Boeing Co....