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Wednesday, November 19, 2014
Indonesia's Widodo seeks to fix economy with fuel price hike
Indonesian President Joko Widodo unveiled a hefty increase in the price of subsidized fuel Monday, taking a risky, unpopular first step toward fixing the tattered finances of Southeast Asia's top economy.
Toyota to start fuel cell car sales next month
There will only be a few hundred, and they won't be cheap, but Toyota is about to take its first small step into the unproven market for emissions-free, hydrogen-powered vehicles.
Southern Europe's olive harvest hit by bad weather, blights
If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather — and tiny insects.
Pfizer said Monday that it will partner with German drug and chemical maker Merck in developing potential cancer drugs in a hot new medication class that harnesses the body's immune system to fight cancer.
Samsung Electronics has announced plans to slash the number of smartphone models it issues next year by up to one-third as it tries to cut prices in the face of intense Chinese competition.
Argentina Monday unveiled a new agency to track currency flows in foreign commercial transactions as it struggles to shore up foreign reserves in the face of capital flight.
Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to US$2.4 billion.
EasyJet's annual profits climbed on the back of rising passenger numbers and sales, the no-frills British airline said Tuesday.
Shares in Tokyo jumped Tuesday on expectations, confirmed after markets closed, that the Japanese government would respond to a recession by postponing a sales tax hike. Other global markets mostly made modest gains.
The dollar held steady against the yen in Asia Tuesday after the previous day's sell-off in response to news that Japan had slipped into recession, while speculation over European Central Bank (ECB) stimulus pressured the euro.
  
  
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