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Friday, April 25, 2014
US brands Lincoln, Cadillac chase Germany's Audi in China luxury market
Classic American luxury brands Lincoln and Cadillac are taking on Germany's long-dominant Audi in China, but face a market leader fortified by enviable brand awareness built over years as officialdom's favorite car.
 > China
China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.
 > China
China will strive to reach the “high-income club” by 2020, a senior official said on Wednesday.
 > China
Buffett disapproves of Coca-Cola's highly contested pay plan
Warren Buffett says he disapproves of Coca-Cola's highly contested pay plan for its executives.
Swiss pharmaceuticals giant Novartis on Thursday posted a 24-percent jump in first-quarter net profit, driven largely by the sale of a blood transfusion diagnostics unit.
Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82-percent increase in advertising revenue.
South Korea's economy grew by 0.9 percent for the second consecutive quarter as exports remained solid but domestic spending stalled, state data showed Thursday.
 > Korea
Spain's economy grew at the fastest pace in six years in the first quarter of 2014 as it pulled its way out of a long, job-destroying downturn, the central bank said in a preliminary estimate Thursday.
New Zealand's central bank lifted interest rates for the second time in as many months on Thursday, saying it was necessary to contain inflation as an economic recovery gains momentum.
German business confidence rebounded this month after a slight fall in March in Europe's biggest economy when companies worried about the Crimea crisis.
  
  
  
  
  
  
  
  
  
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