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LONDON (Reuters) – The MSCI world equity index looked set on Tuesday for its best quarterly gain since its 1988 launch and oil was on course for its strongest quarter since 1990, as recovery talk fired up markets in the past three months.
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LONDON (Reuters) – Oil prices rose above $72 a barrel on Tuesday, paring gains after earlier jumping more than 2 percent on unprecedented Asian trading volumes.
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Oil rises above $72, after hitting 8-month high
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BAGHDAD (Reuters) – Iraq will auction off eight giant oil and gas fields on Tuesday in its first major tender since 2003, giving oil firms a foothold in a country that may hold some of the world’s largest untapped energy reserves.
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Iraq launches historic oil and gas auction
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With diesel fuel prices down and rivals’ diesel programs halted, German carmaker Audi has launched a U.S. marketing push
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Clean Diesel Is Coming! Clean Diesel Is Coming!
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TOKYO (Reuters) – Japan pledged to shore up Elpida Memory Inc with public money, bringing the total aid coming to the loss-making chip maker to $1.7 billion as it struggles compete with its larger South Korean rivals.
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Japan’s Elpida secures lifeline with $1.7 billion aid
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A passenger jet from Yemen with 153 people on board crashed in the Indian Ocean early Tuesday as it tried to land during heavy wind on the island nation of Comoros, a Yemeni aviation official said. Bodies were spotted floating off the coast and a Comoros…
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Yemen plane crashes off Comoros with 153 on board
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It’s seems an unlikely combination, but is the deal between Toyota and Aston Martin, announced yesterday, such a bad idea? Under the plan, Aston Martin will sell a version of the tiny Toyota iQ (pictured above) called the Cygnet to existing clients. The price is likely to be around $30,000. “Small is beautiful these days,” Ulrich Bez, Aston Martin’s chief executive said yesterday reports the Times of London. “We have to move on from the preconceived ideas regarding what Aston Martin is about.”
Predictably, most comments on car blogs have been pretty harsh, ranging from outright rage to disbelief. But why not? The iQ, while not exactly a popular sight on Japan’s roads–I think I’ve seen four since it was released late last year–is a fun, innovative car. In Cygnet form, may be useful for Aston Martin when fuel economy regulations get stricter in the years ahead. Aston Martin when fuel economy regulations get stricter in the years ahead. It may also help Aston Martin enthusiasts assuage concerns, assuming they have any, about the environmental damage caused by their 4.8 liter V8 or 6.0 liter V12 Vantages. And as it’s only going to be sold to Aston Martin owners, it’s not as if the hoi polloi will be able to get their hands on one easily.
From Toyota’s point of view, even a small association with a brand like Aston Martin, won’t do any harm. New president Akio Toyoda insisted on June 25, at his first press conference as Toyota chief, that cars must be more than just appliances for getting from A to B.
Interestingly, the move seems to have stemmed from a racing friendship built up between Toyoda and Bez. At the June 25 press conference, the Japanese exec name-checked Bez when asked about his love of racing. Under the pseudonym Morizo, Toyoda has been known (most recently in May) to drive a Lexus LF-A in races at Germany’s N
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HONG KONG (Reuters) – Asian stocks rose on Tuesday, the last day of a torrid quarter, as investors added to trades based on a rebound in economic activity, while funds slashed bets against a fall in oil prices to keep crude on track for its biggest quarterly gain in 19 years.
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Asia stocks up, oil surges at quarter’s end
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The Securities and Exchange Commission is seeking to permanently freeze the assets of a California financier accused of bilking investors until his fraud trial is over. Judge Philip S. Gutierrez said Monday he would rule next week on the assets of Danny Pang,…
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SEC wants financier’s assets frozen before trial
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The doctor had barely pulled away the needle when a blister appeared on Tracey Berg-Fulton’s abdomen: An experimental shot was revving up the 24-year-old’s immune system _ part of a bold quest to create a vaccine-like therapy for diabetes. “If we’re right,…
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A Contra Costa County judge last week sentenced Darryl Kemp to death for the random rape and murder of a young jogger. But chances are that Kemp will not be executed anytime soon, if at all. He is 73. It takes an average of 20 years to execute an inmate in… The rest is here:
California officials are facing a midnight deadline Tuesday to find a way to at least cut into a $24.3 billion state budget deficit and avoid the need to issue IOUs for the first time in nearly 20 years. Democrats tried two approaches on Monday, but both… Here is the original:
At the last minute, China pulls back on demands that PC-makers install censorship software on PCs. Manufacturers under the gun, like Palo Alto’s Hewlett-Packard Co., click heels in celebration, right? Not so as you’d notice, at least not publicly. Tuesday’s… Go here to read the rest:
Iraq’s fledgling government opened its vast oil reserves to foreign companies Tuesday for the first time in decades, auctioning contracts to increase production in the war-torn country’s sprawling oil fields. But the Iraqis drove a harder bargain than most…
Tech sales will drop more than previously expected in 2009, but the industry should start to recover before the year ends, according to a forecast issued Tuesday. Forrester Research said “scary” first-quarter results and weak second-quarter estimates now lead… Originally posted here:
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