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BBC News World
No agreement for US car bail-out US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out. Citigroup is 'considering sale' One of America's biggest banks may sell parts of its business or merge with a rival, according to newspaper reports. Russian oil giant circles Repsol Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil. Eurozone business activity falls Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows. Gap profits higher than expected American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits. Italian telecoms talks collapse Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements. Rwandan growth could reach 10% Rwanda's booming manufacturing and farming sectors could push growth in the country to 10% this year, its central bank says. Japan keeps rates on hold at 0.3% Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook. Oil price up as Asian stocks rise Oil prices bounce back from a three-and-a-half year low, tracking Asian stocks higher, but are still below $50 a barrel. US global power 'set to wane'
US dominance is likely to weaken by 2025 as India and China grow stronger, a new Washington intelligence report says. |
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