Oil steady around $73 amid worries over demand
PERTH (Reuters) – Oil was little changed on Monday, trading close to six-week lows amid concerns about global growth and sluggish oil demand.
JAL says still neutral on Delta or American tie-up
TOKYO (Reuters) – The new president of Japan Airlines Corp said the bankrupt carrier has not yet decided whether to stick with partner American Airlines or defect to Delta Air Lines and its SkyTeam group.
Citi plans sale of private equity unit: report
NEW YORK (Reuters) – Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter.
China faces price pressures as economy shows strength
BEIJING (Reuters) – China’s economy made a strong start to the year, according to a pair of business surveys released on Monday that also underlined the mounting challenge policymakers face to curb inflation.
Toyota to announce pedal fix plan in U.S. on Monday
TOKYO (Reuters) – Toyota Motor Corp will announce on Monday details of its plan to fix accelerator pedals that have led to the recall of 2.4 million cars in the United States as it scrambles to put its worst public relations crisis behind it.
Asia shares fall to three-month lows
SINGAPORE (Reuters) – Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week.
Russia’s Deripaska says will stay as RUSAL CEO
DAVOS, Switzerland (Reuters) – Oleg Deripaska will remain as UC RUSAL’s chief executive after losing majority control of the indebted aluminum giant in a $2.2 billion IPO, he said in an interview cleared for publication on Monday.
Obama seeks to tame runaway U.S. deficits
WASHINGTON (Reuters) – President Barack Obama will seek on Monday to strike a balance between taming skyrocketing U.S. budget deficits and giving the economy a boost to ease the pain of double-digit unemployment.
Buyer hopes Tengzhong-Hummer deal done in Spring
HONG KONG (Reuters) – A major shareholder of the Chinese company buying General Motors’ Hummer brand said on Monday that he hopes the deal can be approved by the Chinese government this spring, paving the way for production of the iconic SUVs in China…
China may raise rates when CPI above 2.25 percent: adviser
SHANGHAI (Reuters) – China might increase interest rates once consumer inflation exceeds the one-year benchmark deposit rate of 2.25 percent, a prominent government adviser said on Monday.