World Business News Headlines | Business

Alabama likely site of new VW plant: report

Sun, 06 Jul 2008 03:45:46 +0800

FRANKFURT (Reuters) - Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.

BP sues Russian partners in TNK-BP

Sun, 06 Jul 2008 01:25:57 +0800

MOSCOW (Reuters) - Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as back-tax claims in Russia.

Argentine lawmakers back export taxes

Sun, 06 Jul 2008 01:14:00 +0800

Argentina's lower house of Congress on Saturday approved a package of grain-export taxes that have sparked nationwide farm protests and food shortages.

Auto sector woes could spur deals: Renault CEO

Sun, 06 Jul 2008 01:04:33 +0800

By Sudip Kar-Gupta

Postbank sale may fail over target price: report

Sun, 06 Jul 2008 01:02:52 +0800

FRANKFURT (Reuters) - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.

Calm in Mongolia as emergency rule ends

Sun, 06 Jul 2008 00:57:13 +0800

(Recasts lead with end of state of emergency)

BP sues Russian partners in TNK-BP for $357 mln

Sun, 06 Jul 2008 00:49:15 +0800

MOSCOW, July 5 (Reuters) - Oil major BP said on Saturday it is suing its partners in the Russian venture TNK-BP in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as back-tax claims in Russia.

Ghosn (Renault) prédit une consolidation du secteur automobile

Sun, 06 Jul 2008 00:35:53 +0800

AIX-EN-PROVENCE, 5 juillet (Reuters) - Les difficultés que traverse le secteur automobile dans le monde vont relancer les projets de consolidation entre les constructeurs, a estimé samedi le P-DG de Renault, Carlos Ghosn.

Auto sector's woes could spur deals - Renault CEO

Sun, 06 Jul 2008 00:09:31 +0800

(Updates throughout with more Renault comments, background)

Companies begin quest for oil, gas off Fla. coast

Sat, 05 Jul 2008 20:56:00 +0800

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive.