REUTERS SHOWCASE
Job Plan
Obama proposes six-year plan to rebuild U.S. infrastructure with initial $50 billion investment. Full Article
BRIC Stocks
Stocks from the so-called BRIC group are starting to move in lock-step with developed market indices. Full Article
Oil Spill Costs
BP said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion. Full Article
Gold ETFs
Here we explain what are gold ETFs and why they might be preferable to owning physical gold. Full Article
White House, on Opel, says GM makes it own decisions
WASHINGTON |
WASHINGTON (Reuters) - The White House turned aside questions on Wednesday about the reason that General Motors decided not to sell Opel, saying that the auto company makes its own business decisions.
"I'll reiterate that business decisions by GM are made by the corporate leadership at GM and not by anybody at the White House," White House spokesman Robert Gibbs said, a day after U.S. President Barack Obama met with German Chancellor Angela Merkel.
German politicians seethed and unions tore up a deal to cut costs in protest after GM decided not to sell Opel, its European unit.
(Reporting by Caren Bohan, editing by Patricia Zengerle)
RBI may retain hawkish stance, data eyed
MUMBAI (Reuters) - The Reserve Bank of India (RBI) may not be ready to tone down its hawkish monetary policy just yet as it awaits more data to see whether signs of cooling growth are an aberration or a trend, three RBI sources said.
- India gold hits record high of 19,211 rupees
- Maruti Suzuki to invest $1.3 bln over 3 yrs on India plants
- BSE Sensex tests new 31-mth high; cement up
- All change at the top for UK banks Barclays, HSBC
- Etisalat doesn't see a deal with Reliance Comm this year
- Oracle up as former HP's Hurd joins as president
- Banks' margins may slip, focus on i-banking by 2020
PM warns of China's S.Asia clout
China is seeking to expand its influence in South Asia at India's expense, Prime Minister Manmohan Singh warned in rare public criticism of his country's rival. Full Article
No Etisalat-RComm deal this year
The Arab world's second-largest telecom operator by market value does not expect a deal with Reliance Communications in 2010, its international chief said. Full Article
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