April 8: View the news
April 8: View the news
A worker adjusts the wipers of a parked Alto car at a Maruti Suzuki stockyard on the outskirts of Ahmedabad
India's automobile industry is expected to grow 12 to 15% in FY12, Pawan Goenka, president of industry body Society of Indian Automobile Manufacturers (SIAM) said on Friday.
Goenka said passenger car sales are expected to grow at 16 to 18% in the year.
Car sales in India rose 24.4% in March, SIAM said, driven by a growing middle class in Asia's third-largest economy, easier access to loans and a wider choice of models.
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt
The euro rose to a near 15-month high against the dollar on Friday on the single currency's widening yield advantage, while oil surged to a two-and-a-half year high on worries that war in Libya and unrest in West Asia will disrupt supplies.
Higher oil prices also encouraged money to flow out of the dollar into the euro and stoked concerns about commodity-fuelled inflation, helping propel gold to another record.
'So far this year commodities are relatively unshaken by bad news on the macro front,' said Yingxi Yu, an analyst at Barclays Capital. 'The market is comfortable with the expectations of a recovering global economy with an emphasis on the developed world rather than the developing world.'
Asian shares rose as it appeared a strong aftershock that struck Japan's earthquake-ravaged northeast late on Thursd
A man walks past a Luk Fook jewellery shop in Hong Kong
Gold struck another record high on Friday as the dollar weakened against the euro, while silver hit a 31-year high after ETF holdings rose peaked on inflation worries driven by a surge in oil prices.
A strong aftershock in Japan on Thursday initially put pressure on the Nikkei, but investors turned their attention to the prospect of more declines in the dollar following the European Central Bank's first rate hike since 2008.
Spot gold rose as high as $1,465.56 an ounce, a record high, with an increase in SDPR holdings offering additional support.
'Maybe there is some dollar-related buying because it's weakening. People see the ETF increasing a bit, so they want buy some gold,' said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong.
'There's a small amount of physical buying. Jewellers are covering short, but it's a very small amount. Everybody is look
A supporter wearing a paper poster of social activist Anna Hazare attends a protest against corruption in New Delhi
Anti-graft activist Anna Hazare, whose hunger strike against corruption is drawing growing support, rejected on Friday an offer of talks saying the government was ignoring the wishes of the people.
Thousands held demonstrations across the country for another day on Friday in support of Hazare, who is demanding a tough anti-corruption law.
Congress president Sonia Gandhi said she was sure the government would pay heed to the views of Hazare, who is in his early 70s, as she appealed to him to end his four-day fast.
Cabinet minister Kapil Sibal offered to meet protest leaders but wanted them to withdraw a demand for their nominee to head a team to draft a new anti-graft law.
Hazare rejected the offer.
'They disregard the people's voice and then they claim to be the servants of the people,' a defiant Hazare said to app
A worker sets up a display of Galaxy Tab tablets at the Samsung Electronics booth in preparation for the 2011 International Consumer Electronics Show (CES) in Las Vegas, NevadaSamsung Electronics Co Ltd, the world's second-largest manufacturer, plans to roll out a new version of its flagship smartphone Galaxy S in South Korea this month through KT Corp, the telecommunications operator said on Friday.
The local debut of the ultra-slim Galaxy S II comes after bigger rival Apple Inc introduced the iPhone 4 in South Korea in September, expanding the offering by ending an exclusive deal with KT and adding SK Telecom Co Ltd last month.
South Korea is one of the most lucrative markets for Samsung's smartphones. It sold about 2 million Galaxy S handsets last year, one-fifth of the total global shipments.
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