N.Z. Manufacturing Sales Increase Most in 7 Years

New Zealand manufacturing sales increased the most in more than seven years in the fourth quarter, led by higher production in the meat industry.
Sales volumes adjusted to remove inflation rose 3.1 percent from the previous three months, when they fell a revised 1.7 percent, Statistics New Zealand said in a statement in Wellington […]

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GM recall - 1.3 million Chevrolets and Pontiacs

General Motors has recalled 1.3 million Chevrolet and Pontiac models in North America for power steering failures that are tied to 14 crashes and one injury in the United States, the company said Tuesday.
The recall affects 2005-2010 Chevrolet Cobalt and 2007-2010 Pontiac G5 models sold in the United States, 2005-2006 Pontiac Pursuit vehicles […]

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South African Recovery May Close Door on Rate Cuts

South Africa will probably report this week that the economy is expanding at its fastest pace in more than a year and that inflation exceeded the target range for a second month, closing the door on interest rate cuts.
Regulators may also announce an increase in electricity prices of as much as 30 percent […]

‘Brake override:’ The fix Toyota should have had

There’s one safety feature that Toyota could have had in its cars for years that would have stopped many, perhaps even most, cases of unintended acceleration — it’s called ‘brake override.’
Toyota has been saying for several weeks that it will add the feature to all of its new cars, and singled out the technology […]

Wind company Vestas to lay off 114

Vestas Americas on Thursday cut 114 positions, or 6 percent of its North American work force, due to sluggish demand for wind energy projects.
Vestas Americas is the Portland-based North American headquarters of Vestas Wind Systems A/S, the Randers, Denmark-based wind turbine manufacturer.
The cuts impact only 15 at the company’s Portland office, which employs around 500 […]

FutureGen timeline

FutureGen timeline
February 2003 — President George W. Bush announces initiative to develop coal-fueled power plant with near-zero emissions.
April 2003 — Utilities and mining companies, including St. Louis-based Peabody Energy, organize to help build plant, dubbed FutureGen.
December 2005 — Department of Energy, companies sign agreement to develop plant.
April […]

Kan Appointment Raises Fiscal Discipline Concern, Moody’s Says

The replacement of Japan’s finance minister four months into the government’s term increases concern about the commitment to rein in budget deficits, Moody’s Investors Service said.
“Japan’s fiscal strategy unknowns deepen” with the appointment of Naoto Kan last week, Thomas Byrne, senior vice president of Moody’s in Singapore, wrote in a note today.
Byrne’s […]

South Korea Exports Rise at Fastest Pace in 17 Months

South Korea’s exports increased at the fastest pace in 17 months, adding to signs that Asia’s fourth-largest economy is recovering from the global recession.
Overseasshipments gained 33.7 percent in December from a year earlier to $36.2 billion, the Ministry of Knowledge Economy said today. That was more than the median 27.9 percent forecast in […]

China Trade Surplus to Fall 19% as Imports Surge, Merrill Says

China’s trade surplus may slide 19 percent in 2010 as imports surge because of growing domestic demand, Bank of America-Merrill Lynch said.
The amount will narrow to $160 billion from an estimated $198 billion this year, Lu Ting, a Hong Kong-based economist for Merrill, said in an interview today.
A smaller surplus may reduce […]

Ministers meet for pension crisis talks

OTTAWA–With nearly a third of all Canadian families lacking any pension savings, Finance Minister Jim Flaherty and his provincial counterparts are hoping in the next few days to find new ways to keep seniors from winding up in poverty. While the gathering in Whitehorse on Thursday and Friday is far too short to solve […]