LONDON, Feb 9 —The euro rose today on speculation that European Union nations could bail out errant member Greece, while global stocks inched higher, lifted by emerging market shares.
Wall Street looked set to open stronger.
Expectations about a rescue for Greece followed news that European Central Bank President Jean-Claude Trichet was leaving a meeting of central bankers in Sydney early to attend a European Union leaders’ summit.
WASHINGTON, Feb 9 — The US government will continue its investigation into 2010 Prius hybrids (picture) over braking complaints even though Toyota Motor Corp has announced a recall of that model, the Transportation Department said today.
Transportation Secretary Ray LaHood said in a statement that his agency would remain in “constant communication” with Toyota to “ensure that all possible defects” are identified and fixed as quickly as possible.
The National Highway Traffic Safety Administration opened a formal probe into the newest gas-electric Prius hybrid on Feb 3 after receiving 124 complaints from owners about momentary loss of braking while driving on rough road surfaces. The number of those complaints has risen sharply since.
LONDON, Feb 9 — After New Year cheer, reality is starting to bite.
Several factors have doused the rallies in some key basic resources this year, including dollar strength and concern about regulation, but most noticeable are the steps taken by commodity consuming giant China to curb excessive loan growth.
While the moves made so far are relatively small, the prospect of higher borrowing costs is proving hard to digest and looms large over sentiment.
KUALA LUMPUR, Feb 9 — UMW Toyota Motor will be initiating a special service campaign to address the brake issue with the Toyota Prius.
President Kuah Kock Heng said the company’s technicians are being trained to undertake corrective measures.
“To-date there are over 60 units of the third generation Toyota Prius sold since its launch in October 2009,” he said in a statement today.
LONDON, Feb 9 — The London Metal Exchange said today it will open LME Asia, its first overseas office, in Singapore to serve members’ needs and make the most of opportunities in the region.
“LME Asia will be led by Liz Milan, the LME’s current commercial director, who will take on the role of managing director Asia,” the LME said in a statement.
Milan would not comment on her replacement, but said it will be announced in due course. She also told Reuters that the LME board had approved her appointment and that she is aiming to take up her new responsibilities in Singapore in early April.
