Hot cars at the Detroit auto show

The North American International Auto Show begins this week in Detroit with media and industry previews. It opens to the public on Saturday.

What's news

Governments And Policies

First LGFV default likely this year

China is likely to see the first case of a default by a local government financing vehicle this year, said Zhang Zhiwei, chief China economist with Deutsche Bank AG.

Quotes of the day

A year of critical and fundamental change

China will be the focus of many boardroom discussions around the world next year. What will be at the center of these conversations? I believe that it will be a debate about Chinese consumers and how they will behave in a slowing economy and, ultimately, the extent to which they will be the driver of economic growth over the next few years. Let me elaborate.

Opportunities abound for PE firms in China

Private equity firms will have an active and profitable 2015, based on the rapid development of the Internet, the blossoming of startup companies and the benefits of China's financial reforms, the chairman of the Beijing Private Equity Association said.

Broader options for funding will help companies expand in Europe

The expansion of mainland-based financial firms in Europe will speed up in the coming years as the government expands funding for the nation's companies' moves to invest and operate overseas.

Rouble 'set to touch new lows'

Ratings agencies say economic outlook worsens amid Ukraine conflict, oil fall

Convertibles return along with economic confidence

Americans are ready to let their tops down and feel the wind through their hair.

Apple alters pricing of software applications to mirror currency fluctuation

Apple Inc changed the prices of software applications from Canada to Europe last week, in one of the company's broadest global responses to currency fluctuations in recent years.

Russians' reality: Foreign exchange woes hit mortgages

When they took out a mortgage on a small two-room apartment seven years ago, Oksana Li and her husband hoped to make a new home for themselves and their young son.

Pure breath of fresh air refers to big money

Bengt Rittri, founder and CEO of Swedish air purifier manufacturer Blueair AB, says he is often asked by Chinese customers why a man in Stockholm, Sweden, one of the cleanest cities in Europe, would decide to make air purifiers.