Mercedes not chasing volume at any price - Daimler CEO FRANKFURT, Feb 5- Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand. Exactly the opposite is true, "he told analysts at a conference to discuss fourth-quarter results in Stuttgart. The Mercedes CEO was more upbeat about...
Rand Paul suspends run for White House U.S. Republican Rand Paul suspended his 2016 presidential bid on Wednesday after his small-government campaign failed to gain traction with voters.
| By: CNBC.com staff
PRECIOUS-Gold sticks near 3-month high as risk aversion in play MANILA, Feb 3- Gold stabilized near a three-month top early on Wednesday, its safe-haven appeal kept intact by concerns over a wobbly global economy that has put share markets under pressure. *Spot gold was off 0.2 percent at $1,127.07 an ounce by 0044 GMT, not far below Tuesday's peak of $1,130.30, its strongest since Nov. 3. *But Kansas City Fed Bank President Esther...
Why self-driving cars could upset insurers Self-driving cars and automatic safety features are set to reduce the number of road accidents, but could dent the revenues of car insurers.
| By: Luke Graham, News Assistant
New Indian rule backfires, boosts unofficial gold trade If the rule does fail, gold inflows will continue unabated in India, flying in the face of Prime Minister Narendra Modi's efforts to curb costly imports and stop the metal from being used to hide billions of dollars of undeclared "black money". India made it mandatory for customers to disclose their tax code, or Permanent Account Number, for purchases above 200,000...
| By: Rajendra Jadhav
WRAPUP 2-China shares end higher, yuan fixed firmer SHANGHAI, Feb 2- Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1...
| By: Samuel Shen and Pete Sweeney
Amtrak engineer recalls opening throttle before fatal crash WASHINGTON— The last thing Amtrak engineer Brandon Bostian remembers before last May's fatal crash in Philadelphia is pushing the throttle forward to pick up speed and then braking when he felt the train going too fast into a sharp curve, according to a transcript of his interview with federal accident investigators. The transcript was among more than 2,200...
Source: The Associated Press
| By: By JOAN LOWY and MICHAEL R. SISAK, Associated Press
American Airlines says too early to tell Zika's impact on travel NEW YORK, Jan 29- American Airlines' president on Friday said it is too early to tell if the rapidly spreading Zika virus will impact travel, but so far the airline has seen no material change to flight bookings. American Airlines President Scott Kirby said on a call with investors that Zika could put a further dent in revenues for American, which has the widest Latin...
| By: Jeffrey Dastin
French, Finnish reactor problems cast shadow over UK nuclear plan *Hinkley Point too crucial for EDF to abandon. PARIS, Jan 28- Intractable problems at two nuclear plants under construction in France and Finland threaten more delays to EDF's plan to build four nuclear reactors in Britain. The state-owned French utility announced an 18 billion pound project in October to build two Areva-designed European Pressurised...
| By: Geert De Clercq and Benjamin Mallet