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UPDATE 1-Argentine opposition set to keep Buenos Aires city hall

BUENOS AIRES, July 5- Argentina's business-friendly PRO party won Sunday's mayoral election in the capital Buenos Aires by 20 percentage points, but failed to capture enough votes to avoid a run-off with the No. 2 contender later this month, official returns showed. With 91.4 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing...
Source: Reuters | By: Jorge Otaola
Argentine opposition set to keep control of Buenos Aires city hall

BUENOS AIRES, July 5- Argentina's business-friendly PRO party appeared to win Sunday's mayoral election in capital city Buenos Aires, a key electoral district, but not by a big enough margin to avoid a run-off vote later this month, early official returns showed. With 59 percent of the vote counted Horacio Rodríguez Larreta, chief of staff to outgoing mayor and...
Source: Reuters
Russian billionaire builds largest sailing yacht

Russian billionaire Andrey Melnichenko is building what is believed to be the largest sailing yacht ever built, at a length of more than 480 feet.
Source: CNBC.com | By: Robert Frank
Hyundai sees future in hydrogen-powered cars

YONGIN, South Korea- Hyundai Motor Co. says hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales. South Korea's largest automaker sold or leased about 250 of its Tucson Fuel Cell vehicles since beginning production in 2013, lower than its 1,000 target, mostly in Europe and California.
Source: The Associated Press
Hyundai sees green future in hydrogen-powered cars

YONGIN, South Korea- Hyundai Motor Co. said Monday it believes hydrogen fuel cell vehicles are the future for eco-friendly cars despite challenges of limited infrastructure and slow sales. South Korea's largest automaker has sold or leased 273 Tucson fuel cell SUVs since beginning production in 2013, lower than its 1,000 target, mostly in Europe and...
Source: CNBC.com
New Chevy Cruze gets bigger and roomier with more power

DETROIT- Five years ago, General Motors revealed an all-new compact car in the U.S. that was designed to enter a market that GM ignored for decades. The Chevrolet Cruze accomplished its mission. "We retained all the attributes that made the original Cruze a hit around the globe and built on them to make this car more sophisticated, more fun," said Alan Batey, GM's North...
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
Motley Crue's Nikki Sixx: Apple did right thing  

In an open letter to Apple, Taylor Swift helped convince the company to change course and pay artists during its free-trial streaming period. Nikki Sixx of Motley Crue weighs in.
Source: CNBC.com
DEALTALK-Hong Kong brokers in M&A limelight as stock boom sparks tycoon interest

*Hong Kong- Shanghai stock link has led to boom in trading volume. Tycoons such as Alibaba co-founder Jack Ma and solar magnate Cheng Kin Ming have bought into the sector, fueling investor excitement. They come on the back of a near doubling in the city's trading volumes after China allowed retail investors to buy Hong Kong shares for the first time via a trading...
Source: Reuters | By: Denny Thomas and Elzio Barreto
Renewable power will overtake coal if pledges kept

Renewable power will become the world's top source of electricity if pledges for a global climate change deal are met, the Financial Times reports.
Source: Financial Times | By: Pilita Clark
UPDATE 1-Volkswagen group sales fall for second month

*January-May sales in China down 1.1 pct. FRANKFURT, June 12- Volkswagen group sales fell for a second month in May and at a faster pace than in April, highlighting the German carmaker's difficulties in weak emerging markets. Deliveries at the 12- brand group, including luxury division Audi and sports-car maker Porsche, slid by 2.6 percent to 858,000 vehicles in...
Source: Reuters