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Renault sells Nissan stake as part of rebalanced alliance
Renault sells Nissan stake as part of rebalanced alliance
Economy
by  AFP

Renault said Tuesday that it was selling to Nissan part of the stake it owns in the Japanese automaker as the two companies rebalance their alliance. As part of the rebalanced alliance Nissan took a stake in Renault's new electric car division called Ampere. tsz/rl/rox

Asia tracks Wall St rally ahead of run of data, Fed decision
Asia tracks Wall St rally ahead of run of data, Fed decision
Economy
by  AFP

Stocks tracked Wall Street higher and the dollar retreated Tuesday as traders awaited a bumper round of market-moving events, starting with the release of US inflation data later today. As well as the CPI figures, traders are also awaiting the release of data on US producer prices, retail sales and manufacturing.