BUCHAREST (Romania) - AILING US carmaker Ford Motor Co. will receive euro143 million (S$279 million) in aid from the government of Romania, where the company owns a carmaking plant, lawmakers said on Tuesday.
FRANKFURT - EUROPEAN Central Bank governing council member Axel Weber, the president of Germany's Bundesbank, said on Tuesday he would like the euro area's main interest rate to be cut no further than to 1 per cent.
NEW YORK - US STOCKS leapt at the market open on Tuesday after troubled banking giant Citigroup offered an upbeat profit outlook, raising investor confidence.
TALLINN - THE European Union must brace for a protectionist assault on its free market principles, European Commission Vice-President Siim Kallas warned in a letter published on Tuesday.
