NEW YORK - US STOCKS ended mixed on Tuesday as the Federal Reserve policy committee met to grapple with economic and financial concerns dogging the recession struck economy.
DEARBORN (Michigan) - FORD Motor will receive nearly US$6 billion (S$9 billion) in US government loans to spur development of more fuel-efficient vehicles, the Obama administration said on Tuesday.
Japan's Nissan Motor will receive US$1.6 billion, and start-up Tesla Motors will receive US$465 million in advanced technology financing from the Energy Department program.
WASHINGTON - SALES of previously owned US homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.
The chief economist of the National Association of Realtors (NAR), which released the data on Tuesday, said sales in some areas appeared to be slowing and warned of the danger of a 'delayed' housing market recovery.
BRUSSELS - THE European Union and the United States on Tuesday launched WTO action against China, accusing it of restricting raw materials exports to feed its domestic market.
