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Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.Volkswagen said the bulk of the cash will flow into developing more efficient vehicles and production methods, taking its capital expenditure to between 6 and 7 percent of revenue in the period ...
World shares surged on Friday as China surprised markets with its first interest rate cut in more than two years and the European Central Bank's Mario Draghi threw the door wide open to full scale money printing.European shares, oil and other growth sensitive commodities all leapt as China's move to cut rates to 5.6 percent gave markets a welcome lift after a week where data has shown its giant economy ...
Gold prices declined further in an otherwise listless domestic bullion market today due to lackluster demand from jewellery traders and retailers. On the other hand, silver remained virtually steady in the absence of industrial buying support. Standard gold (99.5 purity) lost Rs 40 to conclude at Rs 26,375 per 10 grams from Thursday's closing level of Rs 26,415. Pure gold (99.9 purity) dropped by ...
Gold fell on Friday as comments from European Central Bank chief Mario Draghi reignited speculation that the bank will inject more monetary stimulus into the euro zone economy, driving the euro lower against the dollar.Draghi said inflation expectations were dropping to levels he considered excessively low. Gold, which is priced in the dollar and tends to fall when the U.S. unit strengthens, surrendered ...
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