Venezuela to announce change in fuel policy 'soon'

Venezuela will announce a change of policy soon on gasoline, the finance minister said in an interview broadcast on Friday, signaling the OPEC nation is moving ahead with along-awaited hike in the world's cheapest fuel.


GM confirms compact electric car to be made at Michigan plant

General Motors Co (GM.N) said Thursday it will build a compact electric car at an assembly plant near Detroit, where it will invest $200 million for the project.

Italy GDP stagnated in fourth-quarter 2014, held back by weak domestic demand

Italy's economy stagnated at the end of last year, marking the 14th consecutive quarter without any growth as an increase in exports was offset by weak domestic demand, data showed on Friday.

Oil tops $60 for first time in 2015, industry spending cuts support

Oil rose above $60 a barrel on Friday for the first time this year, bringing its gain this week to almost 4 percent, supported by signs that deeper industry spending cuts may curb excess supply.


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Xiaomi [XTC.UL], China's largest smartphone company, will begin selling headphones, smart wristbands and other accessories online in the United States in coming months, taking its first tentative step onto Apple Inc's home turf without its signature Mi mobile devices.
Bank of Japan policymakers meet next week for that most delicate of monetary missions - raising inflationary expectations without scaring households into cutting back consumption.
Oil prices rallied sharply on Thursday after two days of losses as news of deeper industry spending cuts and a sinking U.S. dollar revived buying.
Exxon Mobil Corp's (XOM.N) push to persuade workers at its Beaumont, Texas refinery to sign a five-year contract, nearly twice as long as the last one, is part of an effort to avert labor stoppages during a possible expansion that could make it the largest such plant in the United States, sources familiar with refinery operations said.
General Motors Co (GM.N) has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the No. 1 U.S. automaker, the company told Reuters.
An oil tanker has docked at Libya's port of Hariga for the first time since security guards ended a strike this week and a storm passed, a port official said on Thursday.
The aerospace industry is shifting more manufacturing investment to the United States after a decade in which production jobs in the sector flowed to China and other emerging economies, according to a new study.
Chinese Premier Li Keqiang has urged Greece's new leftist Prime Minister Alexis Tsipras to ensure protection of the rights of China's companies and backing for a key port project, the Chinese Foreign Ministry said on Thursday.
Thailand plans to build high-speed railway links connecting Bangkok to tourist destinations south of the Thai capital modeled on Japan's bullet trains, Thai Prime Minister Prayuth Chan-ocha said on Thursday.
The Republican-led Congress gave final passage on Wednesday to a bill to approve the long-pending Keystone XL pipeline, a measure that next goes to President Barack Obama, who has vowed to veto it.