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Honda Quits F-1, Mercedes wants to cut costs by 50%. Is the F1 in Trouble?
After one of the most exciting years the Formula 1 competition has ever had, a championship which was decided in the final lap of GP Brazil. To many right there and then the astonishing... Honda blames global crisis for F1 withdrawal
Well the circus F1 needs a new goal, Honda first to retreat " Chief executive Takeo Fukui announced at a news conference in Tokyo that the company would be willing to sell the team and will withdraw from the 2009... Honda to sell new gas-electric hybrid next year
Amidst the sky rocketing oil prices, World's top automobile company Honda Motors have announced launching of new hybrid car by next year. " Honda Motor Co. will sell a new, improved and affordable gas-electric...Nano leads India's small car challenge at Geneva Motor Show
Nano leads India's small car challenge at Geneva Motor ShowJapan Leaves Interest Rates On Hold As Expected
Latest: The Bank of Japan (BOJ) kept monetary policy unchanged by unanimous vote. BOJ said it will encourage the uncollateralized overnight call rate to remain around 0.25%. This outcome is in line with market expectations. This is the sixth meeting BOJ kept policy...Temporary truce between US bulls and bears?
No surprises from BOJ's Governor Fukui's words today when he said that the BOJ "will support sustainable growth under price stability by conducting appropriate monetary policy while carefully checking economic and price conditions." He said the economy is expanding gradually...Can USD's lucky streak be maintained?
US bulls are happily and deliriously riding on NFP (non-farm payrolls)'s âonce-in-a-lifetimeâ big fat upward revision of employment figures for the 12 months that ended in March 2006, which will translate to an average of 236,000 jobs a month, or a whopping...USD/JPY looking bearish after Fukui's speech
USD/JPY declined on news from BOJ Governor Fukui who says he cannot rule out the chance of another rate hike this year. Fukui offers no specifics, but does say a gradual adjustment of rates can be expected and the BOJ will closely monitor the economy. Fukui predicts that the...Chefs Prepare for Annual Giant Jellyfish Invasion
"Each year, in an annual rite of autumn, giant jellyfish (echizen kurage) invade the seas around Japan, damaging nets, interrupting fishing operations and reducing the overall quality and quantity of catches. This year the residents of Fukui prefecture have a new strategy to...Japan to hike interest rates for first time in six years (AFP)
" TOKYO (AFP) - The Bank of Japan will raise interest rates next week for the first time in nearly six years in a sign that the Japanese economy is gaining momentum, news reports say. With Japan expected to shake off deflation, the central bank has judged that all conditions...NowPublic on Facebook
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