Weekly news file International business

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Pooja khullar

Ford to sell down Mazada stakes to few percent

Ford Motor Co plans to sell almost all of its remaining stake in Mazda Motor Corp as it distances itself from the Japanese automaker it once controlled, a source with knowledge of the matter said on Saturday.

US gives currency diplomacy another chance

The US Treasury's currency report delay suggests Washington wants to give diplomacy another chance to convince China it is in everyone's interest to speed up the yuan's rise.

EURO zone sticter fiscal reforms:ECB prez

European Central Bank President Jean-Claude Trichet said more ambitious reforms of euro zone budget rules were needed than those proposed by the European Commission.

Bombardier to launch 2 new business jets

The company said on Saturday its new Global 7000 aircraft would feature a four-zone cabin and volume of 2,637 cubic feet (74.67 cubic meters).

US launches CHINA trade investigation

The Obama administration has decided to launch an investigation into various Chinese practices that a major US union says are robbing American workers of jobs.