China and Brazil plan to sign a deal to do up to $30 billion of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the U.S. dollar and euro. Brazil's foreign trade minister Fernando Pimentel says the agreement would involve nearly half his country's $75 billion annual trade with China.
Some critics have argued that the low-interest-rate policies could feed a global currency war, which is lowering currency values to make products more competitive on global markets. Bernanke said the current efforts should support stronger trade flows by boosting growth in major economies so that they could buy more goods from developing countries.
The Indian unit of Ford Motor Co. has apologized for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car. The ads were never used commercially but appeared over the weekend on a website showcasing creative advertising.
Germany's Bosch says it is abandoning its solar energy business because there's no way to make it economically viable amid overcapacity and price pressure in the industry. The engineering company said Friday that it will stop making components such as solar cells and wafers at the beginning of next year.
Mask makers have come up with several variations. There are masks designed to fit snugly around the nose so they don't fog up glasses, and masks that can be taped directly to the cheeks. Iris Ohyama offers scented masks, in peppermint, rose menthol, grapefruit and lime/orange.
Employees at GM's Opel plant in Bochum have rejected a redevelopment plan, which means production there could end by late 2014. German news agency dpa said 76.1 percent of the Bochum plant rejected a redevelopment plan, which implied that after the year 2016 there would have been only 1,200 jobs left. About 3,200 persons now work at the unit in Bochum.
New York state has a new agreement with Israel aimed at increasing collaboration on nanotechnology research. Gov. Andrew Cuomo announced Wednesday that his administration has signed a memorandum of understanding with Israel that will expand technological and economic relations in nanotechnology, which involves manipulating matter on an atomic scale.
Investigators have traced a coordinated cyberattack that paralyzed tens of thousands of computers at six South Korean banks and media companies to a Chinese Internet Protocol address, but it was not yet clear who orchestrated the attack, authorities in Seoul said Thursday.
Supermarkets began selling Marmite again Wednesday for the first time since March 2012, when supplies ran out. A series of earthquakes in the city of Christchurch forced manufacturer Sanitarium to close the only factory that made New Zealand's version of the yeast-extract product.
Chinese manufacturing rebounded modestly in March after dipping during the country's biggest public holiday the month before, a survey on Thursday showed, in a sign of gradual recovery in the world's second biggest economy. HSBC's preliminary version of its purchasing managers' index for March rose to 51.7 on a 100-point scale.
Suntech Power Holdings Ltd. said eight Chinese banks asked a court to declare it insolvent after the company missed a $541 million payment to bondholders last week. Suntech said it would not oppose the petition. The development is a dramatic reversal for a company that was a leading force in China's fast-growing renewable energy industry.
Officials have told residents their drinking water is safe, while authorities have censored microblog posts suggesting that the public organize peaceful protests. The official response reminds many of the government silence that surrounded previous health concerns, from the SARS epidemic to bird flu to contaminated milk.
Ford Motor Co. will pay $750 million in separation benefits to hourly workers at a Belgian factory it plans to close next year. Ford revealed the cost in a government filing Tuesday. Ford employs 4,000 hourly workers at the Genk plant. Most approved the separation plan last week.
The bleeding was stopped nearly three years ago, as manufacturing jobs have been slowly increasing since then. In fact, over 14,000 manufacturing jobs were added in February alone and a total of around 500,000 have been generated since 2010.
Suntech, one of the world's biggest solar panel manufacturers, said Monday it has defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry. The announcement was a severe setback for a company lauded by China's Communist government as a leader of efforts to make the country a center of the renewable energy industry.
Chinese President Xi Jinping met Tuesday with visiting U.S. Treasury Secretary Jacob Lew in the first high-level exchange between the sides in six months and the start of a series of meetings that will test the potential for cooperation.
The Danish maker of colorful plastic building blocks for children said it's investing at least $130 million in the new plant, which will be fully operational by 2017. The factory will be located in Jiaxing, 67 miles southwest of Shanghai.
Bo Jiang, a Chinese national, has been arrested on charges of lying to federal agents, and was under investigation for possible violations of the Arms Control Export Act.
Benjamin Pierce Bishop, who worked in intelligence at Pacific Command, is accused of giving his Chinese girlfriend information on existing war plans and U.S. nuclear weapons.
Indonesian airline Lion Air is to buy 234 short to medium range aircraft from Airbus for €18.4 billion ($24 billion), in what is being billed as the biggest civilian deal in the history of the aircraft manufacturer. Airbus said it would secure 5,000 jobs at a time when French unemployment hovers around the 10 percent mark.
Tensions — and even confrontation — between unions and management have long been the norm in France. Strikes and protests have periodically paralyzed the country. The country saw a raft of "boss-nappings" in 2009 as companies tried to lay off staff during the first wave of the financial crisis.
In the demonstration lasting about two hours, the employees called for continued operation of the passenger car tire-making factory, which Bridgestone Corp. said earlier this month will close in the first half of 2014 due to deterioration of the facility's profitability and changing market conditions.
Dole Food Company Inc. said Thursday it will appeal a decision by a European court that fines the company €45.6 million ($59.3 million). The European Union fined Dole and several other produce companies in 2008, saying the companies were part of a cartel that fixed prices for bananas in eight EU countries roughly 10 years ago.
Local authorities on the Aland Islands in the Baltic Sea say a local brewer will begin producing a beer inspired by bottles found in a 19th century shipwreck three years ago. Five bottles of beer, along with 168 bottles of champagne, were pulled from a submerged schooner that experts believe sank in the 1840s.
Boeing Co. said Thursday that it received a commitment from Swiss International Air Lines to buy six of its 777-300ERs. Boeing said it will work with Swiss to sign a firm order. The large, long-haul planes have a list price of $1.9 billion, although discounts are common.