Ailing giant car company Ford, has decided it needs to focus on its core product set and is starting the process of dumping its ‘vanity’ projects. Bill Ford announced that the first company from its so-called Premier Automotive Group, Aston Martin would be put on the block and auctioned off. Ford is reckoning on...
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The European Central Bank will keep interest rates unchanged at today’s governing council meeting, but ECB president Jean-Claude Trichet is likely to signal that the central bank is preparing to hike rates at the following council meeting on Oct 5, economists said. The ECB raised rates at its last meeting on Aug 3, and...
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