Industry
Ford Q4 earnings beat analyst forecast
Ford Motor said its fourth-quarter earnings beat Wall Street analysts' expectations and reiterated 2016 pre-tax profit forecast to be identical to or greater than the previous year.
Hitachi cut 2016 outlook amid poor demand
Hitachi Construction Machinery said that it has revised its earnings outlook for the fiscal year of March 2016. Hitachi blamed foreign exchange losses for its revised forecasts.
Oil rises on production cut speculation, pares losses in January
Oil prices rebounded on news that there may be production cut by OPEC. US Brent futures recouped losses by 6.8 percent and US crude pared 9.3 percent losses during the week. In overall, oil prices rebounded by over 25 percent after hitting 12-month low in January. Oil price hit $27.10 on 20 January 2016.
India needs $10 billion funds for road projects
India's Transport Minister Nitin Gadkari said that the country needs $10billion funds to give a push to the economy growth. The Indian government is targeting $14.7 billion investments for infrastructure projects in next three years. The Finance Ministry has also increased budget allocations by 50 percent for infrastructure projects.




