Chrysler wants to boost presence in Russia: report

(Reuters) - Chrysler was currently talking about possible partnerships with Russian companies, the report said.




The U.S. car company is looking for worldwide business opportunities, having been put up for sale by its parent DaimlerChrysler after an unsuccessful nine-year partnership.


Read more at Reuters.com Business News

US crude jumps $1 on gasoline worries

(Reuters) - U.S. crude oil prices rose a dollar Friday on concerns over low gasoline supplies heading into the travel-heavy Memorial holiday weekend.

Rising tension surrounding Iran and Nigeria, two of the world's leading oil producers, was also underpinning gains, dealers said.


Read more at Reuters Africa

U.K. Pound Posts Weekly Gain on Outlook for Manufacturing, Interest Rates

(Bloomberg) -- The pound gained against the dollar
this week as manufacturing figures and minutes from the Bank of
England's last policy meeting prompted traders to increase bets
that interest rates will rise.

The U.K. currency rallied the most in a month on May 23 after
the central bank said that policy makers voted unanimously for a
change in interest rates for the first time since August 2004. The
government yesterday said gross domestic product grew in the first
quarter at a faster annual pace than economists predicted in a
Bloomberg survey.


Read more at Bloomberg Currencies News