MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
WOLFSBURG, Germany Jan 25 Volkswagen may build its first low-cost car in China, a company executive said, as the German group ponders a move into no-frills vehicles to compete with Renault's Dacia and Nissan's Datsun.
More than 3 million so-called budget cars are sold in China every year, making it the biggest market in that segment, and VW would tap growing demand by teaming up with one of its two Chinese joint venture partners if the project is approved, VW brand development chief Ulrich Hackenberg told Reuters.
"That's an issue we're currently looking at," Hackenberg said in an interview at VW's Wolfsburg headquarters. (Reporting by Andreas Cremer)
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.