World Business News

Russia's largest bank, Sberbank, and Abu Dhabi financial services company Invest AD have signed an agreement to cooperate on investment in the Russian and the Middle East markets.

HONG KONG: Hong Kong's exports are expected to grow by 4 percent in 2013, faster than this year's pace, on expected improvement in demand from neighbouring China, the world's second-largest economy, the Hong Kong Trade Development Council (HKTDC) said on Friday.

Honda Motor Co., Japan's first automaker to build cars in the United States, said it expects to export more cars and light trucks from North America than it imports to the region within two years.

Auto sales in November raced to a five-year high for that month on a rebound from storm-ravaged October and the need to replace aging vehicles, leaving industry executives optimistic about 2013.