Hyundai income soared 35% due to sales in China and US

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Source: BBC
Hyundai Motors reported 38% increase in profits for Q4 as sales in the foreign and domestic markets jumped. Net income attained 1.8 billion US Dollars in the Q4. The company has mostly benefited from production cuts in Japan and weak Won. However, experts predict increased competition in the car market as Toyota and Honda start to recover.
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Thu, 26 Jan 2012 08:39:28 GMT

Gold aims to break key resistance

Gold posted strong gains on Wednesday after falling on Tuesday. The RSI for gold is bullish, suggesting further upswing in the commodity price. The yellow metal is likely to grow further to 1,714.55 level, after cutting this level gold is expected to jump to December's high of 1,762.50, then it could aim November's high of 1,802.75.

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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