Retail sales in Australia met expectations in January

Note: This section contains information in English only.
Source: Forexpros
Australian retail sales increased in compliance with expectations last month, according to Australian Bureau of Statistics.  The retail sales jumped by 0.3% on a seasonally adjusted basis last month as compared to a 0.1% fall in December. On an annual basis, retail sales increased by 2.7% in January. Following the data release, Australian Dollar appreciated against US counterpart and the pair AUD/USD traded at 1.0809, gaining 0.38%.


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Wed, 29 Feb 2012 12:22:09 GMT

S&P 500 index edges higher on US consumer confidence

S&P 500 index ended Tuesday session on the positive side as the drop in crude prices and better than predicted US consumer confidence supported investor optimism. The index added 0.34% or 4.59 points and finished at 1,372.18. Priceline.com Inc. jumped 7% on profit report that beat estimates. Micron Technology added 3.7% after acquiring Intel Corp stake. Apollo Group tumbled 16%

Wed, 29 Feb 2012 14:36:49 GMT

Fiat to invest 1.1 billion US Dollars to set up plant in Russia

Fiat has confirmed that it will invest 1.1 billion US Dollars in setting up plants in Russia. Sberbank agreed to provide financial backup to the project in return of 20% stake. The plant will be built in the St Peterburg's area and the vehicles will be produced in cooperation with ZIL. The targeted output is 120,000 vehicles per year.

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