Chrysler reported profit in the second quarter

Note: This section contains information in English only.
Source: Bloomberg

According to the Chrysler Group LLC quarterly report, the automaker ended second quarter with $436 million in net income, compared to $370 million loss a year earlier.  Sales jumped 23 per cent to $16.8 billion, while  sales of passenger cars in the U.S. soared 42 per cent. Net industrial debt declined to $432 million, compared to $1.3 billion at the end of the first quarter.

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Tue, 31 Jul 2012 06:14:50 GMT

U.S. and German top officials encourage Euro plans

German Finance Minister Wolfgang Schaeuble and U.S. Treasury Secretary Timothy Geithner have called for a closer cooperation to stabilize the world and European economy. The top officials supported sale of bonds in Ireland, welcomed success of Portugal in meeting the programme requirements. Moreover, they discussed efforts made by Italy and Spain to carry out structural and fiscal reforms. 

Mon, 30 Jul 2012 18:42:54 GMT

ECB to make bold actions later this week

The European Central Bank to reveal some bold actions on Thursday, including the interest rate decision, resume of bond-buying program and even the announcement of quantitative easing is possible. Last Thursday Mario Draghi pledged to support the shared currency, with the ECB to resume bond-buying program as the yields on Spanish and Italian bonds reached Eurozone's record levels.

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