U.K. car production increases in July

Note: This section contains information in English only.
Source: RTTNews
U.K. car manufacturing rose for a 13th straight month in July, reported by the Society of Motor Manufacturers on Thursday. Production climbed 22.2% on year to 119,882 units, compared to a 15.1% rise in January-June period. Meanwhile, manufacturing of commercial vehicles dropped 1.3% on year in July, from 7.7% decline in preceding month of 2012.
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Thu, 16 Aug 2012 13:42:34 GMT

Palladium dropped on industrial demand concerns

Precious metals were mixed on Wednesday amid speculation that weak US CPI and manufacturing data created a room for easing measures from the Fed. However, stronger US Dollar weighted down on the commodity group. Gold rebounded after Tuesday's slump on hopes for additional stimulus measures in the US and Eurozone. At the same time, weakening physical demand from India continued

Thu, 16 Aug 2012 13:05:28 GMT

Brazil introduced $60bn economic stimulus package

On Wednesday, August 15, Brazil's government announced the first pace of an economic stimulus plan to boost the nation's economy.  According to the plan, more than $60bn will be aimed at Brazil's infrastructure, particularly roads and railways. Meanwhile, Brazil's economy is expected to grow only 2% in 2012, compared with a 7.5% growth in 2010. Nation's leaders hope that the economy will benefit from the Olympic

Thu, 16 Aug 2012 13:03:29 GMT

Oil futures tumbled on data

Crude oil futures tumbled on Wednesday, as stockpiles rose unexpectedly. Crude with September contract erased 0.2%, to $93.26 per barrel, after jumping 0.8% on Tuesday. The American Petroleum Institute's report showed that inventories added 2.8 million-barrel, while experts predicted a decline. At the same time, gasoline stockpiles dropped by 2.3 million barrels, pushing gasoline for September delivery higher by 0.8%, to $3.02 per gallon.

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