Natural gas rally on the colder weather forecasts

Source: Forexpros

Natural gas futures increased on Friday after falling to 28-month low as markets were inspired by colder weather forecasts that are likely to increase the heating fuel demand. Natural gas futures closed at  USD3.074 per million British thermal units on Friday, on the New York Mercantile Exchange, gaining 3.5% during the week.

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Mon, 09 Jan 2012 15:52:47 GMT

GM sales in China saw 8.3% increase last year

Sales of General Motors Co. and company's joint venture in China increased by 8.3% to 2,547,171 units in 2011. Shanghai GM sales advanced 16.2% to 1,200,355 units, the GM announced on Monday. During December the auto producer sold 196,797 vehicles that is 9.8% more than in December 2010.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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