ECB reluctant to join Greek bond swap

Source: Bloomberg
The ECB is expected to reject helping to lessen Greek debt load until private creditors and government reach an agreement. Greek investors are boosting pressure on ECB to support the debt swap, however, the bank's officials are awaiting for the final agreement before disclosing ECB strategy which may contain sacrificing profits from Greece's bonds. 
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Thu, 02 Feb 2012 07:40:35 GMT

Honda reports unexpected gains in US market

Honda Motors posted an unexpected expansion in US markets, ending 8 months of contraction in sales. The Japanese car maker reported an 8.8% annual growth on rebounded vehicle demand. Analysts previously predicted a 1.2% decline. Other Japanese auto producers including Toyota Motors and Nissan Motors also faced growth in sales in US markets.

Wed, 01 Feb 2012 16:40:15 GMT

DAX climbs, led by Infineon Technologies

German DAX 30 index extended gains on Wednesday as European and Chinese manufacturing data boosted investor sentiment. DAX 30 index climbed 1.9% with all nine sectors posting gains. Infineon Technologies AG jumped 5% after reporting better than expected first quarter sales. RWE AG climbed as Morgan Stanley included the share in the list of its best ideas. Car makers BMW

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