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China faced the slowest expansion of auto sector in 2011
Mon, 30 Jan 2012 10:34:37 GMT
 
Chinese light vehicle sector faced 4.6% increase in sales in 2011, reflecting the lowest yearly growth rate for the last 10 years. However, the country managed to hold its position >>
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China's bank announced slower real estate loan growth
Mon, 30 Jan 2012 10:18:54 GMT
 
The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks >>
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US stocks finish down on lower than predicted GDP data
Mon, 30 Jan 2012 09:40:02 GMT
 
US shares ended lower on Friday, as US reported 2.8% growth in GDP instead of expected 3.0%. S&P 500 Index gave up 0.16% or 2.10 points and finished at 1,316.33, >>
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Natixis: Aluminum may average at USD 2,250 per ton this year
Mon, 30 Jan 2012 09:39:55 GMT
 
Aluminium prices are likely to face modest gains this year and average at USD 2,250 per ton in 2012, reported Natixis Commodity Markets Ltd. However, there may be downward pressure >>
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EU leaders to agree the permanent rescue fund
Mon, 30 Jan 2012 08:48:36 GMT
 
EU heads plan to sign an agreement on the Euro Zone's permanent bailout fund at the Monday's summit. The EFSF will be replaced by ESM, the leaders of which will >>
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Iran is prepared to oil embargo
Mon, 30 Jan 2012 08:48:30 GMT
 
Iran is prepared to reduce oil exports to the Euro Zone and will curb oil exports to some countries soon, said Iran's Oil Chief. The NIOC head, Ahmad Ghalebani, announced >>
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Asian shares weaker amid EU summit and PBOC announcement
Mon, 30 Jan 2012 08:24:23 GMT
 
Asian markets closed lower on Monday as investors awaited for EU summit and anticipated news that Beijing will not introduce monetary easing. Japan's Nikkei Stock Average dropped 0.66%, South Korea's Kospi >>
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Aussie and Kiwi weaken ahead of EU summit
Mon, 30 Jan 2012 07:49:55 GMT
 
New Zealand and Australian Dollar depreciated against most of their peers on Monday before EU officials meet today in Brussels to debate on debt turmoil. Aussie gave up 0.7% to $1.0588, while >>
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TonenGeneral prepares to buy Exxon Mobil Japanese unit
Mon, 30 Jan 2012 07:33:05 GMT
 
TonenGeneral Sekiyu agreed to acquire Exxon Mobil Corp. Japanse division for $3.9bn. TonenGeneral is going to acquire 99% of Exxon Mobil Yugen Kaisha unit which manufactures and sells fuel. The deal will be financed >>
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Mitsubishi Electric plunges on a ban for government orders
Mon, 30 Jan 2012 07:31:04 GMT
 
Mitsubishi Electric Corp. dropped to 10-month record low after Japanese officials prohibited competitive tendering for State orders as company overcharged for several aerospace and defence contracts. Mitsubishi Electric fell 15% on Monday >>
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Euro breaches gains ahead of EU summit
Mon, 30 Jan 2012 07:17:37 GMT
 
17-nation currency weakened against the greenback on Monday, breaking five-day gains before EU leaders gather in Brussels to keep struggling with debt crisis. Euro fell 0.3% against US Dollar in >>
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China signals caution towards monetary easing
Mon, 30 Jan 2012 07:10:09 GMT
 
Despite economists' forecasts China decided to postpone the reduction in lender reserve requirements, indicating caution towards monetary loosening. Barclays Capital Asia and JP Morgan Chase & Co expected the reserve >>
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Hang Seng 0.3% up on Friday
Fri, 27 Jan 2012 17:58:20 GMT
 
Hong Kong's Hang Seng index extended gains on Friday, led by telecommunication and banking shares. Hang Seng index climbed 0.31% or 62.53 points and finished at 20,501.67. HSBC Holdings PLC >>
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Nikkei 225 down on NEC earnings report
Fri, 27 Jan 2012 17:58:14 GMT
 
Japan's Nikkei Stock Average closed slightly lower on Friday, pushed down by weaker than expected report from high tech manufacturer NEC Corp amid appreciating Yen. Nikkei 225 index fell 0.09% >>
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DAX slightly down on Friday amid Greek debt talks and US GDP data
Fri, 27 Jan 2012 17:58:12 GMT
 
After rallying 1.8% on Thursday session, German DAX retreated and gave up 0.3% amid lingering Greek debt negotiations and weaker than expected US housing and economic growth data. Financials and >>
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