US car producers experience best sales since 2008

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

The US motor vehicles industry is recovering faster than expected as car producers are moving towards sales of $12.8 m, the best performance since 2008. Consumers demand has recovered ranging from large pickups to luxury vehicles. Chrysler Group LLC and General Motors Co. managed to get back market share from disaster-troubled auto makers Honda Motor Corp. and Toyota Motor Corp.

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Mon, 05 Dec 2011 07:35:47 GMT

Asia shares mostly up

Most of Asian stocks experienced a slight increase as investors expressed positive expectations for progress in tackling European sovereign debt crisis. Hong Kong's Hang Seng Index and Japan's Nikkei Stock Average both added 0.5%, while Australia's S&P/ASX 200 index advanced 1.1%. South Korea's Kospi closed flat and Shanghai Composite index declined 0.9%. 

Mon, 05 Dec 2011 07:36:54 GMT

Growth services in US may reach a six-month high

Economists expect that service industries in US probably advanced most rapidly since May indicating that country's economy is picking up the pace during last months of 2011. Analysts surveyed by Bloomberg predict the index for non- manufacturing industries to be somewhere between 51.5 and 55. Index above 50 is indication expansion. Economists say US economy is signalling recovery, however, concerns over Eurozone remain. 

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