BMW to open new plant in Brazil

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Source: Bloomberg

Bayerische Motoren Werke, the world's biggest producer of luxury cars, will launch a plant in Brazil to support its world-wide sales growth as deliveries in 2011 reached new record. BMW is planning to build a factory that would allow the company to boost sales to from 1.6 million to 2 million vehicles by 2020. BMW predicts a substantial increase of sales in China, Europe and US next year.

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Fri, 16 Dec 2011 14:44:32 GMT

Nickel in surplus of 5,600 tonnes between January and October 2011

Nickel was in surplus between January and October, the surplus achieved 5,600 tonnes, reported International Nickel Study Group. However, between January and September the market experienced deficit of 6,400 tonnes and the surplus appeared only in the last two months. The LME Nickel currently traded at $18,000/tonne, losing 35% over the year.

Fri, 16 Dec 2011 13:27:20 GMT

France's business confidence falls

In December France's business confidence declined for the sixth consecutive month as European debt turmoil deterred investment and threatening to push the country's economy into stagnation. Factory managers' index dropped from 96 to 94. Investors are reluctant to invest in France as S&P 500 is assessing whether to downgrade nation's AAA rating.

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