European shares lower on China worries and car maker declines

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Source: Marketwatch
European stock markets posted losses on Tuesday as investors digested news China's demand for resources is likely to slow and auto makers fell after China decided to raise gasoline and diesel prices. Stoxx Europe 600 fell 1.1%, German DAX tumbled 1.4% and French CAC 40 index slipped 1.3%. British benchmark FTSE 100 index lost 1.2%.
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Wed, 21 Mar 2012 08:13:11 GMT

US stocks drop after previous rally

US shares retreated from previous sessions' rally and traded lower on Tuesday as news from China put negative pressure on stocks. S&P 500 index fell 0.3% or 4.23 points to 1,405.52, Dow Jones Industrial Average edged down 0.52% or 68.94 points and settled at 13,170.19 while Nasdaq Composite tumbled 0.14% or 4.17 points and finished at 3,074.15.

Wed, 21 Mar 2012 07:42:33 GMT

Chinese bank profits detracted by bad loans

Chinese leading lenders are expected to report record-high net income for a fifth straight year. Nevertheless 2011 results are likely to be overshadowed by a surge in bad loans. Industrial & Commercial Bank of China and its four largest Chinese competitors are predicted to post a 15% surge in fourth quarter net profit. However, analysts warn that non-performing loans in local banks

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