General Motors to recall 993 vehicles in China

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

General Motors Co., large auto-producer, plans to recall 993 vehicles in China because of problems with gas tanks, announced China's quality control agency. In extreme cases, the gas tanks may leak causing a safety risk. The vehicles 869 Chevrolet Captiva cars and 124 Opel Antara manufactured between August 26 and September 15 are going to be recalled, according to the General Administration of Quality Supervision.

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Mon, 05 Dec 2011 10:44:41 GMT

Aussie and Kiwi drop on slowdown signals

On Monday trade Australian dollar erased gains as investors expect the Reserve bank to cut benchmark interest rate at its policy meeting due tomorrow. New Zealand dollar declined after China reported its service index deteriorated. Aussie depreciated against its US peer from $1.0271 to $1.0213 while Kiwi gave up 0.1% reaching $0.7764. AUS/USD currently is trading at $1.0238 while NZD/USD is trading at $0.7791.

Mon, 05 Dec 2011 14:00:06 GMT

S&P 500 and Dow Jones end week slightly down

Although US stocks opened higher on Friday morning trade, Dow Jones Industrial Average and S&P 500 Index did not manage to maintain gains and closed slightly down. Dow Jones Industrial Average gave up 0.01% or 0.61 points and closed at 12,019.42 while S&P 500 slid 0.02% or 0.30 points and ended week at 1,244.28. Nasdaq Composite was the only of three major indexes that managed to

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