France's business confidence falls

Note: This section contains information in English only.
Source: Bloomberg

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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Fri, 16 Dec 2011 13:28:07 GMT

BMW to open new plant in Brazil

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

Fri, 16 Dec 2011 13:26:35 GMT

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