Hyundai and Kia expect lower pace of sales growth

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

Hyundai and Kia Motors announced they expect to see essentially slower growth in sales in 2012 than in 2011 amid the global economic slowdown. European recession and increased competition from Japanese car producers are likely to limit expansion, said Chung Mong-koo, Hyundai Motor's chairman. Companies predict sales in 2012 to increase by 6%, approaching 7 million cars as compared to 15% jump in 2011.

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Mon, 02 Jan 2012 13:48:16 GMT

Natural gas futures fell on mild weather

Natural gas futures saw losses on Friday's trade as investor's sentiment was impacted by mild weather forecasts and increasing inventory level. Natural gas futures for February delivery traded at USD2.966 per million British thermal units on Friday, on the New York Mercantile Exchange, losing 5.45% during the week.

Mon, 02 Jan 2012 14:44:46 GMT

German bonds decline on China and India PMI data

German sovereign bonds declined on the first trading day in 2012 as India and China reported an increase in Purchasing Manager's Index boosting optimism world economy may stabilize. The borrowing costs on German 10-year notes added 3 basis points or 0.03% reaching 1.86% on Tuesday morning. Yields for 2-year bonds gained three basis points attaining 0.18%.

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