European car sales fell in February

Note: This section contains information in English only.
Source: Bloomberg
European vehicle sales plunged in February driven by Peugeot Citroen, Fiat and Renault as region's consumers suspended large scale purchases amid economic uncertainty. February registrations dropped 9.2% on annual basis to 923,381 million cars, the fifth straight monthly drop. Deliveries in France tumbled 20% whereas sales in Italy plummeted 19%. BMW and Toyota forecast a 5% decline in Europe region for 2012.
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Thu, 15 Mar 2012 13:30:29 GMT

S&P 500 index retreats after Tuesday's rally

After Tuesday's rally, S&P 500 index finished slightly lower on Wednesday as financial shares fluctuated between gains and losses on Fed's stress test results. US index slipped 0.12% or 1.67 points and closed at 1,394.28. Cliffs Natural resources gained 7% after raising its dividend. Zions Bancorporation rallied 10.5% on successful test results while insurer MetLife, who failed the test, plunged

Thu, 15 Mar 2012 16:22:45 GMT

Boeing rejected 500 million billion claim of Air India

Boeing has rejected the claim of India that the company has agreed to compensate aircraft delays for Air India. The Indian officials earlier reported that Boeing would pay 500 million US Dollars as compensation for three-year delay in delivery of planes. However, Boeing announced that it has not agreed to this deal.

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