ECB to make bold actions later this week

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Source: Reuters

The European Central Bank to reveal some bold actions on Thursday, including the interest rate decision, resume of bond-buying program and even the announcement of quantitative easing is possible. Last Thursday Mario Draghi pledged to support the shared currency, with the ECB to resume bond-buying program as the yields on Spanish and Italian bonds reached Eurozone's record levels.

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Mon, 30 Jul 2012 18:53:49 GMT

Chrysler reported profit in the second quarter

According to the Chrysler Group LLC quarterly report, the automaker ended second quarter with $436 million in net income, compared to $370 million loss a year earlier.  Sales jumped 23 per cent to $16.8 billion, while  sales of passenger cars in the U.S. soared 42 per cent. Net industrial debt declined to $432 million, compared to $1.3 billion at the end of the

Mon, 30 Jul 2012 18:32:48 GMT

Copper declined on Monday

On Monday, July 30, copper ended a three-day rally as investors awaited the ECB and the Fed meetings on Thursday and Tuesday, respectively. Copper futures for September settlement erased 0.2 per cent to $3.419 per pound after adding 2.2 per cent in longest rally since the middle of June. Meanwhile, other metals like aluminum, tin, nickel, zinc and lead advanced during today's London's trading session.

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