US car market might had the best December since 2007

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

US auto dealers are expected to have had the best December since 2007 as consumer confidence reached 8 month high. Analysts questioned by Bloomberg predict light motor vehicle sales may increase to 13.4 million compared to 12.4 million in 2010. Surge in sales may be fuelled by heavy advertising in December, suggest analysts. The official data is to be released tomorrow.

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Tue, 03 Jan 2012 10:11:08 GMT

Central bank of Philippine to focus on boosting growth

Bangko Sentral ng Pilipinas announced it will concentrate more on stimulating the economic growth in the country while determining the monetary policy. Before, the central bank pursued an objective to manage inflation to meet the target of 3%-5% inflation rate but now the bank will respond to the economic slowdown by fine-tuning the policy to boost growth. The GDP expansion is expected to hit 5%

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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