Merkel and Sarkozy meet today to rescue Euro

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Source: Bloomberg
German Chancellor Merkel and French President Sarkozy meet today in Berlin to create a dominant plan for saving the Euro in upcoming three months. Both officials prepare to stretch out a rulebook determining the fiscal discipline discussed during summit on December 9. Rulebook is supposed to provide guidelines for fiscal regulations across the Euro Zone. 
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Mon, 09 Jan 2012 15:00:32 GMT

Aussie declines amid halting retail sales and Euro weakness

The Australian domestic currency depreciated against its major counterparts on Monday after data showed national retail sales suddenly decayed in November. Meanwhile Kiwi extended a 3-day decline after country reported its trade deficit increased. Aussie lost 0.5% to $1.0173 while Kiwi was nearly flat at $0.7802. Currently AUS/USD is trading at $1.0188 while NZD/USD is trading at $0.7814.

Mon, 09 Jan 2012 15:51:19 GMT

Rolls-Royce sales hit record

Rolls-Royce Motor Cars announced 31% increase in car sales to 3,538 units over 2011. However, the growth pace was sharply lower than in the previous year when sales saw 150% expansion. The most successful  was BMW luxury marque that hit a new record in 2011. We should take momentum and continue UK success story, said Torstein Muller-Otvos, company's CEO.

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