Rio Tinto performs well during recession

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP

Rio Tinto PLC is able to sell all iron ore it is capable to produce despite global downturn and tightening policies of the China's government, said the executive of Rio Tinto PLC. Many iron ore producers experience difficulties in raising credit but Rio Tinto claims that its exports continues to expand. 

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Fri, 02 Dec 2011 12:32:46 GMT

Retail sales in Suisse increased less than projected

Switzerland's retail sales decreased more than projected in November falling for the third consecutive month, according to official data. The sales dropped by 0.2% on a seasonally adjusted basis as compared to 0.9% in the previous month, reported Federal Statistics Bureau. Economists expected an increase of 1.2% in November.

Fri, 02 Dec 2011 12:47:01 GMT

Nikkei 225 slightly higher

On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up

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