Daimler lagging behind BMW

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Source: Bloomberg

In 2007 Daimler, the maker of Mercedes-Benz lead over BMW as its market valuation was 39 billion euros more than that of BMW. Currently the gap has dropped to 700 million euros. Despite diminishing gap, BMW employs only about 50% Daimler's 270,000 workforce and produced 38% less revenue in 2010. Declining value gap mirrors Daimler's defeat in Germany's luxury vehicles' market.

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Wed, 07 Dec 2011 09:12:02 GMT

Swiss jobless rate remains low

In November Swiss unemployment level remained at record low in last three years indicating that labour market is stable despite cooling economic growth. The jobless rate in November stayed at 3%, the smallest since January 2009, reported State Secretariat for Economic Affairs. New jobs openings dropped by 1,355 reaching 17,395. 

Wed, 07 Dec 2011 09:10:39 GMT

Loonie appreciates as central bank signals growth

Canadian dollar rose second day in a row  against its US peer after Bank of Canada officials told the growth in US and home economy is sounder than expected. Canadian currency gained 0.6% against greenback reaching C$1.0100 per US dollar in Toronto evening trade. Loonie is the November's second best performer after Japanese yen. USD/CAD currently is trading at C$1.0072. 

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