The Traderszone Network

South Korea’s Hyundai Motor Co cut the price of two sport-utility vehicle (SUV) models in China by as much as 11.8 percent, the company said on Tuesday, the latest carmaker to do so as a sales slowdown grips the world’s largest auto market. Hyundai said the price cuts of up to 30,000 yuan ($4,832) on the larger Santa Fe model and 20,000 yuan on the ix35 SUV were aimed at increasing its competitiveness in China, where it is due to launch the new Tucson SUV in September.

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Britain has sold a 2.1 billion pound ($3.3 billion) stake in Royal Bank of Scotland (RBS) (RBS.L) to kick off the disposal of its holding seven years after bailing out the bank, sparking a political row that the sale at a loss was being hurried. Finance Minister George Osborne on Tuesday hailed the start of returning RBS to the private sector and said it was right to commence selling at a loss to the price paid in the 2008 rescue.

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Market experts and economists are now questioning how long it will take for market confidence in Greece to recover – if ever.

Currently 0.7377 post-RBA having run into more offers  
above 0.7380
Offers  
0.7385
0.7400 0.7420-25 0.7450 0.7475 0.7500
Bids
   0.7350 0.7320 0.7300 0.7280 0.7250 0.7230 0.7200  0.7180 0.7150

Currently also having the morning off at 123.95
Offers 124.20-25 124.50 124.75 125.00 125.30 125.50
Bids  123.75-80 1 123.45-50 123.25-30 123.00 122.85 122.50

Currently 1.0963 just off session highs. Good two-way business still, albeit in tightening range
Offers   1.1065 
1.0980
1.1000 1.1020
1.1050
Bids 

Currently going nowhere fast at 1.5601. Construction PMI out at 08.30 GMT
Offers
1.5620-25
1.5650
 1.5680 1.5700-10
Bids 
 1.5570-75 1.5550 1.5520-25 1.5500 1.5485