5 January, 2016 by The TZ Newswire Staff Comments Off on GM China auto sales rise 5.2 percent in 2015
GM China auto sales rise 5.2 percent in 2015
General Motors Co’s (GM.N) vehicle sales in China rose 5.2 percent to 3.61 million in 2015, the U.S. carmaker said on Wednesday. GM and its Chinese joint venture partners sold 445,227 vehicles last month, a 14 percent rise from a year earlier, matching its growth rate for November. The automaker plans to launch 13 new or revamped models in China in 2016, including the Cadillac CT6, Malibu XL and Cruze XL, compared with 12 launches last year, according to a written statement posted on its website.
5 January, 2016 by The TZ Newswire Staff Comments Off on Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues
Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues
“We are confident we will find an acceptable solution,” VW brand chief Herbert Diess said at a press conference at the Consumer Electronics Show in Las Vegas, Nevada. Volkswagen has admitted it installed software in certain diesel models sold in the U.S., that allowed the cars to pass government emissions tests, but then emit nearly 40 times the allowed levels of pollutants on the road. The U.S. Justice Department on Monday sued Volkswagen for up to $48 billion for allegedly violating U.S. environmental laws.
5 January, 2016 by The TZ Newswire Staff Comments Off on AirAsia sets up $1-billion funding program to shore up finances
AirAsia sets up $1-billion funding program to shore up finances
Asia’s largest budget airline, AirAsia Bhd (AIRA.KL), has set up a $1-billion financing plan through a multicurrency medium-term note program, months after it faced calls to shore up its financing in tough operating conditions. In a statement to Bursa Malaysia on Wednesday, AirAsia said the funds would be used for purposes ranging from working capital to debt refinancing and financing the equity portion of its aircraft.
5 January, 2016 by The TZ Newswire Staff Comments Off on Japan’s Abe says he will raise sales tax next year unless a "serious situation" prevails
Japan’s Abe says he will raise sales tax next year unless a "serious situation" prevails
Japanese PM speaking in parliament reported by Bloomberg
I’m sure he’ll define his “serious situation” terms in due course
Abe- Sales tax hike still on
5 January, 2016 by The TZ Newswire Staff Comments Off on Eurostoxx50 futures down -0.4% in early European trading
Eurostoxx50 futures down -0.4% in early European trading
A softer tone despite Chinese market rally
– DAX futures -0.5%
– CAC40 -0.6%
– FTSE -0.3%
Bund futures up 15 at 159.2
Shanghai Comp Index closes up 2.3%. CS1300 Index up 1.8%
5 January, 2016 by The TZ Newswire Staff Comments Off on AUDUSD still in retreat but support at 0.7100 so far
AUDUSD still in retreat but support at 0.7100 so far
China’s economic woes continue to plague the Aussie$
We’ve fallen further in Asia after softer Chinese data and that decline has continued into early European trading to test 0.7100
