In France in November the new home sales dropped 14%
PARIS, Dec 1 (Reporter Lu Jun Long) as a result of the financial crisis, the spreading credit crunched, in France, the new car market following October re-emergenced shrinking dramatically. French car manufacturer National Commission on Dec. 1 published data which showed that in November new home sales dropped 14%.
Ford may sell Volvo
New York, on Dec. 1 U.S. auto giant Ford announced on December 1, in order to raise cash as well as to address the landslide performance caused by the financial crisis, the company is considering selling its Volvo Car Corporation. Ford said, is for Sweden’s Volvo luxury brand making strategic assessment, which process may take several months.
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In Japan the November new vehicle sales dropped 27%
TOKYO, Dec 2 Federation of car sales Associations of Japan on December 1 issued the latest data which showed that in Japan in November new car sales (excluding mini-vehicles) year-on-year dropped 27%, less for 4 months than the actual level of sales over the same period last year, and compared with the first few months declined further.
Five South Korean automakers cut all-round production
Seoul, Dec 2 (Reporter stem Magnolia) the global economic downturn caused the impact of car manufacturing, such as Hyundai Motor and other five top automakers near Dec. 1 the by shutdown and other means in parts of the factories cut production. Hyundai Motor at the end of November cancelled overtime on weekends at Ulsan, Jeonju several factories and other places of work.
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East Africa’s largest economy in Kenya reduced the benchmark interest rate to 8.5 percent
Xinhua Nairobi on December 2 (Reporter Liu Ying), according to local media report on the 2nd, East Africa’s largest economy, the Central Bank of Kenya on 1nd, cut the benchmark interest rate from 9% to 8.5% in order to increase market liquidity and promote economic growth. On the same day the central bank will rise the bank rate of cash from 6% to 5%. Kenya central bank said in a statement that these initiatives will enhance the banking system’s cash flowing and for the economic recovery process in power.
The governor of South African central bank: the prospects for domestic inflation was improved
Johannesburg on December 1, the governor of Central Bank of the South African, Muboweini said the other day, with the South African inflation rate down from a high level, South Africa has improved the prospects for inflation. According to the South African Bureau’s statistics released as the latest data of South Africa in October this year, the inflation rate fell for the second consecutive month, decline than expected.
Inter-American Development Bank toward the Mexico Housing industry provide 2.8 billion U.S. dollars loan
MEXICO, Dec 1 (Reporter Miriam), local media reported on December 1, that Inter-American Development Bank recently announced that Mexico got the mortgage loans of 2.8 billion U.S. dollars to help the government protect the real estate market with sufficient credit funds so that the Housing industry avoid from the global financial crisis.
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