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Reuters Business News: VW targets 20 pct of Chinese market in 2-3 years - MSN Money
We are targeting to remain market leaders in China with both our joint ventures this year. We’re growing slightly below the market in China but we hope to stabilize our sales ” said Stefan Jacoby VW’s group head of sales and marketing.
Reuters Business News: Xstrata profit tops forecast says outlook sound - MSN Money
The London-listed firm 36-percent owned by commodities giant Glencore said it made a net profit of $4.89 billion accounting for three recent acquisitions as if they had been part of the group since the start of the year. Analysts had forecast an adjusted profit of $4.6 billion according to the average of a company poll.
Reuters Business News: Gold off 6-week low; wary investors watch yen - MSN Money
Spot gold hit an intraday low of $632.30 an ounce before rebounding to $644.40/645.50 an ounce by 0605 GMT higher than $637.60/638.35 late in New York on Monday. “The big question remains: Is this merely a healthy correction or part of a bigger move lower?” asked Investec Australia in a daily report.