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Oil supported above $46 as OPEC cutbacks take hold

over how much the conflict in the Middle East is affecting markets. Light, sweet crude for February delivery rose 2 cents to $46.36 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. The contract rose Friday $1.74 to

GM says China '08 sales up 6 pct but growth slows

BEIJING -- General Motors Corp. said Tuesday its 2008 sales in China rose 6 percent to 1.09 million vehicles, but the growth rate slowed as consumers held back amid the economic downturn. GM is looking to China's booming auto market to

Chinese Yuan Marches Towards World Domination

revised Gross Domestic Product Deflator that shows that inflation in prices is 3.9%?), then 'Real consumer spending rose 0.6%', which seems weird and contradictory until you remember that 'Everybody's lying to me and that is why I understand nothing',

Slower sale of cars seen, says Campi

spillover effect of the global economic downturn, total car sales for the first 11 months of 2008 actually rose 8.3 percent to 114,564 units, from 105,771 during the same period in 2007. Advertisement