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Friday, December 4, 2009

General Motors India to tie-up with China's SAIC

General Motors India said on Friday its parent General Motors would collaborate with Shanghai Automotive Industry Corporation to develop and manufacture commercial vehicles and other products for India and exports.The collaboration, to be finalised shortly, would give the Indian unit access to mini-commercial vehicles and other products from GM's joint venture in China, the statement said. The vehicles will be produced in the company' existing two plants in India and will result in more jobs in the country, it said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
19:30 Wholesale Inventories 1 0.3% 0.3% 0.3%
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
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