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Hello! US car giant General Motor is having trouble rising much needed capital after spectacular fall from grace during the global financial crisis. It's fail to sell a Swedish car grand Saab and will begin an ordinary write down of Saab operations. GM had been in talks with the Dutch specialty1 car maker2 Spyker over the sale.
The US dollar's new funds strength is keeping world market subdued3. A further half a percent decline by the greenback is put even more pressure on resource companies and wide on exporters.But gains in tech stocks kept benchmarks in the black .The Dow Jones Industry Average put on 21 points. The S/P 500 finished up 7 points. And the NASDAQ gained almost 1.5%.
In Europe, continue speculation4 about tough new financial regulations has wide on markets for the full session in a row. Banks are concerned that high capital holding ratios will hit their bottom line lowly try to recover from financial slap that led the FTSE down 21 points. The Dax and Euro Stoxx 50 also fail.
And Australian dollar has made up sound ground against strengthening US dollar.Early on the weekend,it was buying 89 US cents and 80 Japanese Yen5.
And that's ABC business news.
1 specialty | |
n.(speciality)特性,特质;专业,专长 | |
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2 maker | |
n.制造者,制造商 | |
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3 subdued | |
adj. 屈服的,柔和的,减弱的 动词subdue的过去式和过去分词 | |
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4 speculation | |
n.思索,沉思;猜测;投机 | |
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5 yen | |
n. 日元;热望 | |
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