Sales of new cars in China exceeded 1 million monthly

Monthly sales of new cars in China for the first time surpassed 1 million units in September. The number of cars sold is estimated at 1.015 million, making China the fastest growing automobile market in the world this year. Increase compared to the same month last year was 84 percent, cited by Bloomberg. The data of China Association of Automobile Manufacturers show that total sales of motor vehicles including freight trucks and buses, rose by 78% yoy in September to 1.33 million units. Sales of General Motors, which is the largest foreign carmaker in the country doubled in the last 12 months or more amounted to 181 thousand cars in September. During the first nine months of the year sold 1.29 million cars to GM, which is more than a sales company in China in 2008 for all. According to the CEO of General Motors' Fritz Henderson sales in China will continue to grow with significant pace, particularly after the restoration of the Chinese economy increased demand. However, this can cause the government to restrict or entirely stop its measures to promote sales of new cars, including tax breaks and subsidies for the automotive industry. During this year the authorities have reduced taxes for buying a new car and granted subsidies to stimulate sales in rural areas of China. The credit boom in China and government spending to combat the effects of the crisis of 4 trillion. Chinese yuan (586 billion U.S. dollars) helped the Chinese economy to grow by 7.9 percent annually during the second quarter. According to government sales of motor vehicles may increase by 28% this year to 12 million units, but car companies must be careful not to accumulate excess reserves until it becomes clear that growth is sustainable in the long term. For the first nine months of the year vehicle sales in China increased by 42% yoy to 7,2 million units. Meanwhile, car sales in the U.S. declined by 27 percent annually to 7.8 million vehicles.

Sales of Johnson & Johnson reduced, but profit recorded a slight growth

The Largest U.S. company to produce consumer goods and medical products Johnson & Johnson has increased its profit by 1.1% yoy in the third quarter thanks to cost cuts and increased sales of medical devices. The net profit of Johnson & Johnson for the period from July to September amounted to 3.35 billion dollars or 1.20 dollars per share, compared to the positive financial result of 3.31 billion dollars or 1.17 dollars per share for same quarter of 2008, cited by Bloomberg. Sales of New Jersey-based company fell by 5.3 percent annually to 15.1 billion dollars. Economists had expected to Johnson & Johnson reported earnings per share of 1.13 cents and sales of 15.2 billion dollars in the third quarter. In April, the leadership of Johnson & Johnson said it would cut 900 jobs at its pharmaceuticals unit after the drug sales fell 14 percent due to cheaper alternatives offered by competitors. For the fiscal 2009 the company expects earnings per share from 4.54 to 4.59 dollars, which is higher than previous estimates. Shares of Johnson & Johnson became cheaper by 2.4 percent to 61.05 dollars per share at the beginning of today's session of the New York Stock Exchange. Since the beginning of this year, the company's market capitalization has risen by 2 percent to 168.2 billion dollars. Johnson & Johnson is a component of one of the oldest stock index Dow Jones IA since 1997, making it among the 30 largest and liquid companies traded on the New York Stock Exchange.

Lego with strong revenue growth and profitability

Danish Lego toy company reported strong earnings growth and earnings for the first half, reported DPA. The company, which does not fully take into account their results, has increased its profits before taxes by 64.4 percent to 927 million kroner (124.5 million) annually. Revenues grew by 23 percent to 4.4 billion kronor (591.1 billion). Lego has increased its market share of almost all its markets worldwide, despite the contraction in the toy market as a whole, said CEO Jorgen Vig Knudstorp. Given the good results of the first half, the company is optimistic about the Christmas season, although they do not dare to make accurate predictions. The company has begun to increase its production capacity with new plants in Denmark, Hungary and Mexico.

McDonald's losing legal battle against the eight Malaysian Restaurant

U.S. giant in the field of fast food restaurants - McDonald's, an eight-year legal battle losses, which wanted to prohibit a Malaysian restaurant to be called McCurry. From McDonald's claim that the use of the prefix "Mc" infringes on a copyright trademark of the U.S. chain. The Federal Court in Kuala Lumpur, however, ruled that there was no evidence that McCurry is trying to present as part of "empire" McDonald's, Air Force forward. The owner of McCurry - Pi soups, allegedly prefix "Mc" in the name of his restaurant is an acronym for Malaysian Chicken (from English "Malaysian chicken, editor's note.). U.S. chain, which has over 180 restaurants in Malaysia, has started to sue restaurants McCurry in 2001 In 2006 the Supreme Court ruled in favor of McDonald's, but McCurry turned to the Court of Appeal, which rejected the decision. From McDonald's replied dealt a case before federal court. Pi Soups told reporters after the announcement of the sentence that now will be able to press ahead with development of its business, which includes opening new branches. McCurry began operations in Kuala Lumpur in 1999 restaurant serves Indian food. Lawyers for McDonald's said that the company has adopted the decision.

Russia became the world's leading oil exporter

Russia came first in the world in exports of petroleum and petroleum products, ahead of Saudi Arabia, said the newspaper Kommersant, citing data from the International Energy Agency (IEA) for the first and second quarter of the year. Russia has not occupied the leadership position in oil exports from the dissolution of the USSR, while Saudi Arabia is the traditional leader in this indicator. During the second quarter and when oil exports to Russia reached 7,4 million barrels a day, while exports to Saudi Arabia for the second quarter fell to 7 million barrels a day from 7.39 million barrels in the first quarter. For the first three months of this year exports to Russia was 7.25 million barrels a day. Meanwhile, analysts remind us that the volume of exports of Saudi Arabia depends on the quotas set by OPEC on production, while those in Russia will. The increased volume of oil exports, Russia is associated with increased yield, which for 2009 is projected to be about 490 million tons, or a growth of 0.4% compared to 2008 last year for oil extraction in Russia was 488 , 1 million tons, which was a decrease of 0.7 percent over the previous 2007. In the opinion of the Minister of Oil Industry of Saudi Arabia, currently the world oil market is in good shape, no deficit, and arrange a price consumers and producers. Oil Minister of Kuwait, in turn, predicts that by the end of the year there will be fluctuations of oil prices in the 60-80 dollar per barrel.

The German government insists that General Motors (GM) to clarify its intentions regarding the Opel launched against the American manufacturer the opportunity to maintain its European division. "To say" I'll keep Opel "is not yet a strategy," said Secretary of State on Tuesday in the economic ministry of Germany Jochen Homa, said. Government of a country that firmly stands behind the offer for the purchase of Opel from the Canadian Magna International, stresses that it is tired of protracting of GM. The Management Board of General Motors meets Tuesday and Wednesday to discuss the future of Opel. Berlin say they would like to reach a decision as quickly as possible, more so approaching Motor Show in Frankfurt. The exhibition will be opened next week and within its Opel will present the latest modification of its key model Astra. In May, GM announced that it agreed to sign a deal with Magna, but eventually the company's position has changed - after the release of the insolvency proceedings on 10 July. According to unnamed sources, Reuters on some members of the Board of GM are confident that Opel should remain in the group of U.S. producers.

Air-sector flew over the hardest by the crisis

The major Avio-constructors airlines and find more signs indicating that the crisis in the sector, the worst in its history may be completed. According to Airbus, which is currently the largest producer of airplanes for civil aviation, the overall air traffic has passed through "the lowest point of recession and recovery expected next year. We believe that in 2009 air traffic will fall by 2%. In 2010 we may see an increase from 4,6 per cent, told Reuters Laurent Rouen, vice president of the European team during the avio-show in Hong Kong. An example is given and Air France-KLM, which reported a decline of 2.9 percent of passenger traffic in August, but the Franco-Dutch company stressed that it is able to improve their rate of employment on aircraft at 84.8 percent, or growth by 1,1 percentage points compared to August 2008