Geely to Buy Volvo for $1.8bn
Airtime: Mon. Mar. 29 2010 |
Chinese automaker Geely agreed to buy Ford’s Swedish car brand Volvo for $1.8 billion Monday. Stephen Odell, CEO of Volvo, told CNBC that China is a growth market for Volvo.

Airtime: Mon. Mar. 29 2010 |
Chinese automaker Geely agreed to buy Ford’s Swedish car brand Volvo for $1.8 billion Monday. Stephen Odell, CEO of Volvo, told CNBC that China is a growth market for Volvo.

Global investors are waiting for the results of the stress tests on European banks, with CNBC’s Silvia Wadhwa.

When a government gets formed in Australia, Peter Costello, former Australian treasurer, says the practicalities of making laws will become exceptionally difficult. He tells CNBC’s Bernard Lo & Matthew Taylor that this will be a time of “weaker government”.

Slowing growth in China is raising questions of a possible policy change from the central government. Insight from Qian Wang, JPMorgan chief China economist.

Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.

The euro is likely to rally versus the dollar “into the $1.38 resistance area,” Roelof van den Akker from ING Commercial Banking told CNBC Tuesday. Akker also takes a technical look at the Xetra DAX.

Gold prices will likely make firm gains when euro short-covering ends, Irakli Menabde from I2BF told CNBC Tuesday. The euro has had an inverse relationship to the dollar recently, he added.