01 Feb '11, 10pm

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SINGAPORE shares opened higher on Wednesday, with the benchmark Straits Times Index at 3,199.61 in early trade, up 0.47 per cent, or 14.87 points. Around 60.8 million shares exchanged hands. US auto sales jump by double digits in January 6:54 AM CHICAGO - IN A further sign of the auto industry's recovery, General Motors, Ford, Chrysler and Toyota posted double digit gains on Tuesday in January US auto sales. 'January is a seasonally slow month, but we believe the industry turned in a healthy showing for the month with solid volume gains, reiterating the fourth quarter's positive momentum,' said Efraim Levy, an analyst with Standard & Poor's Equity Research. BP logs first annual loss since 1992 on oil spill disaster 6:43 AM LONDON - CRISIS-HIT BP reported its first annual loss in almost two decades on Tuesday, as a result of the Gulf of Mexico oil spill disaster, and outlin...

Full article: http://www.straitstimes.com/Breaking+News/Money/Money_201...

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