Equities stabilise after thorough beating

World stocks drifted higher on Tuesday after a thorough beating in the previous session left most leading equity indexes at multi-year lows. But while some stability was apparent on European and emerging

US auto sales seen hovering at 27-year lows

Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit. Major automakers are scheduled