Japan might refuse to engage in Iran crude embargo

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Source: Marketwatch

Japan currently is not planning to take part in international boycott of Iranian oil imports, reported Dow Jones Newswires on Wednesday. Tokyo considers the fuel shortage may have a negative impact on country's recovery from March earthquake and tsunami. Announcement appears shortly before Tim Geithner's visit to Tokyo to discuss the embargo.

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Wed, 11 Jan 2012 14:23:53 GMT

German GDP grows 3% in 2011

German GDP added 3% in 2011, surging most during in the first 6 months of the year, said the federal statistics office on Wednesday. The annual growth estimate matched the forecasts. Growth in European biggest economy decelerated from a record high expansion of 3.7% in 2010. Last year's surge in GDP was mainly driven by domestic demand as household consumption expanded by 1.5%.  

Wed, 11 Jan 2012 08:48:02 GMT

Asian stocks show mixed performance on Wednesday

Asian markets mostly expanded on Wednesday led by commodity linked companies as investors continued to foresee China's further monetary easing. Australia's S&P/ASX 200 index added 0.9%, Hong Kong's Hang Seng Index was up 0.1% while Japan's Nikkei Stock Average climbed 0.2%. On the downside were China's Shanghai Composite and South Korea's Kospi, each giving up 0.7% and 0.4% respectively. 

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