Japan: first trade deficit in 30 years

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Source: BBC
Japan reported the first yearly trade deficit in 30 years. The trade deficit of the country for 2011 amounted 2.49 million Yen, with imports adding 12% and exports decreasing by 2.7%, according to finance ministry. Experts blamed recent earthquake and tsunami as many factories and supply chains were damaged.

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Wed, 25 Jan 2012 08:17:08 GMT

Natural gas advanced on the output fall

Natural gas bounced, finding support in the production cuts as Chesapeake Energy reported it plans to decrease the output level due to low prices of the natural gas. Natural gas futures for delivery in February traded at USD2.596 per million British thermal units during the late US trade on Tuesday, on the New York Mercantile Exchange, soaring by 0.64%.

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

Canadian Dollar traded close to flat against its US peer on Tuesday as the growth of country's retail sales slowed in November indicating declining public demand. Retail sales added 0.3% in November compared to 0.9% surge in October. Canadian currency depreciated 0.01% to C$1.0090 in Toronto evening session. Currently USD/CAD is trading at C$1.0104. 

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