U.S. current account deficit narrowed in Q2

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Source: Bloomberg

The U.S. current account deficit narrowed to $117.4 billion in the second quarter of 2012, $133.6 billion in the first quarter, the Commerce Department reported on Tuesday. Analysts had predicted U.S. current account balance to fall to -125.5B last month. The decline may be, mostly, explained by the fall in oil prices and a larger surplus in income payments.

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Tue, 18 Sep 2012 14:44:04 GMT

Japanese stocks tumbled on escalated tensions with China

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Tue, 18 Sep 2012 13:38:04 GMT

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