Greece may need additional fiscal measures

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Source: Forexfactory

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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Tue, 03 Jan 2012 09:59:44 GMT

South Korea increases crude oil imports on the Iranian issue

South Korea crude oil imports increased by 2.7% to 79.8 million barrels last month as country wanted to limit risk of the fears over the possible oil export disruption from Iran. Natural gas imports also increased by 91% to $4.33 billion. The country seeks exceptions in the National Defense Authorization Act that aims to impose sanctions against the Iran oil trade.

Tue, 03 Jan 2012 09:20:19 GMT

Gold futures advanced 0.8% during the Asian trade

Gold futures edged up at the Asian trading hours signalling on the metal returning to its upward trend amid weaker USD. Gold futures for delivery in February advanced 0.8% to $1,579.90 an ounce during the electronic trade on Tuesday.

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