Japan shuts down last nuclear reactor

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Source: CNN
Worlds third largest economy, which used to derive almost one third of its energy from nuclear sources, stopped its last nuclear reactor on saturday evening. Japan's government admits it won't manage to keep up with increasing demand for fossil fuel and promises to present clear energy policy this year.  
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Tue, 08 May 2012 06:07:45 GMT

Australian trade balance widened more than expected

Australia's trade deficit widened more than initially expected in April, according to Australian Bureau of Statistics. The country's trade deficit approached 1.59 billion Australian Dollars on a seasonally adjusted basis as compared to a March reading of a deficit of 0.48 billion Australian Dollars. Experts predicted the trade balance to drop to minus 1.40 billion Australian Dollars.

Mon, 07 May 2012 18:52:03 GMT

Euro weakens after French and Greek elections

Euro weakens for sixth consecutive day after French elected Socialist Francois Hollande for their new president and Greeks chose three new parties into their parliament. Single European currency lost value against 15 major pairs and EUR/USD dropped below 1.30 for the first time after mid-April.

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