Shanghai court allowed Apple's table sales

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Source: Marketawtch
Shanghai court has rejected the request to ban the sales of iPad in Shanghai. The case was brought to court by the Shenzhen unit of Proview International Holdings Ltd. on February 22. The company accused Apple Inc. of violating IPR as two companies had a dispute on who is the owner of iPad tablet brand on the territory of China.


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Fri, 24 Feb 2012 09:18:52 GMT

Japanese Yen depreciates on record low volatility

Japanese Yen kept depreciating on Friday as 3-year record low volatility bolstered investor demand for riskier currencies. Japan's currency weakened 0.4% versus Euro to JPY 107.42 and slid 0.5% against greenback to JPY 80.40. Currently USD/JPY is trading at JPY 80.52 and EUR/JPY is trading at JPY 107.65.

Fri, 24 Feb 2012 08:13:47 GMT

Crude oil moved higher in Asian session

Crude oil futures added to previous gains during the Asian session on Friday. Crude oil was mainly supported by the geopolitical tensions as well as positive data from the US and Germany. Light, sweet crude oil April contract traded at 108.54 US Dollars per barrel on the New York Mercantile Exchange, soaring 0.66%.

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