Oil prices gradually go up

Source: Bloomberg
The oil prices started to recover from being low for a week. August-delivery oil increased by USD 0.84 to USD 84.75 a barrel on Mercantile Exchange in New York. Contract prices in total were down by 14% this year. Although, August-settlement Brent crude gained 0.6% in London, being USD 98.52 a barrel now. Last week US oil inventories fell by 695 000 barrels, reported by American Petroleum Institute.
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Wed, 11 Jul 2012 12:04:57 GMT

China's trade surplus jumped by 42.9%

China's export is boosting and in comparison with previous year readings trade surplus increased by 42.9% to USD 31.7 billion in June 2012. However, export growth slowed down from 15.3% in April to 11.3%. Moreover, citing China's customs bureau, growth in imports halved from May's 12.7% to 6.3% in June. Such drop was mainly determined by reduced amount of commodity imports. Although the Chinese economy growth

Wed, 11 Jul 2012 09:31:56 GMT

Eurozone can lose 4.5 million jobs

The International Labour Organisation said the Eurozone may lose 4.5m more jobs in a period of next four years if not to abandon austerity. It also reported that all 17 Eurozone's countries will be in trouble, as those already suffering as the healthiest ones. According to Juan Somavia, ILO director-general, unless the necessary measures are undertaken, the unemployment will be

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