Germany's exports and imports tumbled in June

Source: BBC
According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.
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Wed, 08 Aug 2012 20:41:14 GMT

Crude oil reached three-month high on Wednesday

On Wednesday, August 8, crude oil rocketed to a three-month high, as crude oil stockpiles dropped more-than-expected. Crude oil for September settlement soared 05.51 per cent to $94.15 per barrel during today's New York trading session. At the same time, Brent oil with September contract jumped 0.71 per cent to $112.80 per barrel. Inventories fell by 3.7 million barrels during the previous week.

Thu, 09 Aug 2012 16:47:17 GMT

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