U.S. current account deficit narrowed in Q2

Source: Bloomberg

The U.S. current account deficit narrowed to $117.4 billion in the second quarter of 2012, $133.6 billion in the first quarter, the Commerce Department reported on Tuesday. Analysts had predicted U.S. current account balance to fall to -125.5B last month. The decline may be, mostly, explained by the fall in oil prices and a larger surplus in income payments.

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Tue, 18 Sep 2012 14:44:04 GMT

Japanese stocks tumbled on escalated tensions with China

Japanese shares dropped on Tuesday amid escalated tensions over a group of islands recently purchased by Japan from China. Several large Japanese companies suspended operations in China because of protests that turned to violence in some China's cities. Japan's companies with high exposure to China created heavy pressure on the Japanese stock index. The Nikkei 225 Index edged lower by

Tue, 18 Sep 2012 13:38:04 GMT

Sugar slumped after Australia raised crop forecast

Farm commodities except for sugar followed downward trend on Monday as US harvesting accelerated due to favorable weather conditions. Meanwhile, recent surge in sugar and coffee prices motivated producers to sell inventories. Wheat slumped the most since January on accelerated US planting. USDA reported that winter-wheat crop was 11% planted compared 4% in the preceding week. Corn tumbled as dry weather

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