Crude oil futures decline after previous gains

Source: Marketwatch

Crude oil futures declined after hitting the highest level since May on the falling Asian markets and strong USD. Light, sweet crude oil futures for February contract traded at $102.62 a barrel in electronic trade on Wednesday, losing 34 cents after surging up to $4.13 on the New York Mercantile Exchange yesterday.

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Wed, 04 Jan 2012 17:00:03 GMT

Samsung wins approval for setting chip factory in China

Samsung Electronics got the approval from government for establishing chip manufacturing in China. Korea's Ministry of Knowledge and Economy announced it would insure security to prevent technology leaks. The new factory will specialize in manufacturing chips, MP3 players and tablets.

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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