WTI oil drops for second day after supplies advance in U.S.

Source: Bloomberg
West Texas Intermediate crude plummeted for a second day as an industry group indicated the U.S. stockpiles increased for the first time in three weeks and OPEC's production rose to highest in five months. WTI for June settlement slid to $92.90 a barrel, down 56 cents, and contracts lost $1.04 to $93.46, while Brent for June delivery dropped 89 cents to $101.48 a barrel, and the front-month European benchmark stood at a premium of $8.43 to WTI.
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Wed, 01 May 2013 07:06:04 GMT

Asian stocks decline after Yen strengthens on growth concerns

Asian stocks dropped from the most since June 2008, after Japanese currency appreciated 0.2% to 97.27 per greenback and data showed signs of a slowdown in global business activity; crude and copper fell as well. The MSCI Asia Pacific Index worsened 0.3%, while Japan's Topix Index lost 0.6%. Meanwhile, the S&P 500 Index rose to a record high after consumer

Tue, 30 Apr 2013 16:58:03 GMT

Italy's inflation eases more than forecast

Inflation in Italy eased on a more-than-expected pace on April missing the economists' forecast, a report released by the statistical office Istat showed on Tuesday. According to the report the inflation measured by the harmonized index of consumer prices added 1.3% year-on-year in April following a 1.8% climb recorded a month before, while month-on-month it gained 0.3% in April.

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