Social Democrat Party: Italy has to leave the EU

Source: Forexfactory

The leader of the Italian Social Democrat Party said Italy has to leave the EU and abandon the single currency. Italians do not perceive themselves as a part of the EU any more, he added. The party does not have seats in the Parliament but its members occupy seats in other government's organizations, he stressed.

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Thu, 12 Jan 2012 15:27:03 GMT

Japan agrees to embargo oil from Iran

Japanese FM Jun Azumi said the country will back economic sanctions against Iran by restricting oil imports to resist nuclear development. The announcement comes a day after Chinese officials refused Timothy F. Geithner's calls to join oil embargo. Iran is one of the China's main petroleum suppliers. Crude for delivery due February jumped 38 US cents or 0.4%.

Wed, 11 Jan 2012 16:11:40 GMT

Wheat futures fall in the EU and in the US

European wheat prices followed a downward trend of the US grain futures as investors wait for the US crop report due on Thursday. European investors also anticipate the results of the bidding for the commodity imports under the TQS. The European benchmark wheat, Paris wheat futures for March delivery, lost 0.25% to EUR201.25 a ton.

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