South Korea's economic expansion impacted by the EU woes

Source: BBC
South Korea's economy expanded less than expected in the Q4 of 2011 due to weak demand caused by global economic slowdown. The GDP grew by 0.4% in Q4 as compared to 0.8% increase in Q3, the central bank reported. Considering yearly changes, the GDP expanded by 3.4% in Q4. The Bank of Korea added that slowing exports create difficulties to the domestic economy.


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Thu, 26 Jan 2012 10:04:18 GMT

Natural gas inventories in the US are expected to have fallen by 5.3%

US natural gas stockpiles are expected to have declined much more than season' s average during the last week amid colder weather in the Northeast. The estimation based on the 16 analysts' forecasts predicts the stocks to have fallen by 5.3% or by 175 billion cubic feet to 3.115 trillion cubic feet over the last week. The average stockpile weekly

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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