Crude oil declined on US supply report

Source: Forexpros
Crude oil contracts edged down during the Asian session on Thursday, following the report on the essential increase in the US oil inventories over the last week. However, inspiring PMI data from all over the world limited the losses. Light, sweet crude oil March contract traded at USD 97.54 per barrel on the New York Mercantile Exchange, easing down 0.07%.
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Thu, 02 Feb 2012 10:58:24 GMT

Australia saw surplus in goods and services trade in December

Australia faced a surplus in the trade balance of goods and services in December. On a seasonally adjusted basis, the surplus widened in December by USD 366 million from November, attaining USD 1,709 million. Meanwhile, goods and services credits increased by 2% to USD 27,792 million last month.

Thu, 02 Feb 2012 10:34:43 GMT

Deutsche Bank reports a 76% drop in profit

Deutsche Bank AG, German biggest lender posted a 76% drop in 4th quarter profit as European debt turmoil harmed trading. Net revenue declined to EUR 147 million compared to EUR 601 million in previous year. Analysts predicted the net income to be at EUR 556 million. Deutsche Bank had a EUR 422 million pretax loss. 

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