Building approvals declined in Australia

Source: Forexpros
Building approvals in Australia tumbled in December, reported the Australian Bureau of Statistics. The building approvals declined by 1% on a seasonally adjusted basis in December while experts predicted a 2.1% rise. Considering yearly changes, the building approvals shrank by 24.4% in December.
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Thu, 02 Feb 2012 13:32:26 GMT

China's demand for copper to fall

Chinese copper imports are expected to fall in the next months amid buildup of copper's inventories and lack of arbitrage opportunities. Bloomberg survey indicated that copper inventories at the Shanghai warehouses increased by 300,000 tons over the last month. Currently, LME copper traded at USD 8,5000 per ton, reflecting almost 15% fall from its record high of USD 10,000 per

Thu, 02 Feb 2012 12:43:54 GMT

China's crude oil imports are set to increase in the slowest pace in six years

China's crude oil imports are expected to face the six year high slowdown in growth, reported China National Petroleum Corp. Over 2011, oil imports expanded by 6% as compared to a 17.5% increase in the preceding year. However, natural gas imports are likely to grow by 45%, approaching 45 billion cubic meters as gas demand may account for 5% of

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