China raises gasoline prices

Source: Bloomberg
China, the second largest oil consumer in the world after US raised diesel and gasoline prices, second time in less than two months as crude rallied in February. Prices will be increased by CNY 600 (USD 95) per metric ton from today. Refiners are going to charge 7.8% more for diesel and 7% more for gasoline. Oil provider shares declined on the decision. 
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Tue, 20 Mar 2012 07:38:50 GMT

Euro Zone's current account surplus widened to 4.5 billion Euros in January

The current account surplus of the Euro Zone widened more than initially expected in January, reported the ECB. The Euro Zone's current account surplus widened to 4.5 billion Euros on a seasonally adjusted basis in January as compared to 3.4 billion Euros in December. Experts predicted the indicator to approach 4.3 billion Euros in January.

Mon, 19 Mar 2012 19:30:39 GMT

DAX index pushed down by car makers

German DAX index retreated from last week gains and traded lower on Monday as investors made a pause. Car makers created the biggest losses for the index. BMW AG tumbled 2% after Goldman Sachs confirmed the buy rating on the share but discarded it from its conviction-buy list. Daimler AG fell 0.9% and Volkswagen AG  lost 1.9%. On the upside

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