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

Source: Forexpos
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.

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Tue, 20 Mar 2012 09:07:20 GMT

Australia approved tax on iron ore and coal mining

The Australian Senate has passed the regulation that implies imposing 30% tax on coal and iron ore mining businesses. The new tax will generate 10.6 billion Australian Dollars in the next three years from the largest companies like Rio Tinto, Xtrata and BHP Billiton. The tax revenue will be directed to other industries of the country. The new regulation comes

Tue, 20 Mar 2012 08:26:56 GMT

European shares retreat after previous week's rally

European stock markets paused on Monday after a rally to eight month record high in previous week. Stoxx Europe 600 index fell 0.12% to 272.07, German DAX slipped 0.05% to 7,154.22 and French CAC 40 index tumbled 0.47% at 3,577.88. UK FTSE 100 index gave up 0.08% and closed at 5,961.11 while Athens General index bucked the negative overall movement and rallied 1.57%

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