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China's crude oil imports are set to increase in the slowest pace in six years
Thu, 02 Feb 2012 12:43:54 GMT
 
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 >>
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Switzerland's trade surplus at record high in 2011
Thu, 02 Feb 2012 12:29:18 GMT
 
Swiss reported the record high trade balance last year. The trade balance posted a surplus of CHF 23.8 billion in 2011, reflecting 22% increase since 2010. Strong chemical products' trade >>
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China increases purchase price for rise for 2012
Thu, 02 Feb 2012 12:11:55 GMT
 
China plans to increase the minimum rice purchase price this year to stimulate farmers to increase grain output. The minimum Indica rice purchase price will be raised to USD 16.01 >>
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US stocks recover on manufacturing data
Thu, 02 Feb 2012 12:03:28 GMT
 
US equities markets surged on Wednesday, lifted by improvements in world wide manufacturing data. S&P 500 Index gained 0.89% or 11.68 points and closed at 1,324.09. Dow Jones Industrial Average Index added >>
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China's PMI expanded in January
Thu, 02 Feb 2012 11:28:32 GMT
 
China's manufacturing activity grew last month, with the PMI expanding to 50.5 as compared to 50.3 in the preceding month. The figure was above the expectations of 48, reported the >>
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Gold advances on the positive headlines from the Euro Zone
Thu, 02 Feb 2012 11:15:34 GMT
 
Gold futures advanced during the Asian session on Thursday as strong manufacturing data from the US, EU and China returned investors' confidence in the global economic recovery. COMEX gold futures >>
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US manufacturing activity advanced less than expected in January
Thu, 02 Feb 2012 10:58:28 GMT
 
The US manufacturing activity expanded less than initially expected in January, with the PMI growing by 1 point to 54.1 in January as compared to 53.5 in the preceding month, >>
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Australia saw surplus in goods and services trade in December
Thu, 02 Feb 2012 10:58:24 GMT
 
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, >>
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Deutsche Bank reports a 76% drop in profit
Thu, 02 Feb 2012 10:34:43 GMT
 
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 >>
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Crude oil declined on US supply report
Thu, 02 Feb 2012 09:58:17 GMT
 
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 >>
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China promises an increase in investments in agriculture
Thu, 02 Feb 2012 09:38:01 GMT
 
China's authorities plan to enhance subsidies and investment in the agricultural sector to stabilize production of grain. The country will expand fiscal budget to direct more fixed-asset investments to the >>
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Euro Zone's flash CPI eased in January
Thu, 02 Feb 2012 09:21:30 GMT
 
The Euro Zone's CPI eased in compliance with expectations on January, reported Eurostat. The CPI hit 2.7% on January on a seasonally adjusted basis as compared to 2.8% in the >>
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Cigarettes stocks among the less volatile assets to invest in
Thu, 02 Feb 2012 09:20:41 GMT
 
Tobacco firms provided investors with best volatility adjusted profits in last 10 years. MSCI World Tobacco Index delivered the largest gain out of 67 indexes over last decade. Tobacco stocks rebuffed >>
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Aussie approaches 5-month high on Thursday
Thu, 02 Feb 2012 09:07:38 GMT
 
Aussie and Kiwi extended two day appreciation on global stock rally. Australian currency climbed 0.1% to USD 1.0713, reaching 5-month record high after investors anticipated news the Australia's trade surplus surpassed analysts >>
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American Airlines to cut 13,000 jobs
Thu, 02 Feb 2012 09:01:46 GMT
 
American Airlines announced it would cut 15% of its payroll, or 13,000 jobs.  The AMR plans to reduce staffing costs by 20% to cut spending by USD 2 billion and >>
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