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Natural gas caught momentum on production cuts
Mon, 30 Jan 2012 14:52:57 GMT
 
Energy market faced mixed performance as energy commodities balanced between Iranian threats to halt European oil exports and weaker than expected US economic expansion. However, the crude oil price is >>
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Industry metals showed strong sesitivity to US data
Mon, 30 Jan 2012 14:44:07 GMT
 
Industry metals, except for nickel, tumbled on Friday amid fresh concerns over the Euro Zone crisis after Fitch Ratings downgraded Spain and Italy and EU leaders failed  to agree on >>
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Korea: economic turmoil to peak in Q1
Mon, 30 Jan 2012 14:43:48 GMT
 
The economic turmoil is likely to peak in Q1 of 2012 in Korea, said Bahk Jae-wan, South Korean Finance Minister. However, the risks of weak economic performance are expected to >>
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Precious metals rallied on Friday amid lower UD Dollar
Mon, 30 Jan 2012 14:39:56 GMT
 
Precious metals, except for palladium, advanced on Friday as slower than expected US economic growth and softer US Dollar stimulated rally started after Fed's monetary policy decision. Palladium, the only >>
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India to face lower coffee crop in the current coffee season
Mon, 30 Jan 2012 14:32:30 GMT
 
India is expected to face decline in coffee exports taken heavy rains in the main growing coffee regions. The country‘s coffee output is likely to fall to 2.95 lakh tons >>
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Fitch ratings: Australian banks are on negative outlook
Mon, 30 Jan 2012 14:28:11 GMT
 
Fitch Ratings announced that following its revision of the biggest financial institutions globally, it put four biggest Australian banks on the Rating Watch Negative. The banks are Commonwealth bank of >>
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Officials confirm confidence in Swiss Franc
Mon, 30 Jan 2012 14:08:42 GMT
 
Delegates during World Economic Forum in Davos signalled certainty that Swiss National Bank (SNB) will be able to secure the ceiling of Franc amid searching for a new executive after >>
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Hang Seng index
Mon, 30 Jan 2012 13:33:09 GMT
 
Hong Kong's Hang Seng index plunged on Monday as investors awaited for EU summit and anticipated news that PBOC will not introduce monetary easing. Hang Seng index tumbled 1.67% or >>
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Nikkei 225 pushed down by slower US growth
Mon, 30 Jan 2012 13:04:43 GMT
 
Japan's Nikkei Stock Average tumbled on Monday, weighted down by US growth data amid Chinese central bank's  decision to maintain existing reserve requirement. Nikkei 225 Index lost 0.66% or 57.88 >>
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Greece rejects German budget proposal
Mon, 30 Jan 2012 11:58:01 GMT
 
Greece rejected German proposal on the EU controlling the country's budget. It is impossible for Greece to give a control over its spending and tax policies to the EU, said >>
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Crude oil falls on the uncertainty over Iranian cut of oil exports
Mon, 30 Jan 2012 11:57:53 GMT
 
Crude oil futures traded lower during the early Asian session amid mixed news from Iran where heads threaten to curb oil exports to some EU countries. However, Iran did not >>
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Philippines economic expansion slows down
Mon, 30 Jan 2012 11:41:38 GMT
 
Philippines growth pace slowed last year as world's economic turmoil dampened country's exports. The country's economy expanded by 3.7% in 2011 as compared to 7.6% in the preceding year, reported >>
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European shares decline on US growth data
Mon, 30 Jan 2012 11:23:20 GMT
 
European equities extended a fall on Friday after lower than expected US economic expansion data. Stoxx Europe 600 Index lost 0.95% at 255.40 and French CAC 40 Index was 1.32% >>
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Spain's GDP growth tumbled 0.3% in Q4 of 2011
Mon, 30 Jan 2012 11:22:53 GMT
 
Spain's GDP contracted by 0.3% in Q4 of 2011, reported the national statistics agency. The slowdown of the growth is attributed to low domestic demand. The figure is basically in >>
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Gold slides ahead of Greece's deal
Mon, 30 Jan 2012 11:21:36 GMT
 
Gold inched down, losing momentum created by the Fed's decision to keep low interest rates as investors focused on the Greek debt swap deal with private bondholders. COMEX gold April >>
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