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Loonie falls as European concerns stimulated demand for US Dollar
Thu, 12 Jan 2012 15:33:35 GMT
 
Canadian Dollar depreciated on Wednesday breaking three day gains as investors boosted their demand for US Dollar amid worries European debt turmoil is worsening. Canadian currency lost 0.4% reaching C$1.0196 >>
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Kiwi hit two-month record-high on Chinese CPI
Thu, 12 Jan 2012 15:32:32 GMT
 
New Zealand Dollar sharply appreciated on Thursday after China said its price inflation cooled in December spurring hopes for additional monetary stimulus. New Zealand's domestic currency climbed to $0.7981, a >>
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Bank of England may abstain expanding stimulus
Thu, 12 Jan 2012 15:30:33 GMT
 
Mervyn King, the governor of the Bank of England, said the bank may cease adding extra financial stimulus to the economy as UK manufacturing and service gauges increased unexpectedly previous >>
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Asia's equity markets mostly lower on Chinese CPI data
Thu, 12 Jan 2012 15:29:42 GMT
 
Most of Asian stock markets fell on Thursday after Chinese officials reported country's consumer prices rose at 4.1%, slightly lower than in November. Australia's S&P/ASX 200 dropped 0.2%, Shanghai Composite >>
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Spain and Italy to auction debt first time this year
Thu, 12 Jan 2012 15:28:57 GMT
 
Spain and Italy prepare to sell bonds worth around 17 bn Euros today as Italian PM Monti calls investors to prize nation's austerity measures. Monti and Spanish PM Rajoy both >>
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CIT halts Sears supplier financing
Thu, 12 Jan 2012 15:28:12 GMT
 
CIT Group Inc. the largest US factoring provider decided to stop giving loans to the suppliers of Sears Holdings Corp. CIT Group Inc. provide short-term funding for producers to manufacture >>
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US stocks pare losses on Wednesday
Thu, 12 Jan 2012 15:27:43 GMT
 
US equities mostly offset losses on Wednesday as Europe continue to show signs of deepening recession while US data indicates recovery. S&P 500 Index traded nearly flat increasing by 0.03% >>
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European stock markets decline along with energy sector
Thu, 12 Jan 2012 15:27:24 GMT
 
Europe's stock markets fell on Wednesday following the drop in the oil prices. Stoxx Europe 600 index lost 0.35% or 0.89 points and closed at 249.9 while German DAX 30 >>
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Japan agrees to embargo oil from Iran
Thu, 12 Jan 2012 15:27:03 GMT
 
Japanese FM Jun Azumi said the country will back economic sanctions against Iran by restricting oil imports to resist nuclear development. The announcement comes a day after Chinese officials refused >>
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Social Democrat Party: Italy has to leave the EU
Wed, 11 Jan 2012 16:13:53 GMT
 
The leader of the Italian Social Democrat Party said Italy has to leave the EU and abandon the single currency. Italians do not perceive themselves as a part of the EU >>
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Wheat futures fall in the EU and in the US
Wed, 11 Jan 2012 16:11:40 GMT
 
European wheat prices followed a downward trend of the US grain futures as investors wait for the US crop report due on Thursday. European investors also anticipate the results of the bidding >>
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Germany sold five-year notes worth 3.2B Euros
Wed, 11 Jan 2012 16:10:12 GMT
 
Germany sold 3.15B Euros of the five-year notes generating the yield of 0.9% on Wednesday. The auction was successful with the bids exceeding supply 2.8 times. The Euro continues to face losses >>
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Russia's crude oil output declines in December
Wed, 11 Jan 2012 14:56:22 GMT
 
Russia's crude oil production decreased to 10.32 million barrel per day in December from 10.34 million barrel per day, reflecting 0.2% fall, reported the Energy Ministry. Exports via Transneft pipeline edged down to >>
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Spanish industrial output tumbles before austerity measures
Wed, 11 Jan 2012 14:55:36 GMT
 
Spain's industrial output tumbled in November, declining the most in the last two years. The fourth-largest economy in the EU signaled contraction even before the government started to implement the austerity measures.  >>
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India might increase sugar exports in 2011-12 sugar season
Wed, 11 Jan 2012 14:52:30 GMT
 
The Indian government is expected to allow export of additional 1 million tons of sugar in the 2011-12 sugar season. The decision is based on the expected sugar surplus in the country. >>
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