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EU plans to take action against the Hungary's deficit
Wed, 11 Jan 2012 14:52:03 GMT
 
The EC said Hungary did not take any firm action to limit the excessive budget deficit. The country deficit remained at 3% of GDP in 2011 and is likely to remain unchanged >>
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Copper soars amid hopes on China's monetary easing
Wed, 11 Jan 2012 14:51:56 GMT
 
Copper futures advanced to almost one-month high as metal's price was supported by hopes of the China's monetary easing. COMEX copper March contract traded at USD3.541 a pound at the early European >>
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The final Q3 GDP in the Euro Zone revised down
Wed, 11 Jan 2012 14:51:48 GMT
 
Economy of the Euro Zone grew less than previously estimated in Q3 of 2011. The Euro Zone's GDP expanded by 0.1% seasonally adjusted in Q3 as compared to 0.2% preliminary reported. The >>
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German GDP grows 3% in 2011
Wed, 11 Jan 2012 14:23:53 GMT
 
German GDP added 3% in 2011, surging most during in the first 6 months of the year, said the federal statistics office on Wednesday. The annual growth estimate matched the forecasts. Growth in >>
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Japan might refuse to engage in Iran crude embargo
Wed, 11 Jan 2012 08:48:22 GMT
 
Japan currently is not planning to take part in international boycott of Iranian oil imports, reported Dow Jones Newswires on Wednesday. Tokyo considers the fuel shortage may have a negative impact on country's >>
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Asian stocks show mixed performance on Wednesday
Wed, 11 Jan 2012 08:48:02 GMT
 
Asian markets mostly expanded on Wednesday led by commodity linked companies as investors continued to foresee China's further monetary easing. Australia's S&P/ASX 200 index added 0.9%, Hong Kong's Hang Seng Index was up 0.1% >>
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Aussie and Kiwi decline before European debt auctions
Wed, 11 Jan 2012 07:35:30 GMT
 
The New Zealand and Australian Dollars weakened on Wednesday erasing two day gains as Italy and Spain prepare to sell domestic bonds tomorrow amid concerns their sovereign ratings may be downgraded. Aussie depreciated 0.3% >>
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Romney leads in New Hampshire
Wed, 11 Jan 2012 07:35:24 GMT
 
Mitt Romney paved his position as the main Republican presidential candidate yesterday after he won in the New Hampshire. Romney surpassed his closed rival by 16 percentage votes in New Hampshire. Ron Paul of Texas >>
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Euro loses ground ahead of German, Spanish and Italian bond auctions
Wed, 11 Jan 2012 07:31:21 GMT
 
The 17-nation currency slipped against the US Dollar first time in last three days before Italian, Spain and German bill auctions. Germany will sell 4 bn Euros of 5-year notes today, while >>
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Geithner to call for cutting oil imports from Iran
Wed, 11 Jan 2012 07:31:14 GMT
 
Timothy F. Geithner, the US Treasury Secretary will call Asian two largest economies to reduce oil imports from Iran in his meetings with Chinese and Japanese PMs Wen Jiabao and Yoshihiko Noda. Geithner >>
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European markets surge on Alcoa sales results
Wed, 11 Jan 2012 07:31:07 GMT
 
European stocks climbed on Tuesday after investors anticipated sales from Alcoa Inc. which reported higher than expected results. French shares including those for luxury goods rallied after Fitch said it is not planning >>
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US stocks edge up led by appreciation of Euro
Wed, 11 Jan 2012 07:30:59 GMT
 
US stocks surged on Tuesday lifted by the appreciation in the Euro, as weaker greenback pushed higher oil price and other dollar-denominated resources and commodities. Dow Jones Industrial Average gained 0.6 or 69.78 >>
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New housing starts in New Zealand increased in November
Tue, 10 Jan 2012 08:59:34 GMT
 
New housing starts in New Zealand have followed an upward trend for the last eight months ending in November, reported Statistics New Zealand. However, the figures are volatile and stay close to >>
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Marks and Spencer saw sales increase
Tue, 10 Jan 2012 08:59:09 GMT
 
Marks and Spencer announced modest increase in the UK sales during the Christmas time. Sales in the last 13 weeks of 2011 rose 0.5% on a yearly basis while food sales gained >>
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Crude oil advances on the Iranian issue
Tue, 10 Jan 2012 08:58:48 GMT
 
Crude oil futures advanced after prior losses caused by weak industrial activity in Germany. Investors continue to eye the developments in Iran that warns it may close Strait of Hormuz in case >>
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