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Russia and Iran agreed on using national currencies for trade
Mon, 09 Jan 2012 15:57:38 GMT
 
Russia and Iran agreed to use their national currencies for conducting trade between them rather than using the USD. The move follows fresh sanctions imposed by the US and the EU on >>
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Coffee futures shrink on the favorable weather forecasts
Mon, 09 Jan 2012 15:57:31 GMT
 
Coffee futures slumped on favorable weather forecasts in the largest coffee producers as Colombia and Brazil. Arabica coffee for delivery in March traded at USD2.1905 a pound at the European afternoon session, >>
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Euro Zone's Sentix investor confidence improves in January
Mon, 09 Jan 2012 15:57:17 GMT
 
Euro Zone's investor confidence for this month improved more than expected but remained in the negative territory for the sixth month in line. Sentix index added 2.9 points to minus 21.1 this >>
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Copper fell to six-day low on the Euro Zone's woes
Mon, 09 Jan 2012 15:57:11 GMT
 
Copper futures declined to six-day low on the ongoing concerns over the Euro Zone's debt crisis. COMEX copper for delivery in March traded at USD3.421 a pound at the early European trade, >>
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Chairman of the Switzerland's National Bank resigned
Mon, 09 Jan 2012 15:57:02 GMT
 
Philip Hildebrand, the chairman of the Swiss National Bank, resigned after he had faced allegations in malpractice. His wife was accused of using leaked information on the reduction of the Frank exchange >>
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Corn advances on the South America weather forecasts
Mon, 09 Jan 2012 15:56:55 GMT
 
Corn futures rebounded after hitting one-week low as worries on South American crop conditions weighted up on the commodity price. Corn futures for delivery in March traded at USD6.5112 a bushel during >>
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German factory output declined by 0.6% in November
Mon, 09 Jan 2012 15:56:47 GMT
 
Germany's industrial production decreased more than expected in November, falling for the first time for four consecutive months. Industrial production declined by 0.6% seasonally adjusted in November, reported Destatis. Analysts had expected the >>
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SeaFrance has been liquidated
Mon, 09 Jan 2012 15:56:40 GMT
 
SeaFrance was officially liquidated by the French court and was forced to stop activity. The liquidation means more than 130 jobs loss in the UK. The Tribunal de Commerce made a decision >>
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Crude oil edges up on Iranian tensions
Mon, 09 Jan 2012 15:56:34 GMT
 
Crude oil saw gains on Monday on persistent worries on supply disruption from Iran and on anticipation of the meeting between Nikolas Sarkozy and Angela Merkel. Light, sweet crude oil futures for >>
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Switzerland's retail sales soar in November
Mon, 09 Jan 2012 15:56:28 GMT
 
Retail sales in Suisse increased essentially more than expected in November. The retail sales surged 1.8% on an annual basis in November while analysts expected them to add 0.5%, reported Switzerland's Federal Statistical >>
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German exports rose in November by 8.3%
Mon, 09 Jan 2012 15:56:12 GMT
 
German exports totaled EUR 94,9 billion while imports totaled EUR 78,7 billion in November, reported Destatis. The exports expanded by 8.3% while imports added 6.7% on a yearly basis in November. Considering >>
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Thailand's growth to fall below 1.8% last year
Mon, 09 Jan 2012 15:56:07 GMT
 
Thai economic expansion is likely to slow down, falling below the forecast of 1.8% growth in 2011, reported the central bank of Thailand. Severe floods coupled with global economic downturn impacted the >>
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Switzerland's Jobless rate increased to 3.1% in December
Mon, 09 Jan 2012 15:56:01 GMT
 
Swiss jobless rate saw modest increase in December, according to the State Secretariat for Economic Affairs. The rate edged up to 3.1% seasonally adjusted last month from 3% in the preceding month. >>
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Hong Kong Airlines to order $3.8bn Airbus A380
Mon, 09 Jan 2012 15:52:53 GMT
 
Hong Kong Airlines placed order for 10 Airbus A380 aircraft amounting about $3.8bn.The order might have been derailed by the tensions between the EU and China. China has refused to pay tax >>
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GM sales in China saw 8.3% increase last year
Mon, 09 Jan 2012 15:52:47 GMT
 
Sales of General Motors Co. and company's joint venture in China increased by 8.3% to 2,547,171 units in 2011. Shanghai GM sales advanced 16.2% to 1,200,355 units, the GM announced on Monday. >>
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