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Yuan to fluctuate this year
Fri, 06 Jan 2012 09:05:41 GMT
 
The Yuan is expected to face large fluctuations in 2012 but mainly appreciate by 2%-3% against the USD over the year, said professor at  Fudan University. The central bank of China >>
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Belgian budget on 2012 was rejected by the European Commission
Fri, 06 Jan 2012 09:05:07 GMT
 
Belgium's budget for this year was rejected by the EC that assessed Belgian projections as overoptimistic. The country expects the deficit to narrow to 2.8% of GDP with the GDP expansion of >>
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Oil declines in Asian session
Fri, 06 Jan 2012 08:56:33 GMT
 
Crude oil fell during the electronic trade, but remained above $101 a barrel as investors anticipate US employment report due today. On the New York Mercantile Exchange, crude oil futures for delivery >>
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Alibaba may face challenges in buying Yahoo
Fri, 06 Jan 2012 08:56:00 GMT
 
Alibaba Group Holdings Ltd. may face difficulties in acquiring Yahoo Inc. after it hired a new CEO. Yahoo appointed Scott Thomson; the move indicates Yahoo's unwillingness to sell its assets in the >>
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Accountants auditing JP Morgan fined £1.4m
Fri, 06 Jan 2012 08:55:23 GMT
 
PricewaterhouseCoopers was fined £1.4m by the AADB for audit of the JP Morgan bank. JP Morgan was fined £33.3m in 2010 as the company failed to protect money of the clients by >>
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Greece's second bailout package has to be larger than EUR130 billion
Fri, 06 Jan 2012 08:54:12 GMT
 
Greece's latest bailout package is likely to be bigger than EUR130 billion initially planned taken the deteriorated financial situation in the country, reported Financial Times Deutschland. The planned amount will be insufficient as >>
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China sees stimulating domestic consumption as top priority
Fri, 06 Jan 2012 08:51:51 GMT
 
Lifting of the China's domestic demand will be of critical importance for the government this year, said Chen Deming, Commerce Minister. Despite global downturn, China's economic expansion sees favourable conditions for boosting domestic >>
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Canada's Ivey PMI hits 63.5 in December
Fri, 06 Jan 2012 08:51:11 GMT
 
Canada's Ivey PMI increased more than expected in December. The Ivey PMI added 3.6 points approaching 63.5 last month from November's reading of 59.9. Experts predicted a decrease in the indicator by >>
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Aussie and Kiwi maintain downward trend amid European debt alarm
Fri, 06 Jan 2012 08:50:22 GMT
 
On Friday Australia's and New Zealand's Dollar enlarged their losses against US Dollar for a third consecutive day as European debt anxiety damped demand for more risky assets. Australian Dollar >>
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Copper futures tumble after French bond auction
Fri, 06 Jan 2012 08:49:06 GMT
 
Copper futures tumbled to one-week low on the persistent worries over the Euro Zone financial difficulties after French bond auction. COMEX copper for delivery in March traded at USD3.413 a pound during the >>
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US gold output slightly lower in October
Fri, 06 Jan 2012 08:48:46 GMT
 
US production of gold declined slightly in October to 20,500 kg from the revised September's figure. Daily October's production approached 661 kg as compared to 690 kg in September, reported the Institute >>
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Euro extends decline against Yen and US Dollar
Fri, 06 Jan 2012 08:41:30 GMT
 
17-nation currency traded 0.2% from 11-year record low on Friday morning as expectations about fading spending and consumer confidence amid surging French yields boosted anxiety among investors. The Euro depreciated >>
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Knut names Germany as main hurdle to bailout fund
Fri, 06 Jan 2012 08:40:57 GMT
 
Germany has to support more financing to boost emergency bailout fund and rescue the Euro Zone, said Klaas Knut, the member of ECB Governing Council. German officials are likely to refuse increasing financing >>
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Japan predicted to have faced a contraction in last months of 2011
Fri, 06 Jan 2012 08:40:04 GMT
 
Japanese recovery from earthquake may have slowed down in November and October, suggest the Japan Center of Economic Research. The analysts predict country's GDP fell in two previous months creating 0.1% contraction for >>
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Asia stocks extend losses on Friday
Fri, 06 Jan 2012 08:39:16 GMT
 
Asia shares experienced a further decline on Friday on rebounded worries about deepening European debt crisis and disappointing US mortgage aid program. Japan's Nikkei Stock Average finished 1.2% down, Hong Kong's Hang Seng Index lost >>
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