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Australian currency depreciates on European concerns
Thu, 05 Jan 2012 08:52:21 GMT
 
Australia's and New Zealand Dollars weakened against most of their counterparts on Thursday after Italian biggest bank UniCredit SpA announced large discount on its shares prompting fears European banks may >>
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Euro trades close to 11-year record low against Yen
Thu, 05 Jan 2012 08:51:03 GMT
 
17-nation currency moved towards 11-year record low against Japanese Yen on Thursday before French bond auction due today as investors express anxiety if Euro Zone banks and governments will manage >>
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UniCredit plunge after reporting 43% discount on its shares
Thu, 05 Jan 2012 08:50:24 GMT
 
One of biggest Italian lender UniCredit SpA faced biggest decline in stock price since 1988 after the bank announced it is preparing to sell  €7.5 bn ($9.7bn) of shares at 43% >>
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European stocks' decline led by financials
Thu, 05 Jan 2012 08:49:10 GMT
 
European markets faced a decline on Wednesday as investors began to sell Spanish and Italian bank stocks extensively amid reintroduced worries about region's debt turmoil. Stoxx 600 lost 0.6% and >>
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Chinese stocks recover while Japanese decline
Thu, 05 Jan 2012 08:46:08 GMT
 
Shares on China and Shanghai recovered on Thursday as investors anticipated news that China may cut reserve requirement ratio for lenders. Japanese markets experienced a decline as technology stocks made >>
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US stocks close higher on retailer gains
Thu, 05 Jan 2012 08:45:43 GMT
 
US shares mostly gained on Wednesday as data on robust post Christmas shopping and car sales in previous month helped to offset worries about European debt woe. Dow Jones Industrial >>
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Hungarian currency hit all-times low
Thu, 05 Jan 2012 07:06:10 GMT
 
Hungarian currency, the Forint tumbled to a record low against the Euro on worries that country will not be capable to secure the bailout package from the IMF and the EU because >>
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Inflation in the Euro Zone declines to 2.8% in December
Thu, 05 Jan 2012 07:05:33 GMT
 
The annual rate of inflation in the Euro Zone was 2.8% in December as compared to 3% in November, according Eurostat. The inflation rate basically was in compliance with expectations. However, the >>
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Crude oil falls again on the Euro Zone concerns
Thu, 05 Jan 2012 07:04:36 GMT
 
Crude oil futures fell after approaching seven-week high as investors' confidence was dampened by fresh worries over the Euro Zone's recession. The ECB deposit facility's use hit a new record high of >>
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Jim Rickards : US and Iran's war will stimulate oil and gold prices
Thu, 05 Jan 2012 07:03:41 GMT
 
Crude oil and gold prices are likely to surge soon on the US-Iran war, claims Jim Rickards. He says the war has been started as tensions and sabotage between two countries reached >>
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Euro Zone's service sector contraction slows
Thu, 05 Jan 2012 07:03:12 GMT
 
The contraction of the service sector in the Euro Zone slowed last month. The Markit Euro Zone purchasing managers' index approached 48.8 in December, being a three-month high. Analysts expected the figure >>
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China has $84bn of government debt irregularities
Thu, 05 Jan 2012 07:02:44 GMT
 
China's National Audit Office has found $84bn of irregularities in the government debts. The irregularities include irregular collateral and credit guarantees. The incident raised worries over the amount of bad debts held by >>
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DIW Institute: German GDP is likely to expand by 0.6% this year
Thu, 05 Jan 2012 07:02:17 GMT
 
German DIW Institute cut Germany's growth forecast on Wednesday. The institute expects the GDP to expand by 0.6% this year as compared to 1% initially projected. The GDP is likely to accelerate >>
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France: Households' consumption fell 0.1% in November
Thu, 05 Jan 2012 07:01:55 GMT
 
France's household expenditure on goods declined by 0.1% seasonally adjusted in November after 0.1% rise in October. The demand for durables increased by 1.5% mostly due to 3.2% increase in car purchases >>
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Copper depreciates after reaching three-week high
Wed, 04 Jan 2012 17:24:49 GMT
 
Copper futures declined after hitting three-week high on the increasing worries over the Euro Zone's crisis and weaker demand for the commodity in China. COMEX copper March contracts traded at USD3.490 a >>
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