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Iranian currency sinks against the USD on new sanctions
Tue, 03 Jan 2012 10:13:30 GMT
 
Iran's currency, the Rial, depreciated against the USD by 12% following the US sanctions aimed at Iran's central bank. The Rial traded at 17,800 to the USD on Monday as compared to >>
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World's largest economies face $7.6 trillion debt burden
Tue, 03 Jan 2012 10:13:18 GMT
 
World's leading economies will have to deal with around $ 7.6 trillion of bonds due this year and most of these countries are facing a surge in yields. Japan with $3 trillion obligation >>
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BP demand Halliburton to pay compensation for Gulf of Mexico spill
Tue, 03 Jan 2012 10:12:39 GMT
 
BP asked Halliburton to reimburse all costs that arose due to oil spill in Gulf of Mexico. The court hearing will take place this year to settle claims from both companies. BP >>
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US car market might had the best December since 2007
Tue, 03 Jan 2012 10:12:38 GMT
 
US auto dealers are expected to have had the best December since 2007 as consumer confidence reached 8 month high. Analysts questioned by Bloomberg predict light motor vehicle sales may increase to 13.4 >>
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German bonds fall for a second straight day
Tue, 03 Jan 2012 10:12:03 GMT
 
German sovereign bonds declined for a second consecutive day after a rally in Asian markets reduced demand for safer assets as investors regained confidence that global growth can be sustained. Borrowing costs on >>
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Precious metals rally on the Iranian tensions and pessimism over the Euro Zone
Tue, 03 Jan 2012 10:11:32 GMT
 
Gold and silver advanced following the reports on the ongoing Iran's nuclear development and negative headlines from the Euro Zone. Investors started to put money in silver and gold to limit the >>
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Central bank of Philippine to focus on boosting growth
Tue, 03 Jan 2012 10:11:08 GMT
 
Bangko Sentral ng Pilipinas announced it will concentrate more on stimulating the economic growth in the country while determining the monetary policy. Before, the central bank pursued an objective to manage inflation >>
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Beijing's house sales tumbled last year
Tue, 03 Jan 2012 10:09:31 GMT
 
Sales of homes in Beijing tumbled in 2011 responding to the government's policies aimed at slowing down the growth of the sector. Beijing's new house sales fell by 18.4% on yearly basis >>
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South Korea increases crude oil imports on the Iranian issue
Tue, 03 Jan 2012 09:59:44 GMT
 
South Korea crude oil imports increased by 2.7% to 79.8 million barrels last month as country wanted to limit risk of the fears over the possible oil export disruption from Iran. Natural >>
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Gold futures advanced 0.8% during the Asian trade
Tue, 03 Jan 2012 09:20:19 GMT
 
Gold futures edged up at the Asian trading hours signalling on the metal returning to its upward trend amid weaker USD. Gold futures for delivery in February advanced 0.8% to $1,579.90 an ounce >>
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China's CPI is expected to ease further
Tue, 03 Jan 2012 09:18:44 GMT
 
China's inflation is expected to ease in 2012 amid weaker commodity demand and tough monetary policy. The CPI is likely to increase by 3.5% in 2012, according to report of the Bank >>
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UK business confidence diminishes
Tue, 03 Jan 2012 09:18:19 GMT
 
UK business confidence regarding economic outlook dropped in December reaching the lowest reading since the beginning of 2009. An index that shows the optimism of British companies fell 3 points compared to November, >>
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Economists predict US production rose in December
Tue, 03 Jan 2012 08:02:31 GMT
 
According to economists questioned by Bloomberg manufacturing activity in US is likely to have improved in December. Economists expect the US manufacturing gauge to increase from 52.7 in November to 53.4 in December. >>
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Australian bonds fall on Asian manufacturing data
Tue, 03 Jan 2012 08:00:45 GMT
 
Australian sovereign bonds declined reaching highest yields since September as surveys indicate Asian manufacturing is growing and investors demand safe haven assets less. The borrowing costs on 10-year Australian bill increased by 16 >>
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Aussie and Kiwi rally as Asian markets advance
Tue, 03 Jan 2012 07:58:51 GMT
 
Australian and New Zealand Dollars sharply appreciated on Tuesday reaching 3-week high as Asian markets rallied on better-than-expected manufacturing data. Aussie strengthened both 0.6% against US Dollar and Japanese Yen to $1.0297 and ВҐ79.12 >>
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