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Crude oil eased down to USD98.89 a barrel
Mon, 02 Jan 2012 14:10:27 GMT
 
Crude oil prices eased down during the last trade of 2011 on the negative headlines from the Euro Zone but the price was supported by fears over the disruption to oil supplies >>
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China saw production improvement
Mon, 02 Jan 2012 14:07:32 GMT
 
China saw an improvement in core gauge of manufacturing that increased optimism over the stable economic expansion in 2012. The PMI increased to 50.3 in December as compared to 49 in November >>
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French new-car registrations decline by 18% last month
Mon, 02 Jan 2012 14:06:21 GMT
 
France's new car registrations tumbled 18% last month on a yearly basis. The decline was expected by analysts. French car manufacturers saw a 29% drop in registrations, while foreign producers faced >>
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Exxon wins oil dispute with Venezuela
Mon, 02 Jan 2012 14:04:31 GMT
 
Exxon won the case with Venezuela's government on the compensation for nationalization of the company's crude oil project. The amount of compensation totaled $908m that is $1bn less than the Venezuelan government offered >>
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Euro Zone collapse to start in 2012
Mon, 02 Jan 2012 14:04:00 GMT
 
The era of the common currency union is likely to end in the next decade with Italy and Greece leaving the Euro Zone in 2012, said leading expert. There is 99% probability >>
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Grain futures rally on adverse weather conditions
Mon, 02 Jan 2012 13:59:46 GMT
 
Grain futures jumped to several-week high on the adverse weather forecasts in Brazil and Argentina that may hurt the crops. US corn, soybean and wheat futures all posted gains in the last >>
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Nigeria sees doubling oil prices after subsidy withdrawal
Mon, 02 Jan 2012 13:57:33 GMT
 
Oil prices almost doubled in many regions of Nigeria after the government withdrew oil price subsidy that cost $8bn a year. Residents are disappointed as higher oil price will also increase the >>
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Gold lost 5.1% on Friday
Mon, 02 Jan 2012 13:54:07 GMT
 
CME gold futures for delivery in February lost 5.1% or $82.10 during the last trade of 2011 on Friday. The gold shares also saw decline with NYSE Arca Gold Bugs Index decreasing >>
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Spain public deficit to exceed target
Mon, 02 Jan 2012 13:51:41 GMT
 
Spain public deficit in 2011 is expected to be much higher that targeted 6% of the GDP, said Luis de Guindos, Economy Minister on Friday. The announcement increased fears over the indebted >>
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India may ease its monetary policy
Mon, 02 Jan 2012 13:49:21 GMT
 
India may ease the monetary policy on the worries about the global economic downturn, announced the RBI. The bank plans to concentrate on the measures aimed at boosting growth rather than on >>
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Natural gas futures fell on mild weather
Mon, 02 Jan 2012 13:48:16 GMT
 
Natural gas futures saw losses on Friday's trade as investor's sentiment was impacted by mild weather forecasts and increasing inventory level. Natural gas futures for February delivery traded at USD2.966 per million British >>
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Hyundai and Kia expect lower pace of sales growth
Mon, 02 Jan 2012 13:47:45 GMT
 
Hyundai and Kia Motors announced they expect to see essentially slower growth in sales in 2012 than in 2011 amid the global economic slowdown. European recession and increased competition from Japanese car producers >>
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Manufacturing activity is still contracting in Europe but at a slower pace
Mon, 02 Jan 2012 12:04:38 GMT
 
Industrial production activity across Euro Zone countries indicated a contraction for a fifth straight month. Purchasing Managers' Index in December climbed to 46.9, rebounding from 28-month record low of 46.4 in November. The >>
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Canadian Dollar averages above par in 2011
Mon, 02 Jan 2012 12:03:53 GMT
 
Canadian currency traded on average close to parity last year, reaching strongest mean value since 1976. The Loonie averaged C$0.9892 per US Dollar in 2011. Canadian Dollar experienced its highest annual closing price >>
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European stocks open higher on the first trading day in 2012
Mon, 02 Jan 2012 11:15:08 GMT
 
European stock markets opened up on the first trading session this year, led by German shares, as investors responded positively to PMI data. However, the activity was limited as UK and >>
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