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Euro moves toward its first yearly nonstop drop since 2001
Fri, 30 Dec 2011 15:30:24 GMT
 
17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about >>
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European markets open higher on the last trading day
Fri, 30 Dec 2011 15:29:57 GMT
 
European equity markets opened higher on last trading session in 2011 led by metal and energy stocks. Stoxx Europe 600 index and German DAX 30 index both gained 0.3% at 243.26 and 5,864.06 respectively. >>
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Loonie strengthens against Euro after Italian debt auction
Fri, 30 Dec 2011 15:29:50 GMT
 
Canadian Dollar appreciated against European common currency reaching 11-month record-high on investor speculation ECB will have to enlarge cash infusions after Italy did not manage to auction the planned amount of bonds. Canadian >>
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Greece's retail sales saw further decline
Fri, 30 Dec 2011 12:38:59 GMT
 
Greece faced a decline in the retail sales in October, according to official data. The retail sales decreased by 10.8% in October on an annual basis after declining by 6.5% in the >>
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Russia's currency and gold reserves advanced to $503.0 billion
Fri, 30 Dec 2011 12:38:02 GMT
 
Russia's currency and gold reserves rose 4.92% to $503.0 billion from $479 billion last year, reported Russian Central Bank. The reserves jumped by $ 1.7 billion during the last week. India, one >>
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Indian vote on the anti-corruption bill is postponed
Fri, 30 Dec 2011 12:36:46 GMT
 
India's parliament has delayed the vote on the anti-corruption Lockpal bill on the strong opposition. The debates lasted till midnight of the local time with the opposition claiming the PM has to >>
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Experts believe the silver is a viable investment option
Fri, 30 Dec 2011 12:34:20 GMT
 
Currently the commodity market provides an advantage to traders as price for precious metal declines but the metals are likely to appreciate in the nearest future, said James West, advisor of the >>
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Crude oil futures fell below $100
Fri, 30 Dec 2011 12:33:29 GMT
 
Crude oil futures edged down during the early European trade on Friday despite supply concerns due to Iranian issue. On the New York Mercantile Exchange, crude oil futures for February delivery lost 29 >>
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India may increase steel output
Fri, 30 Dec 2011 12:32:52 GMT
 
Despite the fall in steel price, Indian steel producers are optimistic about the base metal's price prospects. During this year the demand for the metal declined by 3%; however, it is still >>
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Hungary plans to pass controversial law
Fri, 30 Dec 2011 12:31:07 GMT
 
Hungary plans to accept changes to constitution that limits  the independence of the Hungary's central bank. The changes are expected to be approved during the last session of the parliament in >>
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Japan postpones an increase in sales tax
Fri, 30 Dec 2011 12:28:36 GMT
 
Japan's leading party, the DPJ, agreed to put on hold an increase of the sales tax as the opposition expressed strong protest to the move. The party agreed to postpone 8% tax >>
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China's real estate market to remain cool next year
Fri, 30 Dec 2011 12:28:02 GMT
 
China's tightening policy aimed at cooling exorbitantly growing property market has led to slowdown of the real estate sector's expansion.  Experts predict the next year will be even tougher to the industry. Expected >>
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Silver drops by 15% amid rising short positions
Fri, 30 Dec 2011 12:23:42 GMT
 
Silver price was falling in December as traders not only stayed away from the white metal, but also opened more short positions in silver. Experts predict further fall in prices of precious >>
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Recession to return to Europe
Fri, 30 Dec 2011 12:21:07 GMT
 
The overwhelming majority of the economists surveyed by BBC believe the crisis will return in 2012 to Europe. Many economists saw the possibility of the Euro Zone's break-up as 30%-40%. The poll >>
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CNOOC sets up a fund for protecting marine environment
Fri, 30 Dec 2011 12:20:39 GMT
 
CNOOC, China's owner of oilfield which spilled about 700 barrels of oil in Bohai Bay, will establish nonprofit fund aimed at protection of marine environment. The company donated 500 million yuan as >>
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