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Copper advances despite 48.7 PMI in China
Fri, 30 Dec 2011 09:12:17 GMT
 
Copper price increased on Friday even despite reports on low PMI in China that was 48.7 in December while reading below 50 indicates contraction. However, the metal found support in the increasing >>
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Yuan approaches new record in the year's last day of trade
Fri, 30 Dec 2011 09:12:06 GMT
 
The Yuan added 148 basis points against the USD in today's trade, approaching a new record of 6.3009 versus the US Dollar. Yearly Renminbi's appreciation against the USD achieved 4.86%, reported the >>
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China's tourism infrastructure expands
Fri, 30 Dec 2011 09:11:56 GMT
 
The number of hotels in China touched 13,908 with 607 five-star hotels, signaling on rapidly growing truism infrastructure in the country. China's travel agencies totaled 23,315 and the tourist arrivals for the period >>
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UK Nationwide HPI declines to minus 0.2%
Fri, 30 Dec 2011 09:11:25 GMT
 
The UK's Nationwide home price index decreased more than expected in November.  The index dropped to minus 0.2% in November from 0.4% in October. Experts predicted the index to grow 0.3% in November. >>
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Deutsche Telekom pays above $95m to settle the bribery charge
Fri, 30 Dec 2011 09:11:15 GMT
 
Deutsche Telekom and Magyar Telekom, its Hungarian subsidiary, agreed to pay about $95m to settle the charges of the US that accused the companies in bribing the officials in Macedonia and Montenegro. >>
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Chinese manufacturing activity falls for second consecutive month
Fri, 30 Dec 2011 09:10:51 GMT
 
China's factory activity fell for the second month in line in December on the weak global demand and ongoing tightening of the real estate market, according to HSBC. The HSBC Purchasing Managers' >>
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Canada may sell its oil to China on the lack of Keystone decision
Fri, 30 Dec 2011 09:10:19 GMT
 
Canada may sell its oil to China amid the delay in the US decision on the Keystone's pipeline. US government postponed the approval of the pipeline project that proposes to build a >>
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South Korean inflation stays above the target
Fri, 30 Dec 2011 09:10:00 GMT
 
South Korea's inflation stayed above the target of the country's central bank in December. Consumer prices added 4.2% this month on a yearly basis and 0.4% on a monthly basis. The Bank >>
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ICBC starts bond sale to boost capital
Fri, 30 Dec 2011 09:09:49 GMT
 
The largest commercial bank of China, the ICBC has started two-day bond sale worth 50 billion yuan to increase its capital. The sale comprises 10-year bonds totaling 10 billion yuan and 15-year >>
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Credit Agricole and BNP enfolded by debt sales
Fri, 30 Dec 2011 09:02:22 GMT
 
BNP Paribas SA and Credit Agricole SA, the leading French corporate bond distributors predict slowdown for 2012 as both companies have managed to attract the least amount of capital in second half of >>
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Germany to speed up bailout payments
Fri, 30 Dec 2011 09:01:49 GMT
 
According to announcement of Angela Merkel's party, Germany is considering speeding up bailout payments to European Stability Mechanism in order to ensure higher ratings for nation's bonds and get higher independence from rating >>
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Lending in South Africa surges on low interest rates
Fri, 30 Dec 2011 09:01:20 GMT
 
In November South African borrowing rose faster compared to previous month reaching increase of 6.22% as nation's central bank maintained its interest rate unchanged at 5.5% or 30-year record low to boost growth >>
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Aussie and Kiwi recover as stocks retreat
Fri, 30 Dec 2011 09:00:09 GMT
 
New Zealand and Australian Dollars strengthened on Friday against their major trading counterparts as Asian stocks recovered, stimulating demand for more risky assets. Both Australian and New Zealand Dollars gained 0.2% against US >>
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Australia's home value declines
Fri, 30 Dec 2011 08:59:20 GMT
 
Housing prices in Australian 8 main cities dropped 3.7% during period January-November 2011, creating the biggest fall in 12 years on anxiety European debt turmoil may harm the country's economic growth. Decline in >>
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Bank of America to be the worst stock of Dow Jones
Fri, 30 Dec 2011 08:58:51 GMT
 
Bank of America is on path to become the worst stock within Dow Jones Industrial Average Index for 2011.  Growing concern among investors about escalating mortgage losses amid global slowdown pushed down >>
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