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Asian markets maintain downward trend
Thu, 29 Dec 2011 08:52:07 GMT
 
Most of Asian equities kept downward path on Thursday and closed lower as investors remained concerned about debt woe across the Europe. Hong Kong's Hang Seng Index was down 0.9%, Japan's Nikkei Stock >>
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German DAX slightly up as Italian yields decline
Wed, 28 Dec 2011 13:46:41 GMT
 
After substantial gains on Tuesday, German benchmark DAX index was marginally up on Wednesday. At the moment of writing DAX index is 0.07% or 4.21 points up at 5,893.97. Among main decliners were >>
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FTSE 100 up after successful Italian bond auction
Wed, 28 Dec 2011 13:46:31 GMT
 
After prolonged Christmas holidays UK benchmark FTSE 100 opened 0.3% higher on Wednesday and extended gains later during day as Italy successfully sold bonds and their yields declined.  At the moment of writing FTSE >>
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S&P 500 almost flat on Tuesday
Wed, 28 Dec 2011 13:46:21 GMT
 
S&P 500 Index added 0.01% or 0.1 point on Tuesday and finished at 1,265.43 led by utility stocks. On year-to-date basis the index is 0.6% up. Most negative contribution came from Sears Holdings >>
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Dow Jones little changed on Tuesday trade
Wed, 28 Dec 2011 13:46:07 GMT
 
Dow Jones Industrial Average traded nearly flat on Tuesday following 427 point increase previous week. Blue chip index slipped 0.02% or 2.65 points closing at 12,291.35. Dow Jones was higher most of the >>
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Nikkei 225 slightly down in Asian trading session
Wed, 28 Dec 2011 13:45:56 GMT
 
Japan's Nikkei Stock Average traded almost flat on Wednesday giving up 0.2% or 16.94 points, finishing at 8,423.62 amid tedious US data. Tokyo Electric Power Co plunged 12% after Yukio Edano, minister of >>
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Hang Seng index extends losses on Wednesday
Wed, 28 Dec 2011 13:45:26 GMT
 
After returning from holidays in Hong Kong's markets Hang Seng index dropped 0.59% or 110.50 points to 18,518.67 led by resource stocks. Analysts explain decline in the index with dreary US data as >>
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Saudi Arabia may replace Iran in oil supplies
Wed, 28 Dec 2011 12:07:58 GMT
 
Saudi Arabia may fill in the gap in oil supplies in case western economies impose sanctions on Iranian oil. Moreover, Iran will face difficulties in exporting its oil if it continues its >>
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Copper futures rise on Freeport strike
Wed, 28 Dec 2011 12:07:12 GMT
 
Copper futures increased on the fears of the global supply disruptions as workers of the Freeport mine announced they would go on new strike if management continues layoffs. Copper futures for delivery >>
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Italy: Yields decline after sic-month Treasury bills sale
Wed, 28 Dec 2011 12:06:15 GMT
 
Italian Treasury sold 9 billion euros in six-month Treasury bills eyeing sharp decline in yields to 3.25% from 6.50% on the same papers in November. The demand for bills improved since November >>
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LCD companies pay $553m for price fixing in the US
Wed, 28 Dec 2011 12:05:12 GMT
 
The world's largest LCD screens manufacturers agreed to pay $553m to settle claims on price fixing in 8 states in the US. Despite paying the amount, companies continue to deny accusations. Samsung >>
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Grasberg copper mine may face another strike
Wed, 28 Dec 2011 12:04:33 GMT
 
Workers of Freeport McMoRan's Grasberg mine stopped working because of the dispute with management. Workers protest against forthcoming redundancies as company already laid off 18 workers and kept 101 additional employee on >>
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Italian and Spanish bonds advance ahead of auction
Wed, 28 Dec 2011 10:57:54 GMT
 
Italian sovereign bonds climbed as the country prepared to sell around 11.5 bn euros of debt. 10-year borrowing costs on Italian bills gave up 12 basis points reaching 6.88%. Five-year >>
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Spanish mortgages drop for 18th straight month
Wed, 28 Dec 2011 10:57:30 GMT
 
Spain's residential mortgages fell for a 18th consecutive month as banks were reluctant to lend amid increase both in bad loans and borrowing costs. In October the number of housing loans dropped >>
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Sweden's retail sales up for a second month
Wed, 28 Dec 2011 10:56:09 GMT
 
Sweden's retail sales surprisingly surged for a second straight month as nation's unemployment level fell. Seasonally adjusted sales added 0.8% in November after growing 0.4% in previous month. Economists questioned >>
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