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Thailand's GDP growth is expected to lose 5% in Q4
Wed, 28 Dec 2011 09:38:14 GMT
 
Thai GDP is likely to shrink by 5% in Q4 as flooding impacted manufacturing and dampened exports, according to the Ministry of Finance's Fiscal Policy Office. However, measures aimed at faster recovery after >>
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Barclays suffers from aluminium and copper bets
Wed, 28 Dec 2011 09:36:22 GMT
 
Barclays experiences losses of millions of the USD on copper and aluminium trades. The bank denies any rumours about losses; however, LME reports that Barclays is losing money. Barclays had taken long-term >>
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China bans creation of new gold exchanges
Wed, 28 Dec 2011 09:35:50 GMT
 
The PBOC announced it will ban the creation of new gold exchanges as well as any setting up of gold trading platforms on the already existing exchanges.  The move aims combating with illegal >>
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ECB: record cash deposits
Wed, 28 Dec 2011 09:33:50 GMT
 
The ECB announced it has received a record high cash deposits from banks totaling 412bn euros. The growing interest to the deposit facility of the ECB signals the unwillingness to perform interbank >>
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Gun sales in the US hit the record
Wed, 28 Dec 2011 09:31:26 GMT
 
US gun sales hit the record, measured on the basis of background checks conducted by Federal Bureau of Investigation, reported CNN. The number of checks approached 1.5 million in November; however, the >>
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China's property prices have to fall by 25%
Wed, 28 Dec 2011 09:30:06 GMT
 
Governmental policies aimed at cooling the real estate sector have to be continued until house prices tumble by 25%, reported Agricultural Bank of China. The bank claims the prices must first fall >>
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Gold prices sink at the post-holiday trade
Wed, 28 Dec 2011 09:27:25 GMT
 
Gold prices declined as investors turned to US assets amid stronger than expected US consumer confidence. Gold futures for delivery in February traded at USD1,589.15 a troy ounce during the morning Asian >>
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China's lenders see higher demand for capital
Wed, 28 Dec 2011 09:25:27 GMT
 
China's commercial lenders are under growing pressure of capital shortage and are likely seek for refinancing channels next year, predict analysts. China's floated lenders plan to rise circa 100 billion Yuan via >>
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Sears and Kmart to axe 120 stores
Wed, 28 Dec 2011 09:21:50 GMT
 
Sears and Kmart announced they plan to close down about 120 stores due to the low amount of sales. In pre-Christmas period the sales of Kmart and Sears dropped by 4.4% and >>
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Chinese airline sector expansion is likely to decline
Wed, 28 Dec 2011 09:19:59 GMT
 
Chinese airline industry is likely to have lower growth of profits next year as residents tend to switch to rail service. Profit for the industry is expected to climb 5.1% to 45.6 >>
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Crude oil futures erase gains
Wed, 28 Dec 2011 09:17:03 GMT
 
Crude oil futures fell after strong gains on the Iranian and Syrian supply threat and stronger consumer confidence in the US. Syrian oil production already dropped by 35% on sanctions imposed due >>
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Tepco shares sink on the probable nationalization
Wed, 28 Dec 2011 09:16:01 GMT
 
Tepco shares tumbled on the Tokyo Stock Exchange on the worries that company may be nationalized. The company applied to the government for provision of additional 690bn Yen to pay compensation to >>
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Japan pact may make Yuan a new reserve currency
Wed, 28 Dec 2011 09:14:50 GMT
 
Japan and China have reached an agreement that stipulates Japan to hold China's bonds as a part of the country's foreign-exchange reserves. Japan will buy about $500 million worth China's sovereign bonds >>
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Natural gas rise on the colder weather forecasts
Wed, 28 Dec 2011 09:11:45 GMT
 
Natural gas futures increased on the colder weather forecasts for the next week in the US. Colder than normal winter weather increases heating fuel's demand. Natural gas futures for delivery in >>
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UK's unemployment to rise next year
Wed, 28 Dec 2011 09:10:59 GMT
 
UK's unemployment is expected to rise next year to 2.85m and reach a record in 2013, according to CIPD. The private businesses will not be able to provide enough jobs to offset >>
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