Spain faced rising borrowing costs at debt sale

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Source: Forexpros
Spain faced rising borrowing costs at Tuesday's auction where the country was selling three and six-month sovereign bonds. Spain sold 1.6 billion Euros of bonds with maturity in three months with average yield of 2.362% as compared to a yield of 0.846% at auction in May. Meanwhile, the country also sold 1.48 billion Euros of six-month bonds with average yield of 3.237% versus 1.737% at auction in May.

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Tue, 26 Jun 2012 15:52:34 GMT

South Korea to stop Iranian oil imports

South Korea will halt imports of oil from Iran starting from July 1 in compliance with EU insurance ban on ships transporting the commodity. The ban is a part of strategies undertaken by the US and EU to lower Iranian oil exports. The country cannot import oil without insurance granted by the EU companies hence South Korea is the first

Tue, 26 Jun 2012 14:25:20 GMT

Wheat surged on adverse weather conditions

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