Wen Jiabao calls for confidence in the economy

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Source: China.org.cn

Wen Jiabao, China's Premier, called for country to stay confident in the economy despite tough outlook of further development. The country faces fall in export growth to EU and challenges from slower economic growth and inflation, though China overcame similar difficulties in 2008 and now the country is able to struggle with challenges, he added.

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Wed, 21 Dec 2011 10:43:51 GMT

Crude oil futures surge on supply concerns

Crude oil futures increased on the concerns over possible supply disruptions and strong economic data in the world. Labour disputes in Kazakhstan and fresh sanctions to be imposed on Tehran both contributed to supply worries. Light, sweet crude oil futures for February delivery traded at USD97.58 a barrel at the morning trade on the New York Mercantile, gaining 3.75%.

Wed, 21 Dec 2011 10:38:10 GMT

Members of Mercosur ban Falkland's ships to enter their ports

Members of Mercosur that includes Brazil, Argentina, Paraguay and Uruguay have agreed to impose blockade of their ports to the Falkland's vessels. The decision is based on the solidarity with Argentina that has claimed its sovereignty over Falkland. Currently, the islands belong to the UK that considers the future of the territory not negotiable and insists on further explanations from Mercosur.

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