Crude approaches one-week record high

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Source: Bloomberg
Crude oil fluctuated close to a one-week record high as Fed claimed they expect the economic growth to advance, encouraging the speculation that fuel demand will increase. Moreover Iran announced it may stop its nuclear expansion. June crude traded at USD 104.07 a barrel after climbing USD 0.57 yesterday. Brent oil to be delivered in June traded at USD 119 a barrel or USD 0.12 lower. 
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Thu, 26 Apr 2012 09:25:33 GMT

South Korea's GDP advanced in 1st quarter

South Korean economy accelerated reaching the fastest growth in a year despite European austerity and slower growth in China. Country's GDP climbed 0.9% in the first three months compared to previous quarter when it added 0.3%. The actual reading matches the average figure predicted by Bloomberg survey of 13 economists. 

Thu, 26 Apr 2012 07:17:31 GMT

Deutsche Bank reports a drop in profit for the 1st quarter

Deutsche Bank, the German biggest lender posted a 33% drop in its first quarter profit, citing debt crisis as a negative force that curbed trading. Net income declined to EUR 1.38 billion (USD 1.82 billion) compared to EUR 2.06 billion in the same period last year. Economists questioned by Bloomberg expected the profit to decrease less to EUR 1.56 billion. Deutsche

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