Oil futures rose on Thursday

Note: This section contains information in English only.
Source: Marketwatch

Crude oil edged higher on Thursday, August 23, as China's manufacturing sector is contracting at a faster pace than earlier believed, leaving more space for new stimulus actions from Beijing. Crude oil for October settlement jumped 0.5 per cent, to $97.72 per barrel. In the meanwhile, natural gas futures tanked Thursday as government's weekly report showed a larger-than-expected increase in supplies. Natural gas with September contract tumbled 3.4 per cent, to $2.73 a million British thermal units.

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Fri, 24 Aug 2012 07:17:56 GMT

RBA's Stevens surprised by SNB's holdings of Aussie

The RBA Governor Glenn Stevens was surprised by the Swiss National Bank's decision to purchase the Australian Dollar, which is usually sold when prices of commodity fall. The SNB has been buying the Aussie since May, reflecting the severity of the Eurozone debt turmoil. The Australian Dollar is increasingly considered as a safe haven for some private and official investors. 

Thu, 23 Aug 2012 19:41:53 GMT

Spain in talks with Eurozone's leaders over bailout terms

The Spanish government is in talks with its Eurozone partners over conditions for financial help in order to lower nation's borrowing costs, or to request a full bailout.  Earlier this month Mario Draghi vowed to do all necessary to defend the Eurozone. The ECB is likely to resume its massive bond-buying program and purchase Spanish government bonds at primary auctions.

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