Canada may sell its oil to China on the lack of Keystone decision

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Source: Commodityonline

Canada may sell its oil to China amid the delay in the US decision on the Keystone's pipeline. US government postponed the approval of the pipeline project that proposes to build a Keystone XL pipeline between Texas and Alberta and is expected to pump more than 830,000 barrels daily. The projects also met resistance from the environmentalists as they claim it may impact the environment.

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Fri, 30 Dec 2011 09:10:51 GMT

Chinese manufacturing activity falls for second consecutive month

China's factory activity fell for the second month in line in December on the weak global demand and ongoing tightening of the real estate market, according to HSBC. The HSBC Purchasing Managers' Index slightly gained this month to 48.7 from 47.7 in November on a seasonally adjusted basis. A reading below 50 indicates contraction. Companies also reported about inventory buildup for the first time in

Fri, 30 Dec 2011 09:10:00 GMT

South Korean inflation stays above the target

South Korea's inflation stayed above the target of the country's central bank in December. Consumer prices added 4.2% this month on a yearly basis and 0.4% on a monthly basis. The Bank of Korea attempts to slow the inflation to 4% by increasing the interest rates. Analysts are concerned that higher interest rates may accelerate the economic slowdown.

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