China saw production improvement

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

China saw an improvement in core gauge of manufacturing that increased optimism over the stable economic expansion in 2012. The PMI increased to 50.3 in December as compared to 49 in November on the improved demand during the holidays. The December figure indicates that significant slowdown is not expected to occur this year, reported CFLP.

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Mon, 02 Jan 2012 14:10:27 GMT

Crude oil eased down to USD98.89 a barrel

Crude oil prices eased down during the last trade of 2011 on the negative headlines from the Euro Zone but the price was supported by fears over the disruption to oil supplies from Iran. Light, sweet crude oil futures for February delivery traded at USD98.89 a barrel, on the New York Mercantile Exchange, tumbling 0.95% during the week. On a yearly basis crude oil

Mon, 02 Jan 2012 16:44:39 GMT

Europe leaders expected difficulties in 2012

European leaders warned that 2012 may be a challenging year as many experts predict the recession to persist. Angela Merkel said the next year would be the 'most severe check in decades' while France's President Sarkozy claimed the recession is not finished and the President of Italy called for sacrifices needed to combat the crisis.

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