Oil slides as U.S. stockpiles rise

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Oil in New York was near a 3-month low on Thursday as U.S. inventories increased more than expected and fuel demand tumbled. December-delivery oil rose 32 cents to trade at $86.05 per barrel in New York. Same month Brent crude added 27 cents to $108.12 per barrel in London, trading at premium of $22.05 to West Texas Intermediate grade, compared to $22.12 yesterday.
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Thu, 25 Oct 2012 07:29:42 GMT

New Zealand holds interest rates at 2.5%

On Thursday, Graeme Wheeler, a new chief of the New Zealand's central bank, announced that the bank would maintain its benchmark interest at a record low of 2.5%, as strong currency hurts the country's exports, which are accounted for about 30% of GDP. The decision was in compliance with economists' expectations.

Thu, 25 Oct 2012 07:12:52 GMT

Asia stocks fluctuate as earnigs decline

Asia stocks seesaw in Thursday's choppy session, as losses in earnings across Pacific weighed on confidence. The Hang Seng Index was little changed after rising for nine consecutive sessions, but the Shanghai Composite Index fell 0.2%. The Nikkei advanced 0.3% and the S&P/ASX 200 Index added 0.2%, while the Kospi slipped 0.1%.

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