Spain sells bonds worth €4.94 billion

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Source: Marketwatch

On Tuesday Spanish central bank sold €4.94 bn ($6.51 bn) of 12 and 18-month notes, more than the Treasury had intended to attract. Central bank sold €3.44 bn 12 month notes at an average yield of 4.05%, compared to 5.02% in November. 18-month bonds created average borrowing cost at 4.2%, or 1 percentage point less than in November.

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Tue, 13 Dec 2011 13:04:12 GMT

Copper futures unchanged after yesterday's decline

Copper futures remained steady today after fall to two-week low on the worries of downgrade of the euro-zone members' credit ratings.  On the Comex division of the New York Mercantile Exchange, copper futures for delivery in March traded at USD3.467 a pound at the early European trade, edging up 0.1% since opening.

Tue, 13 Dec 2011 17:37:40 GMT

Canada to abandon Kyoto protocol

On Monday Canada became the first nation that claimed it will quit Kyoto protocol. Peter Kent, Environment Minister made an announcement of Canada's abandonment after he returned from summit in Durban. Canada, a leading energy producer has complained extensively that Kyoto protocol does not work as it ignores too many important emitters such as India and China. 

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