Crude falls on Russia's bid to urge Syria to surrender chemical weapons

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
WTI declined for a second straight day as the U.S. claimed that Russia's bid to force Syria to surrender the chemical weapons might averts military actions, alleviating concerns that the conflict will undermine Middle East oil exports. WTI for October settlement fell $1.32 to $108.20 a barrel, while Brent for October delivery dropped 1% to $112.61 a barrel.
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Tue, 10 Sep 2013 12:29:04 GMT

American banks may show less profit amid declining mortgages

American biggest banks, such as JPMorgan Chase and Well Fargo may release smaller profit amounts, as new mortgages fall amid higher market interest rates. Moreover, Bank of America plans to cut more than 2000 jobs, closing 16 branches across the U.S. After Fed's announcement of the possible tapering 30-year home mortgage yields surged to 4.57% from 3.35% in May. 

Tue, 10 Sep 2013 08:22:04 GMT

France's industrial output unexpectedly drops in July

French industrial production unexpectedly declined 0.6% month-on-month in July, after dropping 1.4% a month earlier, according to INSEE. Analysts expected an increase of 0.5% for the reported timeframe. Manufacturing output decreased 0.7%, after contracting 0.4% in June, whereas a 0.7% rise was forecasted. That translated to industrial output and manufacturing production falling on an annual basis 1.8% and 2.5%, respectively.

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