Japan to agree on Iran oil import reduction

Note: This section contains information in English only.
Source: Reuters
Japan and US is looking forward to reach an agreement to cut crude imports from Iran. The deal is expected to be closed by the end of February. Japan's oil dependence has increased since March earthquake in 2011. Therefore oil sanctions threaten economic growth. However, avoiding embargo would harm Japanese foreign financial operations. 
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Tue, 21 Feb 2012 12:06:27 GMT

Palladium failed to track gold's gains on Monday

Precious metals, excluding palladium, advanced on Monday amid broadly weaker US Dollar and China's RRR cut. Optimism over the Greek bailout talks also contributed to the gains. Moreover, experts are positive about precious metals outlook. Deutsche Bank released a report, indicating expected increase in the precious metals prices. At the same time, palladium's price faced downward movement amid stronger Euro

Tue, 21 Feb 2012 13:08:28 GMT

Asian shares close mixed on Tuesday

Asian stock markets traded mixed on Tuesday as most of Greek agreement optimism was incorporated in to share prices already in previous trading session. Japan's Nikkei Stock Average slipped 0.2% while Australian S&P/ASX 200 index climbed 0.8%. Shanghai Composite index also gained 0.8% and Hong Kong's Hang Seng index added 0.3%. South Korea's Kospi traded almost flat. 

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