Crude oil futures down below $100

Note: This section contains information in English only.
Source: Reuters
Brent crude oil decreased to USD99.49 pert barrel amid slowdown in the three biggest economies, USA, Europe and China. Traders await the outcome from the meetings of the ECB and the Bank of England in regards cutting down the interest rate. Lower interest rates are likely to increase energy demand.
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Thu, 05 Jul 2012 10:16:41 GMT

South Korea may cut interest rates

As Credit Suisse cited, the Central Bank in South Korea plans to lower the interest rates during their administration session on July 12. The consumer inflation slowed to annualized 2.2% last month after averaging at 5.3% in 2011. The speculation about rate cuts appeared after previous meeting of the central bank that resulted in no changes in the interest rates.

Thu, 05 Jul 2012 12:36:40 GMT

Japan on the way to merge Tokyo and Osaka exchanges

Japan's competition administration announced the plans of the Tokyo Stock Exchange and Osaka Securities Exchange to merge on January 1 next year. This move will form the third biggest in the world and Asia`s biggest stock exchange. Such a step is caused by overall decline in share sales on the back of the global economy downturn.

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