Oil prices fall

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Source: Forexpros

Crude oil futures continue to decline reaching a two-day low after the news on contraction of the manufacturing output Europe caused by concerns about debt crisis spread. On the New York Mercantile Exchange oil futures for January delivery lost 1.12% to USD96.91 a barrel. Crude oil prices also declined at the Asian trading as the manufacturing output of China decreased as well.

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Wed, 23 Nov 2011 13:54:42 GMT

Hang Seng Index experiences a new decline

On Wednesday Hong Kong's Hang Seng Index extended its decline and dropped by 2.1% closing at 17,864.43 or 387.16 points down compared to Tuesday. The sharp decline was mainly caused by China's disappointing manufacturing survey. PCCW Ltd was among major losers in index, giving up 3.3% after pricing its telecom trust at lowest level in price range. Resource and banking industry shares also added negatively to

Wed, 23 Nov 2011 14:03:36 GMT

New decision of the EU

The European Commission is going to discuss new rules requiring the members of the euro-zone to hand it their planned tax and spending strategies to the EU before they are passed by national parliaments. It will allow the EU to detect the countries that experience financial problems. The decision will be presented alongside with the report on three options on euro bonds issuance, according to

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