Copper futures fell on the bleak economic outlook

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Source: Forexpros

Copper futures decreased during the quiet trade as worries over the worsening economic situation worldwide undermined the sentiment on base metal. Copper futures for delivery in March traded at USD3.431 per pound at the early European trade on the Comex division of the New York Mercantile Exchange, edging down 1.1%.

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Tue, 27 Dec 2011 14:12:51 GMT

Italy retailers said to have worst Christmas in last decade

Italian retailers experienced the worst Christmas in last 10 years, as approved austerity measures curbed household spending, reported Codacons consumer group. Italians spent on average €48 or $62.75 less per individual than in corresponding period during last five years. Clothing and shoe sector was harmed the most, giving up 30% of sales compared to previous holiday seasons.

Tue, 27 Dec 2011 12:14:25 GMT

India's coal imports are expected to approach 197 mln tons by 2017

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