Gasoline prices start year at $3.28 per gallon

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Source: Marketwatch

Gasoline prices started 2012 with the all-time high of $3.28 per gallon, reported AAA Daily Fuel Gauge. Analysts expect the commodity to be extremely volatile this year. The record high price will negatively impact customers as gasoline price tends to peak later, usually between April and July, said Tom Kloza, economist from Oil Price Information Service.

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Fri, 06 Jan 2012 09:07:15 GMT

Japan Airlines to relist shares to Tokyo Stock Exchange

Japan Airlines is planning to relist its shares to the Tokyo Stock Exchange as one of the steps towards recovery after bankruptcy. JAL is likely to sell shares totaling between 500B yen and 1Tn yen and in case relisting is successful the company will become the world's largest listed carrier, reports say.

Fri, 06 Jan 2012 09:05:41 GMT

Yuan to fluctuate this year

The Yuan is expected to face large fluctuations in 2012 but mainly appreciate by 2%-3% against the USD over the year, said professor at  Fudan University. The central bank of China essentially increased a daily reference rate to 6.3 Yuan per one USD. The Chinese currency is allowed to fluctuate by 0.5% above or below the reference rate. Wider currency fluctuations will positively affect

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