Crude oil advances on the Iranian issue

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Source: Forexpros

Crude oil futures advanced after prior losses caused by weak industrial activity in Germany. Investors continue to eye the developments in Iran that warns it may close Strait of Hormuz in case of new sanctions from Western economies. Light, sweet crude oil futures for February delivery traded at USD101.55 a barrel, on the New York Mercantile Exchange, gaining 0.24%.

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Tue, 10 Jan 2012 08:59:09 GMT

Marks and Spencer saw sales increase

Marks and Spencer announced modest increase in the UK sales during the Christmas time. Sales in the last 13 weeks of 2011 rose 0.5% on a yearly basis while food sales gained 3%. The company said it performed well despite global economic uncertainty. Overall UK's retail sales increased by 2.2% during the busy week before Christmas.

Tue, 10 Jan 2012 08:58:04 GMT

Apple to pay 12 million Yuan for copyrights abuse

Nine writers from China took legal action against Apple Inc. claiming the company has violated copyrights. The claim is writers' attempt to protect rights online as many readers switched to e-books. The writers said the company allows clients to download pirated books via App Store. Beijing No 2 Intermediate People's Court accepted lawsuit and currently is examining all materials.

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