Crude oil jumped on improved outlook for China

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Source: Forexpros
Crude oil appreciated on Thursday as traders returned to commodity markets on the eased concerns over the Euro Zone's sovereign debt crisis and China's hard lending. Light, sweet crude oil March contract traded at USD101.44 a barrel, on the New York Mercantile Exchange, gaining 0.68%.


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Thu, 19 Jan 2012 12:15:14 GMT

Carrefour faced a 0.8% decline in sales in Q4

Carrefour announced a 0.8% decrease in sales to EUR24.2 billion in Q4. The company blamed deteriorated economic environment that impacted non-food sales. In Europe sales declined by 4.3% while in Latin America sales increased by 6.8% and in Asia revenues added 2.8%. Carrefour sales for the whole year lost 0.6% on comparable basis.

Thu, 19 Jan 2012 11:45:11 GMT

Hedge funds plan to take legal action against Greece if it forces bond reduction

Hedge funds may sue Greece in the European Court of Human Rights to force the country to repay full amount of its debts. The country may be sued for violating bondholder rights or property rights as Greece wants to change the terms of bonds so that investors will receive less than they lent. However, the lawsuits can take multiple years

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