Retail sales in the US advanced by 0.8% in March

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Source: Forexpros
US retail sales eased up more than projected last month, extending previous month's gain, according to the US Census Bureau. The retail sales increased by 0.8% in March as compared to a 1.1% rise in the preceding month. Analysts predicted the figure to edge up by 0.3% in March. Core retail sales that exclude auto sales advanced by 0.8% in March, surpassing forecasts of a 0.6% increase.



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Tue, 17 Apr 2012 10:18:24 GMT

Rio Tinto reported a 2% increase in iron ore sales

Rio Tinto Ltd. announced that its sales of iron ore soared by 2% in Q1 on a yearly basis whereas copper output tumbled by 18% as red metal's grades are likely to be lower than expected. Meanwhile iron ore production surged by 10% attaining 59 million tons while alumina output increased by 13%. The production of coking coal gained 5%

Tue, 17 Apr 2012 09:37:10 GMT

Japan to provide 60 billion US Dollars to the IMF

Japan will give 60 billion US Dollars in loans to the IMF to boost IMF lending capacity. The IMF has asked its members to contribute more funds to stabilize situation in the indebted Euro Zone countries. Meanwhile Japan expects other members of the IMF to back up the fund. The agreement with Japan is a significant step towards promoting world's

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