Oil advances from 1-week high as finance ministers agreed on aid for Greece

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Source: Bloomberg
© Scanpix/AFP
Oil rebounded from a one-week low as European finance chiefs agreed on aid for Greece, alleviating concern the Eurozone's debt crisis will undermine economic recovery and curtail fuel demand. Futures rose 0.4% in New York after falling 0.6% yesterday. Crude for January settlement climbed 36 cents to $88.10 a barrel, while Brent for January delivery rose 25 cents to $111.17 a barrel. 
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Tue, 27 Nov 2012 08:24:14 GMT

Gold rises as Greek debt decision boosts Euro

Gold rose as Eurozone finance chiefs agreed on Greece's debt burden, and investors increased holdings in exchange-trade products to a record. Gold spot climbed 0.2% to $1,751.80 an ounce. The precious metal touched $1,754.65 on November 23, the most expensive since October 15. Gold for December settlement was at $1,749.80 an ounce.

Tue, 27 Nov 2012 08:03:12 GMT

India's economy seen growing at the slowest pace

India's economy is expected to grow at the slowest pace last quarter since the global recession in 2009 as subdued investment and elevated inflation increase pressure on Prime Minister Manmohan Singh to extend policy overhaul. GDP increased 5.2% in 3 months to September 30 from the previous year, survey show before an official report on November 30.

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