EU ban on Iranian oil imports is expected to be delayed by six months

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Source: Forexfactory
EU plans to postpone full ban on Iranian oil imports by six months as potential increase in energy prices would push the EU in even more severe recession. US, Europe and Asia supported the oil embargo on Thursday probably not fully considering the consequences of the ban.


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Fri, 13 Jan 2012 09:02:44 GMT

Vietnam to purchase 2.1 tons of gold

The Vietnam State Bank announced the country's gold imports are likely to rise close to 2.1 tons. The bank granted quotas on gold imports to 10 companies. Vietnam seeks the ways to diversify reserves from US Dollar and the Euro to limit the risk inherent to these currencies. Currently, the country's gold reserves amount 200-300 tons.

Fri, 13 Jan 2012 09:00:39 GMT

China to poise interest rates marketization

The PBOC announced the country is preparing to marketize the interest rates. The reform of the financial system is conducted while taking all the specifics of the local and global economic situation, the bank added. However, currently the marketization should not take place in the fair market as it may impact the benefits of the bank's clients. Meanwhile, one-year lending

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