Aussie rises paring its annual drop

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Source: Bloomberg
The Australian Dollar strengthened on Tuesday trimming its largest yearly fall since 2008 as traders eased their bets on further drops of the currency, however the so-called Aussie fell versus 9 out of 10 currencies in 2013. The Australian currency advanced 0.3% to 89.32 U.S. cents as of 4:26 p.m. Sydney time and it declined 1.9% in December and 14% in 2013.

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Tue, 31 Dec 2013 09:27:03 GMT

WTI records its 4th annual gain in 5 years

West Texas Intermediate crude slightly increased on Tuesday and it was set to record its fourth yearly advance in a five-year period on speculation that inventories in the U.S., the world's largest consumer of the commodity, declined for the fifth successive week. WTI for delivery in February traded 7 cents higher at $99.36 per barrel on the NYMEX.

Tue, 31 Dec 2013 09:05:03 GMT

China's government debt increases

Local and central government debt in the world's second largest economy rose in the January-June period to 17.9 trillion yuan suggesting that the region should implement structural reforms, a data revealed by the National Audit Office showed on Tuesday. The data also unveiled that China's government debt may record 30.3 trillion yuan equalling 53% of the country's gross domestic product.

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