Italy's trade deficit decreases less than expected

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Source: Forexpros

The trade deficit of Italy decreased less than predicted in October, according to official data. The indicator narrowed to EUR1.08 billion from EUR1.88 billion deficit in September, according to Istat. Experts predicted the trade deficit to achieve EUR0.97 billion in October. After the data release, the euro suffered losses against the USD and the pair EUR/USD is currently traded at 1.3023, down 0.2%.

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Mon, 19 Dec 2011 18:49:52 GMT

Indian producers of aluminium are impacted by growth of the coal price

India's aluminium producers face growing operational costs mainly caused by a rise in price of energy and raw materials . The producers will try to minimize energy consumption introducing new production methods and modernizing equipment. The government also contributes to support of the aluminium industry by reducing transmission costs and reviewing rates on raw materials import duties.

Mon, 19 Dec 2011 18:49:23 GMT

Barclays: Gold may tumble below $1400/oz

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