Japan agrees to embargo oil from Iran

Note: This section contains information in English only.
Source: Bloomberg
Japanese FM Jun Azumi said the country will back economic sanctions against Iran by restricting oil imports to resist nuclear development. The announcement comes a day after Chinese officials refused Timothy F. Geithner's calls to join oil embargo. Iran is one of the China's main petroleum suppliers. Crude for delivery due February jumped 38 US cents or 0.4%.
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Thu, 12 Jan 2012 15:27:24 GMT

European stock markets decline along with energy sector

Europe's stock markets fell on Wednesday following the drop in the oil prices. Stoxx Europe 600 index lost 0.35% or 0.89 points and closed at 249.9 while German DAX 30 index declined 0.17% or 10.64 points at finished at 6,152.34. UK FTSE 100 index tumbled 0.45% at 25.88 points, reaching 5,670.82 and French CAC 40 Index deteriorated 0.19% or 5.96

Wed, 11 Jan 2012 16:13:53 GMT

Social Democrat Party: Italy has to leave the EU

The leader of the Italian Social Democrat Party said Italy has to leave the EU and abandon the single currency. Italians do not perceive themselves as a part of the EU any more, he added. The party does not have seats in the Parliament but its members occupy seats in other government's organizations, he stressed.

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