Crude drops on Greece debt struggle

Note: This section contains information in English only.
Source: Bloomberg
Crude oil declined from three day record high on investor concern Greece may fail to avoid financial collapse, harming fuel demand. Oil futures due March gave up 78 cents and traded at USD 97.06 per barrel. On year to day basis oil has declined 1.6%. March delivery Brent oil lost 22 cents to USD 114.36. 
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Mon, 06 Feb 2012 12:00:52 GMT

S&P 500 rallies on US jobs data

S&P 500 index rallied on Friday, fuelled by US government job report, showing higher-than-expected hiring and a drop in the unemployment level. US benchmark index jumped 1.46% or 19.36 points and settled at 1,344.90 with all 10 sectors posting substantial gains, driven by financial shares. Genworth Financial surged 14%, after the insurer reported it returned to profit in 4th quarter.

Mon, 06 Feb 2012 11:05:38 GMT

Several American banks sued over a misuse of MERS

Bank of America, JP Morgan Chase &Co  and Well Fargo & Co was sued over use of property loan database by Eric Schneiderman, Attorney General of New York. According to Schneiderman, the lenders' use of database (MERS) led to inadequate foreclosures. Banks are accused of misleading home-owners, undermining foreclosure proceedings and creating uncertainty about proprietorship interests in real estate. 

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