Obama calls for raising penalties for oil price manipulation

Note: This section contains information in English only.
Source: Reuters
President Barack Obama proposed to raise criminal and civil penalties for firms and individuals who involve in market manipulation through buying large amounts of oil thus making a perception of crude deficit. Obama called for increase financing for the agency that monitors commodity markets. Republicans, however, claim President's energy policies are the main cause of the surge in oil prices.
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Wed, 18 Apr 2012 06:21:55 GMT

European shares jump on Spanish auction and US data

European stock markets rallied on Tuesday after Spain successfully sold its debt and data showing US building permits climbed more than predicted in March. Stoxx Europe 600 gained 2%, Italian FTSE 100 MIB index rallied 3.7% and IBEX 35 index jumped 2.3%. French CAC 40 index and German DAX index each added 2.7% while FTSE 100 index climbed 1.8%. 

Wed, 18 Apr 2012 06:35:20 GMT

Indonesia auctions bonds as yields decline

Indonesia sold long term 10-year and 30-year government bills at USD 2.5 billion as the Southeast Asia's biggest economy is collecting benefits from relatively low yields which are closed to 8-month record. Indonesian government issued USD 2 billion of notes at 3.85% maturing in April 2022 and USD 500 million of debt at cost of 5.25% expiring at April 2042.

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