India's economy seen growing at the slowest pace

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Source: Bloomberg
India's economy is expected to grow at the slowest pace last quarter since the global recession in 2009 as subdued investment and elevated inflation increase pressure on Prime Minister Manmohan Singh to extend policy overhaul. GDP increased 5.2% in 3 months to September 30 from the previous year, survey show before an official report on November 30.
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Tue, 27 Nov 2012 08:13:17 GMT

Oil advances from 1-week high as finance ministers agreed on aid for Greece

Oil rebounded from a one-week low as European finance chiefs agreed on aid for Greece, alleviating concern the Eurozone's debt crisis will undermine economic recovery and curtail fuel demand. Futures rose 0.4% in New York after falling 0.6% yesterday. Crude for January settlement climbed 36 cents to $88.10 a barrel, while Brent for January delivery rose 25 cents to $111.17

Tue, 27 Nov 2012 07:52:17 GMT

Aussie reaches 2-month high on Greek decision

Australia's Dollar reached a two-month high as the Eurozone finance chiefs reached agreement on Greece's debt burden and funding gap. The Aussie Dollar gained 0.1% to $1.0479 after earlier climbing to $1.0490, the strongest level since September 21. The Australian Dollar rose 0.4% to 86.24 yen. The Kiwi traded 0.2% above the close in New York at 82.34 U.S. cents.

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