France urges EU to start oil embargo sooner

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Source: Bloomberg
France is increasing pressure on other EU members to accelerate the planned ban on Iran oil imports, said two officials familiar with the matter. France suggests embargo should not be postponed for more than 3 months, to give countries including Spain, Italy and Greece to find other supplies. European policy makers prepare to discuss the embargo at meeting due January 23.
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Tue, 17 Jan 2012 14:33:43 GMT

Palladium to hit $795 this year

Precious metals eased up on Monday taking advantage of slightly weaker US Dollar. Precious metals continue to generate mixed response to the Euro Zone woes as worries over debt crisis increase safe haven appeal of the commodity group. Palladium price continued to find support in the performance of automobile industry in the US and China amid tightening of emissions legislation.

Tue, 17 Jan 2012 12:12:22 GMT

Hang Seng rallies along with other Asian stock indexes

Hong Kong's Hang Seng Index surged sharply on Tuesday, as investors anticipated news that Chinese economy expanded at faster pace than predicted and France successfully sold bonds despite S&P downgrade. Hang Seng Index gained 3.24% or 615.55 points and closed at 19,627.75 with all 9 nine sectors posting gains. HSBC Holdings PLC added 3.35%, Agricultural Bank of China Ltd. soared

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