Crude oil slips from nine-month high

Note: This section contains information in English only.
Source: Marketwatch
Crude oil futures posted losses during the electronic session on Thursday. Even a slight decline in the US Dollar did not provided a further lift for the energy commodity price. Light, sweet crude oil April contract traded at 105.96 US Dollars per barrel during the Asian afternoon session on Thursday, falling by 32 cents, or by 0.3%.


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Thu, 23 Feb 2012 10:59:38 GMT

Barack Obama: corporate tax to be cut to 28%

Barack Obama proposed to decrease the corporate tax from 35% to 28% by paying for reduction through abandoning subsidies and tax loopholes, said Timothy Geithner, US Treasury Secretary. The move is aimed at increasing domestic investment as well as stimulating labour market. Further, the lowered corporate tax will simplify tax code and decrease deficiencies in the US tax system.

Thu, 23 Feb 2012 10:36:05 GMT

British American Tobacco posts 7.5% profit

Cigarette manufacturer British American Tobacco reported an 7.5% increase in its net profit for fiscal year 2011. Company also said that despite global uncertainty, it has a positive financial outlook for 2012. British American Tobacco net profit climbed to GBP 3.1 billion in 2011 compared to GBP 2.88 million in previous year. Revenue added 3%. 

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