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Australian Dollar Slumped to Its Lowest Level After Improved US Economic Figures
Feb 27, 2013The Australian dollar slumped to its lowest level in more than four months overnight after improved US economic figures and comments from Federal Reserve chairman Ben Bernanke's boosted the greenback. At 7am AEDT the currency was down ...
Tags: Australian dollar, US economic, dollar
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Australian Dollar Has Closed Lower in Response to Weaker Than Expected Chinese Data
Feb 26, 2013The Australian dollar has closed lower in response to weaker than expected Chinese data. At 5pm today, the currency was trading at 102.79 US cents, down from 103.13 cents on Friday. The Australian dollar touched its intraday low of ...
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Australian Dollar Softened Because of The Weakness in The PMI
Feb 26, 2013The Australian dollar softened yesterday after weaker-than-expected Chinese manufacturing data raised concerns over the momentum of recovery in the world's second-largest economy and Australia's biggest trading partner. The preliminary ...
Tags: PMI, Australian dollar, dollar
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The Total Steel Export From EU 27 in 2012 Has Increased by 4.15% From a Year Ago
Feb 26, 2013According to EUROFER, the steel export from EU 27 countries in last December was around 2.21 million tons, down by 8.39% from November and by 10.86% compared to December, 2011. EUROFER also indicates that the export volume of steel ...
Tags: EUROFER, steel export, steel
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Sharemarket Rose as Stocks Had Broad-Based Gains
Feb 26, 2013The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
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Australian Dollar Regained Losses Incurred After Election Results Added to Concerns
Feb 26, 2013The Australian dollar regained losses incurred after Italian election results added to concerns the debt-ridden country could abandon austerity measures. At 7am AEDT the currency was trading at 102.89 US cents, up from 102.79 US cents at ...
Tags: Australian dollar, currency, US cents
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Premium of Gulf Coast Ultra Low Sulfur Diesel to Heating Oil Widened to 9.3 Cents/gal
Feb 26, 2013The premium of Gulf Coast ultra low sulfur diesel to heating oil widened Thursday to 9.3 cents/gal, the highest it has been since October 4, when the spread was 10.25 cents/gal. On Friday, Gulf Coast ULSD was pegged at NYMEX March ...
Tags: sulfur diesel, Gulf Coast, NYMEX
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NYMEX April Crude Settled 29 Cents Higher at $93.13/barrel Friday
Feb 26, 2013NYMEX April crude settled 29 cents higher at $93.13/barrel Friday after a largely rangebound trading session, bouncing back slightly after a two-day selloff. "We're pretty unchanged with the market attempting to stabilize after the ...
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NYMEX March Natural Gas Futures Settled 3.3 Cents Lower at $3.246/MMBtu Thursday
Feb 26, 2013NYMEX March natural gas futures settled 3.3 cents lower at $3.246/MMBtu Thursday despite a 127-Bcf storage draw that was above analysts' expectations. "Bulls were unable to push through resistance ... for a second day and it now looks as ...
Tags: gas futures, NYMEX, gas
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Digital Insurance Has Completed Acquisition of Massachusetts-Based Benefits Firm
Feb 25, 2013US employee benefits-only agency Digital Insurance has completed acquisition of Massachusetts-based benefits firm, Group Brokerage Insurance Agency, in an effort to strengthen its presence in New England, US. As part of the acquisition, ...
Tags: Digital Insurance, Insurance, benefits firm
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Goldman Sachs Group Has Disposed of Its 75% Stake in The Bermuda-Based Insurance
Feb 25, 2013US investment banking and securities firm Goldman Sachs Group has disposed of its 75% stake in the Bermuda-based insurance and reinsurance company Ariel Re, for an undisclosed sum. Sources familiar with the matter were quoted by the ...
Tags: investment banking, stake, insurance
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The Number of Exclusive Agencies at Allstate Corp. Is Down
Feb 25, 2013The number of exclusive agencies at Allstate Corp. is down. In a document filed Wednesday with the Securities and Exchange Commission, Allstate said it has about 9,300 exclusive agencies. That's down from about 10,000 in 2011. But it ...
Tags: market share, Allstate, insurance
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$36 Billion Was Wiped From The Value of Australian Shares
Feb 22, 2013The benchmark S&P/ASX 200 has closed down 2.3 per cent at 4980.1, its biggest fall in nine months. More than $36 billion was wiped from the value of Australian shares in the market's largest one-day decline since May 18, pulling back from ...
Tags: Stocks, benchmark, Australian shares
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Sharemarket Recorded Its Biggest One-Day Fall
Feb 22, 2013The sharemarket recorded its biggest one-day fall for nine months after minutes from the US Federal Reserve's recent policy-setting meeting revealed unease about the bank's stimulus efforts. The benchmark S&P/ASX 200 closed down 2.3 per ...
Tags: Stocks, sharemarket, share
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Dollar Was Sharply Lower as Fed Debates Winding Back Stimulus
Feb 22, 2013The dollar was sharply lower today amid rising concerns that the US central bank might soon take steps to start withdrawing the stimulus measures that have supported the world's biggest economy since the global financial crisis. Minutes ...
Tags: Dollar, financial crisis, financial
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