Oil fell for a second day in New York after Iran reiterated an offer to suspend domestic production of medium-enriched uranium before European officials meet to discuss tighter sanctions on the Persian Gulf country.
Australian coal producers have budged first in the standoff pitching them against Asian buyers, with lower offers seen in the premium 6,000 kcal/kg NAR Newcastle coal market Thursday, said traders.
VietNamNet Bridge – With the economic growth rate of 4.77 percent in the first nine months of the year, analysts believe that the GDP growth rate would be 5.2 percent for the whole year of 2012. The figure is believed to be “satisfactory,” which truly reflects the current circumstances
Vietnam has agreed to participate in the December meeting of the International Tripartite Rubber Council (ITRC), suggesting the possibility the world’s fourth-largest rubber producer will become a new member of the council.
Exports from all three countries started to fall in October, the source said. Under the agreement, Thailand was supposed to have cut back exports by 150,000 tonnes, Malaysia by 40,000-50,000 tonnes and Indonesia by around 100,000 tonnes.