Euro
area annual inflation was 2.2% in November 2012, down from 2.5%
in October2. A year earlier the rate was 3.0%. Monthly inflation was -0.2% in
November 2012. SEE MORE LONDON (ICIS)--The EU’s chemical products
trade surplus for January to September increased by 19% from the same
period in 2011, with imports and exports both higher, EU statistics body
Eurostat said on Monday. SEE MORE Vietnam is on course to cut interest
rates and although experts and business executives say such a move is
overdue, they also say it will be of scant help in boosting sales and
clearing inventories. SEE MORE Vietnam's economic growth will ease to
an estimated 5.1 per cent this year, below an official target and also
slow from an annual expansion of 5.89 per cent in 2011, the government
said on Monday. SEE MORE Prices fell to a three-week low as Italian Prime Minister
Mario Monti said he will resign, while his predecessor, Silvio
Berlusconi, announced he will run for the premiership to roll
back Monti’s budget tightening. Crude also slid as heating oil
dropped to a four-month low on warmer-than-average weather as
New York reached a high of 61 degrees Fahrenheit (16 Celsius). SEE MORE