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Stories for February 15th 2013

• Friday, February 15th 2013 - 05:36 UTC

  China became in 2012 the world’s biggest trading nation surpassing the US

  

  China surpassed the US to become the world's biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation's challenge to the US dominance in global commerce.

• Friday, February 15th 2013 - 05:34 UTC

  Germany and France poor performance plunge Euro zone into recession

  

  The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.

• Friday, February 15th 2013 - 05:29 UTC

  G-20 Finance ministers to discuss effects of monetary stimuli and currency values

  

  The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war. Japan's monetary stance has seen a big decline in the Yen, while the Euro has risen against a basket of currencies.