U.S. new-home purchases probably increased in July

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Source: Bloomberg
U.S. new-home purchases probably increased in July, a sign the industry is recovering. According to analysts' estimation, sales rose 4.3% to a 365,000 annual pace, as buyers are willing to benefit from record-low mortgage rates and cheaper properties. The Commerce Department will release the data shortly. 
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Thu, 23 Aug 2012 07:12:54 GMT

Spain's full bailout request is unlikely to affect its credit rating

According to Standard & Poor's, if Spain decides to request a full scale bailout, it will be unlikely to directly impact the country's credit rating as aid may help the nation continue fiscal reforms. Spain is currently rated BBB+ at S&P, which is 3 levels above non-investment grade. The nation has a BBB at Fitch Ratings and Baa3 at Moody's

Thu, 23 Aug 2012 15:08:34 GMT

Inflation in South Africa decelerated strongly in July

The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.

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