U.K. mortgage approvals climb in July

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Source: RTTNews
U.K. mortgage approvals rose more-than-expected in July, British Bankers Association said on Thursday. The amount of approved mortgages for house buying surged to 28,411 from 25,490 in June. Total mortgage approvals rose to 55,634, after 51,425 in preceding month. Gross mortgage lending was at GBP 7.1 billion in July, below the monthly average, adding signs of slowdown in property market.
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Thu, 23 Aug 2012 12:47:53 GMT

China leading index rises in July

China's leading index increased in July, showing a strong climb in loans, the Conference Board reported on Thursday. The index improved 0.7% in July from stagnation in previous month, government loans were the main driver, boosting banks to finance infrastructure investment. The coincident economic index rose 0.8%, after a 0.9% surge in June.

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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