China's house builders face delays in payments

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Source: Marketwatch
© Scanpix/AP

One more sign of instability of property market in China is that more construction companies face essential delays in payments from property developers. More than 80% of construction companies experience delays in payment, reported Credit Suisse. Moreover, builders were asked to slow down the speed of work on the current construction projects.

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Fri, 25 Nov 2011 10:25:38 GMT

Italian yields on 10-year bonds hit 7.17%

Italian short-term debt has a higher yield compared to long-term debt signaling on distress in the bond market. Yields on Italian bonds increased while the price of bonds fell. The yield on two-year bonds increased by 37 basis points to 7.45%, reported by FactSet Research. Meanwhile, five-year bonds yield increased to 7.61% and 10-year bond yield jumped to 7.17%.

Fri, 25 Nov 2011 10:18:14 GMT

Hungarian stocks fell after credit rating downgrade

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