UK home prices increased in November

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

UK home prices climbed in November showing the highest increase since September 2010. The index shows the property prices increased by 0.4% in November from previous month and rose by 1.6% since November last year.  Experts say the reason is lack of supply in the real estate sector coupled with low interest rates. However, despite slight increase in house prices the overall outlook on British economy remains pessimistic.

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Tue, 29 Nov 2011 09:06:29 GMT

Australian and New Zealand dollars climb ahead of euro zone meeting

Aussie and Kiwi are recovering rapidly from previous week's losses as European Finance Ministers meet today in Brussels boosting optimism that they will be able to provide a quick solution to Eurozone's debt crisis. Australian dollar gained 0.6% against US dollar reaching $0.9969 in Sydney trade, while its New Zealand's peer added 0.4% to $0.7585. AUD/USD currently is trading at $0.9957 whereas NZD/USD is trading

Tue, 29 Nov 2011 10:47:54 GMT

Honda expects US sales decrease in December

Honda Motor Co. sees its sales continue to decline in the US markets in December, but the sales are likely to improve after New Year, announced the head of Honda's  North American unit. The US market is expected to be stable in 2012 at 13.4-13.5 million vehicles but the market share is likely to rise to 11% after being below 10% in 2011, he added.

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