Facebook to consider IPO worth $10bn

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Source: Bloomberg
© Scanpix/AFP
Facebook Inc. is going to raise funding worth about $10bn by initial public offering (IPO). After the deal, the value of world's biggest social networking website could reach $100 bn. Facebook Inc. may apply for the IPO by the end of year 2011. Company's $100 bn valuation would double the one that was reached in January when Facebook raised $1.5 bn investment from Goldman Sachs Group Inc.

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Tue, 29 Nov 2011 10:33:02 GMT

Crude oil futures decrease

Crude oil futures decreased after a yesterday's rapid growth that pushed prices above USD100-a-barrel. On the New York Mercantile Exchange crude futures for January delivery cost USD97.74 a barrel at the early European trade, losing 0.48%. Analysts say the fall in oil demand was caused by high investors' attention to the today's summit of the EU finance ministers.

Tue, 29 Nov 2011 10:48:28 GMT

UK home prices increased in November

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

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