China's real estate market improves

Note: This section contains information in English only.
Source: Marketwatch
Chinese housing market showed signs of recovery after the government abandoned some price lowering measures in major cities, said Citigroup. Softer credit terms and stronger demand both contributed to slight price increase in leading China's cities. Analysts predict a correction of the prices with potential of a 10% fall this year but not a 20%-30% tumble as it was initially projected.


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Wed, 29 Feb 2012 12:22:09 GMT

S&P 500 index edges higher on US consumer confidence

S&P 500 index ended Tuesday session on the positive side as the drop in crude prices and better than predicted US consumer confidence supported investor optimism. The index added 0.34% or 4.59 points and finished at 1,372.18. Priceline.com Inc. jumped 7% on profit report that beat estimates. Micron Technology added 3.7% after acquiring Intel Corp stake. Apollo Group tumbled 16%

Wed, 29 Feb 2012 14:36:49 GMT

Fiat to invest 1.1 billion US Dollars to set up plant in Russia

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