EU leaders to seek exit from crisis at summit

Source: Bloomberg
European Union officials are gathering today in Brussels to bring to a conclusion to measures needed to stop region's debt turmoil from spreading. EU leaders prepare to approve the rescue of Cyprus and agree on details how to aid Spain's banks. Arguments, however, are expected on the way how to support Italy and Spain as German Chancellor Merkel refuses to act more to reduce nations' surging yields. 
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Thu, 28 Jun 2012 10:21:24 GMT

S&P 500 gained on Wednesday lifted by housing data

S&P 500 advanced on Wednesday as investors became inspired by better than predicted durable goods orders and pending home sales data. Index extended gains climbing 0.9% or 11.86 points and finishing at 1,331.85. Homebuilder Lennar Corp. added 4.8% after a tax benefit and soaring demand stimulated a gain in its fiscal second-quarter net income. Energy producers Qep Resources and Cabot

Thu, 28 Jun 2012 09:59:23 GMT

Australian new home sales increased by 0.7% in May

Australia's new home sales rose by 0.7% last month after an interest rate cut earlier in the month.  Sales of multi-units surged by 21.1% in May offsetting a 2% fall in detached home sales. Harley Dale, chief economist at HIA, expects recent interest rate reduction to create a strong positive effect on the property market in the second half of

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