US office market recovery slows down

Source: Reuters
According to Reis Inc., US office property market, which started to regain strength 1.5 year ago, decelerated its speed of recovery in the last three months. Increased unemployment and uncertain economic outlook both weighted down on the office market . As a result, there was no change in vacancy rate and slight lift in prices. Businesses seem to be skeptical about future prospects, said Ryan Severino, senior economist at Reis.
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Tue, 03 Jul 2012 12:16:35 GMT

European stocks rise; Barclays in the spotlight

Mining and drug stocks rallied, sending European stocks into positive area on Tuesday, whilst the departure of Bob Diamond, Barlays PLC Chief Executive Officer, put banks in focus. The Stoxx Europe 600 index increased by 0.5% with support of 1.7% Novo Nordisk AS benefit and 1.5% Rio Tinto PLC boost. Barclays' shares fluctuated but later finally gained 0.6%. The FTSE

Tue, 03 Jul 2012 11:41:35 GMT

BRICs will constitute a fifth of the global economy

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