ZTE shares experience three-year biggest 16% drop

Source: BBC
ZTE, Chinese mobile telecommunications manufacturer, dropped 16% following its expectations of half-year profits to decline at around 80%. It appeared after reports about possible FBI probe in relation to the ZTE sale of forbidden surveillance systems to Iran. ZTE shares dipped on Monday to 10.32 Hong Kong Dollars.
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Mon, 16 Jul 2012 09:04:10 GMT

The prices of German Bonds rise ahead of the European Consumer-Price Report

The German two year interest rates remain negative for a week already, having dropped 0.01% to -0.055%, while the five year yields reached a new record low value of 0.283%. The borrowing costs have rapidly increased as investors rather bought German bonds to avoid dealing with states facing the debt crisis.

Mon, 16 Jul 2012 08:20:11 GMT

Biggest decrease in house sales in Singapore

As cited in an official government report, in Singapore the sale of homes has decreased by 17% and reached 5,572 units, which is the most significant drop for the last two and a half years. The prices have also fallen, which is considered a progress, since Singapore has been introducing new measures and trying to reduce the prices since 2009.

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