U.K. public sector borrowing hits record high in August

Source: BBC

The U.K. public sector borrowed 14.4 billion Pounds in August, posting record deficit since the records begun, the Office for National Statistics said Friday. Analysts had predicted U.K's public sector borrowing to rise 15.0 billion. Overall, public sector's net debt reached 1,039.5 billion Pounds, and composes 66.1% of the U.K. GDP.

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Fri, 21 Sep 2012 18:18:12 GMT

Mexican jobless rate rose more than expected in August

Mexico's jobless rate rose more than expected in August, after declining during five straight months. As reported by the Insituto Nacional de Estadistica Y Geografia seasonally adjusted unemployment rate was 4.93% last month, up from 4.79% in the prior month. Analysts had predicted nation's unemployment rate to rise to 4.8% in August.

Fri, 21 Sep 2012 17:56:12 GMT

Spain in bank-bailout talks

Spanish government is in talks with European Commission about the details of a new rescue plan. Up to 60 billion euros will be needed to bail out Spanish banks, the country's second biggest lender, BBVA, said on Friday. As nation's banking system needs recapitalization, money would, mostly, come from 100 billion euros Spanish bailout fund pledged by Eurozone finance ministers in June.

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