Denmark bonds are seen as safe haven assets

Source: Bloomberg
Danish sovereign bonds currently are highly appreciated by investors as they are attempting to avoid impact of European debt crisis and thus are investing in safer countries. Denmark last week auctioned $351 million in 2-month and 5-month notes at negative borrowing costs. Overseas ownership of national debt reached 35% in November, the higher proportion since fall 2000.

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Tue, 03 Jan 2012 10:09:31 GMT

Beijing's house sales tumbled last year

Sales of homes in Beijing tumbled in 2011 responding to the government's policies aimed at slowing down the growth of the sector. Beijing's new house sales fell by 18.4% on yearly basis in 2011, according to Beijing News. Existing home sales dropped 38.2% last year, approaching three-year low. Real estate industry is expected to see further growth contraction as the government decided to maintain its

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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