German business confidence drops in June

Source: Bloomberg
Business confidence in Germany unexpectedly declined in June of this year, pointing on slowing economic growth in the largest economy of the Eurozone. The respective index from the Ifo institute slipped to 109.7 points in June, down from 110.4 points a month ago. Economists see German economy to slower, as yesterday the data showed weakening services and manufactufing sectors.
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Tue, 24 Jun 2014 11:37:09 GMT

British mortgage approvals decreased slightly in May

The total number of mortgage approvals in the United Kingdom fell slightly in May of the current year, marking the fourth month of decline. Last month, 41,757 new mortgages for home buyers were approved, pushing the total value to 6.7 billion pounds. It has been the lowest number of approved mortgages since August, however, it is 13% higher than the

Mon, 23 Jun 2014 09:48:08 GMT

Banco Santander buys GE Money Bank in Scandinavia

Banco Santander SA, the largest bank in Spain, decided to buy the GE Money Bank unit in Denmark, Norway and Sweden. The agreed price with the GE Capital company reached 700 million euros. The deal is going to be completed by the second half of this year. However, today Banco Santander SA shares are decreasing 0.65% to 7.79 euro per

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