New Zealand's deficit for the last six months of 2011 in line with expectations

Source: Marketwatch
The New Zealand's national debt for the second half of 2011 was close to the initial forecast, reported the New Zealand's Treasury. The operating deficit was only 3 million New Zealand Dollars higher than projected while services and goods tax revenues were lower than forecast. The outlook remains positive according to the country's government which plans to see a national account surplus in the first half of 2015.


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Mon, 20 Feb 2012 09:24:43 GMT

European shares lifted by Greek hopes on Friday

European stocks closed up on Friday as investors were optimistic about the results of upcoming Finance Ministers' meeting in Brussels due Monday. UK FTSE 100 index added 0.33%, German DAX rallied 1.42% and French CAC 40 index gained 1.37%. Meanwhile Stoxx Europe 600 index advanced 0.6% and Athens General Index jumped 5%. 

Mon, 20 Feb 2012 09:06:31 GMT

China's house prices tumbled in January

China's property market faced the worst performance in a year in January. Real estate prices dropped in the majority of the large cities last month, reported the NBS. Wenzhou hit the record, with prices falling by 0.6% over the month. Shanghai and Beijing both faced 0.1% price decrease in January. Experts attribute poor property market performance to government's policies aimed

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