European shares down despite Greek agreement approval

Source: Marketwatch
Although Greece received a second bailout package on Monday, European equity markets finished lower on Tuesday as investors turned their attention to nation's long term debt problems. European Stoxx Europe 600 index dropped 0.5%, British FTSE 100 index ended 0.3% down and French CAC 40 index slipped 0.2%. German benchmark DAX index fell 0.6% and Greek Athens General index plunged 3.47%.
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Wed, 22 Feb 2012 07:30:10 GMT

Greece prepares for riots against austerity measures

Greece is expected to face mass protests against the budget cuts after the country has received 130 billion Euros worth bailout package. At the moment, the government is passing emergency legislation required by the lenders. The country already experienced confrontations after austerity program of earlier bailout and the riots are likely to repeat again on Wednesday as people want to

Wed, 22 Feb 2012 10:05:16 GMT

Construction hiring advances in US

The number of jobs in US construction sector climbed in December, driven by hiring in remodelling. The employment in remodelling sector accelerated 5.8% in December reaching 250,700 jobs compared on yearly basis. This monthly grow is the fastest since December 2006. Analysts expect further hiring expansion in construction.

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