US new house sales dropped in February

Source: Bloomberg
The sales of new houses in US unexpectedly declined in February for a second consecutive month, signalling a recovery in property market by be slowing down. Sales fell 1.6% to 313 000 annual rate, compared to 318 000 in January. Analysts questioned by Bloomberg expected an increase to 325 000 annual pace. 
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Mon, 26 Mar 2012 06:20:25 GMT

Japan and Canada to negotiate free trade agreement

Japan and Canada have embarked on negotiations aimed at setting up free trade zone between two countries. However, experts claim it would be difficult to agree for two countries as Japan continues to protect its agricultural and farming sector from foreign competition. At the same time, Japan is large importer of Canada's commodities as coal, copper and food products. Canada

Fri, 23 Mar 2012 16:57:06 GMT

DAX 30 index 0.3% down on Friday trade

German DAX index declined for a fourth consecutive session as investors awaited report on US new house sales. Siemens AG and BMW AG contributed to the negative side of index each giving up 1%. On the upside index was supported by telecommunication stocks with Deutsche Telekom adding 1% and heavyweight Henkel AG surging 1.4%. At the moment of writing DAX

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