Oil cuts earlier climb on a downgrade of Isaac

Note: This section contains information in English only.
Source: Bloomberg
Oil declines on belief Tropical Storm Isaac will cause less damage to oil production than first forecast. October-delivery oil dropped 1% to $35.19 per barrel after Isaac was downgraded  to a Category 1 hurricane, the weakest on scale. October-settlement Brent oil fell 0.8% to $112.71 per barrel.
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Tue, 28 Aug 2012 07:07:06 GMT

Australian new-home sales decline in July

According to the Housing Industry Association, Australian new-home sales declined 5.6% to 5,682 in July, adding to signs the central bank's interest rate cuts did not stabilize the housing market as expected. Sales of detached houses fell 5.5% to the lowest since 2000 and sales of apartments fell 6.4%.

Mon, 27 Aug 2012 19:59:05 GMT

U.K. property prices fall in August

U.K. house price index tumbled 0.1% on monthly basis in August, according to a real estate tracking website Hometrack. Th reading matched both economists' forecast and the rate of decrease from the preceding month. Prices in London posted no change. On year-on-year basis, Britain's property prices declined 0.5%.

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