U.K. house prices increased in August

Note: This section contains information in English only.
Source: Bloomberg
U.K. house prices rose for the first time in 3 months in August as demand improved after a summer lull. The average price of home in England and Wales increased 0.1% to 226,243 pounds from July. Prices increased 2.6% from the previous year, while in London prices soared 10.5%. As housing market struggles to recover, the the BOE and the Treasury launched a programme aimed to boost a flow of credit last month. 
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Fri, 14 Sep 2012 07:06:52 GMT

S&P upgraded South Korea's credit rating

One of the leading credit rating agency Standart & Poor's increased its long-term credit rating on South Korea. Agency changed rating to A+/AA from A/A+, also increasing county's outlook to stable. According S&P's representatives, new rating reflects reduced political or military confrontation risk in the Korean peninsula after leadership has changed in North Korea.

Fri, 14 Sep 2012 08:55:05 GMT

Loonie rises to 13-month high versus greenback

The Canadian Dollar rose to the highest level in 13 months against the U.S. Dollar as the Fed announced a third round of bond purchases to stimulate economic growth in Canada's largest trading partner. The Loonie strengthened 0.8% to 96.85 cents per greenback. It fetched 96.65 cents, the strongest since August 2011. Canada's Dollar bought $1.0325. 

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