Beijing house sales are recovering this month

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Source: Marketwatch
Home sales in Beijing rose sharply since the beginning of May as number of transactions more than doubled on yearly basis, according to China Daily. The Chinese bought above 7,000 apartments in the period between 1st and 15th of May, indicating year-to-year increase of 103%, reported Century 21. The major stimulating factor was price reductions offered by property developers.


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Thu, 17 May 2012 09:04:29 GMT

ECB Halts Lending to Some Greek Banks as Draghi Talks Grexit

For the first time President of the European Central Bank Mario Draghi acknowledged the possibility of Greece exiting the euro area, making it clear that balance sheet's integrity is the top priority for ECB despite their strong commitment to keep the currency area together. Following this announcement, ECB will temporary stop issuing loans to some Greek banks until they finalise recapitalisation. As soon as it

Thu, 17 May 2012 08:31:29 GMT

Asian stocks moved higher on Thursday

Asian stocks were mostly higher on Thursday after positive GDP data from Japan. Moreover, recent sell-off created dip buying opportunities for investors. Hong Kong's Hang Seng Index added 0.5% whereas Shanghai Composite Index climbed by 0.7%. Meanwhile, Korean Kospi and Japan's Nikkei Stock Average gained 0.4% and 0.1%, respectively.

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