UK Nationwide HPI declines to minus 0.2%

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Source: Forexpros

The UK's Nationwide home price index decreased more than expected in November.  The index dropped to minus 0.2% in November from 0.4% in October. Experts predicted the index to grow 0.3% in November. Following the data release, the Pound decreased against the USD and the pair GBP/USD is currently trading at 1.5417, losing 0.001%.

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Fri, 30 Dec 2011 09:11:56 GMT

China's tourism infrastructure expands

The number of hotels in China touched 13,908 with 607 five-star hotels, signaling on rapidly growing truism infrastructure in the country. China's travel agencies totaled 23,315 and the tourist arrivals for the period between 2006 and 2011 amounted 9.3 billion, bringing 6 trillion yuan revenue to the country, reported Shao Qiwei, director of China's National Tourism Administration.

Fri, 30 Dec 2011 09:11:15 GMT

Deutsche Telekom pays above $95m to settle the bribery charge

Deutsche Telekom and Magyar Telekom, its Hungarian subsidiary, agreed to pay about $95m to settle the charges of the US that accused the companies in bribing the officials in Macedonia and Montenegro. The companies wanted officials to keep the competitions out of the market. Deutsche Telekom will not be prosecuted for two years in case the company improves compliance to the law, said the Justice

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