Draghi: the plan supposed to tame European crisis starts to work

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Source: Bloomberg
ECB President Mario Draghi announced his plan for curtailing European debt turmoil starts to work as large amount capital injection in region's financial system in December begin to oil credit markets amid falling Spanish and Italian borrowing costs. The Euro slightly appreciated after Draghi's announcement.
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Fri, 13 Jan 2012 08:45:39 GMT

UK housing prices touch 8-month high

UK home prices climbed in December, reaching 8-month high, as the buyers hurried to complete their deals before the end of 2011 amid surging demand from investors, said Acadametrics Ltd.  in its report The average value of home in Wales and England added 0.2% to $338 000 compared to November.

Fri, 13 Jan 2012 08:44:43 GMT

South Korea leaves key interest rate unchanged

The Bank of Korea decided to keep its benchmark borrowing interest rate untouched for the seventh consecutive month stressing increasing exposure to European debt turmoil. Although weakening South Korean Won threatens to boost inflation, central bank kept its key interest rate at 3.25%. The decision match economists' expectations. 

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