China's real estate prices decreased

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

After booming prices in property market the industry has started to cool down. The government tightening policies have led to an overall fall in real estate prices. Prices for new apartments in Beijing dropped by 5.1%. Analysts fear that restriction policy may impact country's economic growth. However, officials announced no changes in policy and continuation of price decrease in the industry.

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Mon, 14 Nov 2011 09:00:37 GMT

Kiwi and Aussie strengthens

N.Z. dollar advanced against US dollar two days in a row after government reported 5-year record increase in retail sales. Aussie and kiwi strengthened against greenback as Asian stocks rallied on investors' optimism about Greece's and Italy's new leadership. In Sydney evening trading session New Zealand dollar gained 0.2% to USD reaching $0.7869, while Aussie added 0.2 % to $1.0292.

Mon, 14 Nov 2011 10:12:53 GMT

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