U.K. unemployment rate reached nine-month low

Note: This section contains information in English only.
Source: Bloomberg

The number of unemployed people in the U.K. declined by 65,000 to 2.58 million, or to 8.1 per cent in the quarter through May. The improvement can be explained mostly by the upcoming Olympic Games in London, which helped to create new working places. As reported by the International Labor Organization the number of employed people jumped 181,000 to 29.4 million, the highest level since November 2008.

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Wed, 18 Jul 2012 15:39:16 GMT

Bank of America reports $2.5 billion profit

On Wednesday, July 18, the bank of America, the second biggest U.S. bank, posted its second quarter report with $2.5 billion earnings. A cost-cutting plan, introduced a year earlier, helped the bank's fundamentals improve. Expenses dropped to $17 billion, or by 35 per cent, while the number of employees declined more than 12,000, what is the first phase of bank's cost cutting plan. Soon after the data

Wed, 18 Jul 2012 15:15:16 GMT

Demand for construction services improves in the USA

The latest US readings published by the American Institute of Architects (AIA) on Wednesday, July 18, indicated improvement in construction activity in June. The changes are determined by architects' billing index (ABI) that shows the demand for construction services. Thus ABI gained 0.1% in June and stopped at 45.9. However, reading below 50 implies declined demand for such works. Although, the architects' service inquiries, not all

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