U.S. Real Estate Market Lifts Off a Bottom

Note: This section contains information in English only.
Source: Bloomberg
Home values show their first year-over-year growth since 2007, the Zillow Home Value Index increased to $149,300, a 0.2% growth from the second quarter of 2011. Record low interest rates, increase in demand and tense supply have driven the U.S. housing market despite growing unemployment rate and Eurozone recession.
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Tue, 24 Jul 2012 09:58:32 GMT

Canada seems to be shifting to a new oil and gas partner

Cnooc Ltd. has placed all cash takeover bid of a bit more than USD 15b for Nexen Inc. This indicates that Canada is switching from the US towards China as countries oil and gas partner. Canada's crude deposits, which are the third largest in the world, were partly developed by the fund from the US. China, being worlds most energy

Tue, 24 Jul 2012 09:19:32 GMT

The Australian Dollar Tumbles as Europe and China Fears Spread

The Aussie decreased almost 1% against the U.S. Dollar and 1.1% against the Japanese Yen following growing concerns about the Eurozone crisis and weaker growth of Cnina's economy. Although the Euro tumbled heavily versus the U.S. Dollar and the Yen due to the potential full-scale bailout for Spain, it increased by 0.8% against the Australian Dollar to 1.1802.

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