UK's house prices jumped at the fastest pace in 10 years this month

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Source: Marketwatch
UK's real estate prices increased at the fastest pace in the last 10 years this month. The price jump was supported by the improved confidence and sales-tax holiday provided by the government that finishes in March, reported Rightmove. According to the index of Rightmove, the home prices soared by 4.1% in February on a monthly basis and by 1.4% on an annualized rate.
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Mon, 20 Feb 2012 08:31:16 GMT

Thai's economy contracted by 9% in Q4 of 2011

Thailand's economy shrank in the last quarter of 2011 amid severe flooding that impacted manufacturing activities of the country. The GDP contracted by 9% in Q4 of 2011 on a yearly basis and by 10.7% from the previous quarter, reported the NESDB. However, despite weaker than expected performance, the NESDB raised the economy's expansion outlook from between 4.5% and 5.5%

Mon, 20 Feb 2012 09:05:55 GMT

China's central bank cuts reserve requirement ratio

The central bank of China announced that it will decrease the reserve requirement ratio by 50 basis points to 20.5% for large financial institutions and to 18.5% for the smaller ones. The decision will come into force from February 24 and is expected to provide additional 65.5 billion US Dollars to the country's market. Experts claim the cut is aimed

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