New Zealand's house sales surged by 25% in Mach

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Source: Forexfactory
House sales in New Zealand soared by unadjusted 25% in Mach on an annual basis, indicating the best performance in more than five years, according to Real Estate Institute. Recovery of the property market coupled with record low interest rates are likely to stimulate consumer confidence and boost economic activity later in 2012.


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Mon, 16 Apr 2012 10:39:20 GMT

Goldman Sachs to sell part of its ICBC stake

Temasek Holdings is preparing to buy a part of Goldman Sachs Group's stake of Industrial & Commercial Bank of China (ICBC). Goldman Sachs is going to sell 3.55 billion of ICBC shares valued at USD 2.5 billion or about 4% of total amount traded in Hong Kong. ICBC shares lost 0.8% in Hong Kong on the news. Temasek has been raising holdings in

Mon, 16 Apr 2012 11:57:07 GMT

US shares experienced a worst week in 2012

US shares fell on Friday after China posted disappointing GDP growth data and US consumer sentiment gauge unexpectedly declined. S&P 500 index lost 1.25% or 17.31 points and finished at 1,370.26, Dow Jones Industrial Average shed 1.05% or 136.99 points to 12,849.59 while Nasdaq Composite index tumbled 1.45% or 44.22 points to 3,011.33.

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