UK real-estate value unaffected in November

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

In November UK housing value was unchanged, reported Acadametrics Ltd. The average value of a house in Wales and England was ВЈ220,043 ($343,800). The number of deals added 4.5%. On a yearly basis, however, property prices were down 0.7%. Acadametrics explain the increase in transactions by relatively low interest rates in market.

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Fri, 09 Dec 2011 08:38:54 GMT

Toyota reduces profit outlook by 54%

On Friday Toyota Motor Corp. cut its current fiscal year profit outlook by 54% as company's production output was seriously harmed by immense flooding in Thailand. Japanese leading car producer estimates its annual net profit to reach Y180 billion, revised down from Y390 billion. Global sales outlook has been reduced to 7.38 million cars.

Fri, 09 Dec 2011 08:35:51 GMT

Aussie and Kiwi decline on European concern

New Zealand and Australian home currencies dropped to one-week record lows on investor speculation EU summit will not provide a tangible solution for debt crisis, hampering demand for upward yielding assets. Australia's dollar lost 0.6% against the Greenback reaching $1.0102 in Sydney trade while New Zealand Dollar gave up 0.8% to $0.7668. The AUD/USD currently is trading at $1.0065 and NZD/USD is trading at $0.7646.

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