Dollar rallies after Kim Jong-il death

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Source: Marketwatch

The dollar increased against its major rivals on the investors' uncertainty over the reports that Kim Jong-il, leader of North Korea, died during the weekend, according to state media. The USD index traded at 80.83 increasing from 80.216 or by 0.18% during the morning trading.

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Mon, 19 Dec 2011 14:18:08 GMT

China: real estate prices continue to decline

Tightening measures aimed at easing situation on the property market showed results in the 70% of the 70 largest cities surveyed. Nearly 49 out of 70 cities reported essential fall in the price level for new residential property in November. The price declined by 0.4% in Beijing and Shanghai while Nanjing saw 0.7% drop. The government continues to decrease demand and stimulate supply to combat

Mon, 19 Dec 2011 14:17:06 GMT

Spain's bad loans reach record high since 1994

Spanish banks announced on Monday their fraction of bad loans has increased to highest reading in 17 years as country is harmed by property crash and deepening European debt crisis. According to Bank of Spain, the proportion of bad debt against total lending jumped to 7.42%, the highest since 1994 compared with 7.16% in September.

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