Sales of existing homes surge in December

Note: This section contains information in English only.
Source: Bloomberg
Sales of existing houses soared in December, reaching one-year record high, indicating real estate market is stabilizing. Purchases of previously owned homes surged for a third consecutive month jumping 5%, said National Association of Realtors. Cheaper property and increasing employment may encourage Americans to purchase a house, predict analysts. Nevertheless the relatively high number of foreclosures may slow the recovery.
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Mon, 23 Jan 2012 08:02:14 GMT

Aussie trades close to 12-week high

Australian and New Zealand Dollar climbed against most of their counterparts on Monday amid speculations, upcoming US reports may show US economy is recovering. Australian Dollar appreciated close to 12-week record high, hitting $1.0486, while New Zealand Dollar strengthened to $0.8071. Currently AUD/USD is trading at $1.0488, while NZD/USD is trading at $0.8069.

Mon, 23 Jan 2012 07:39:05 GMT

Europe to ban Iran oil on Monday

European Union officials today are going to announce oil embargo on Iran. The imposed sanctions will not only prohibit the imports of Iran crude but also place restrictions on nation's trade with precious metals including gold, said two persons familiar with situation. Iran exports about 2.2 m barrels of crude oil per day and around 18% is created for European

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