US new home sales better than expected in January

Note: This section contains information in English only.
Source: Bloomberg
The new home sales in US outperformed the expectations in January, said the Commerce Department on Friday, providing more evidence the property market in country is stabilizing. The number of new single-family homes purchases climbed to annualized 321 000. Economists questioned by Bloomberg predicted an increase to 315 000. 
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Mon, 27 Feb 2012 08:41:14 GMT

China may cut interest rates in Q2

China may cut its interest rates in Q2 in view of bleak world's economic outlook, reported Xiamen University. The university predicts the central bank to lower the interest rate by 25 basis points in both Q2 and Q3 as the country's growth is expected to decelerate. Hence, after two cuts the interest rate for one-year lending will be cut to

Mon, 27 Feb 2012 08:56:24 GMT

Loonie climbs on higher demand for risky assets

Canadian Dollar appreciated on Friday, reaching the highest level in four months as good economic data from US bolstered demand for riskier assets. Canadian Dollar traded CAD 0.9993 in Toronto evening session. Currently USD/CAD is trading at CAD 1.0016. 

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