Scotland: facing double-dip recession

Note: This section contains information in English only.
Source: BBC
Regarding the official figures, next to England, Scotland has entered the second wave of the crisis. In 2012 in the first quarter the GDP of Scotland reduced by 0.1%. Also there was a rapid reduction in construction sphere equal to 6.9% whereas the production and services sectors improved by 1.2% and by 0.2% respectively. The rate of unemployment was 8% which is quite good indicator as during the previous months the number was falling.
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Thu, 19 Jul 2012 11:16:18 GMT

Spanish bonds' interest rates climb

Spanish borrowing cost rose after EUR 2.98 billion (out of maximum EUR 3 billion)of notes were sold. Bonds' due 2014 yield climbed from 4.335% to 5.204% since June 7. Five-year bond gained 0.378% since June 21 and were sold at interest rate of 6.459%, while seven-year securities' average yield became 6.701%. Though Spain is oriented on selling short-term debts as paying 7% interest for investors

Thu, 19 Jul 2012 16:58:33 GMT

U.K. stocks turned green as more people are employed

On Wednesday, July 18, an unexpected decline in U.K.'s unemployment rate boosted markets higher. The FTSE 100 index advanced 1.01 per cent to 5,685.77 and British pound strengthened versus the single currency 0.17 per cent to 0.7839. Meanwhile, the boost was supported by the increase of Fresnillo PLC shares by 1.56 per cent, BHP Billiton rose 2.02 per cent and Rio Tinto PLC also increased

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