Lehman Brothers to enter final phase of bankruptcy

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Source: Bloomberg

Lehman Brothers Holdings has been approved by federal judge to start a final stage of the largest bankruptcy in US history. Company plans to raise $65 bn in next three years by liquidating its assets left. According to company's statement it is planning to distribute part of its $23 bn cash capital.  Lehman Brothers, once the 4th biggest investment financial, failed in September 2008 with assets valued at $639 bn.

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Wed, 07 Dec 2011 12:58:42 GMT

Germany sells five-year notes

Germany sold 4.09 billion euros of notes maturing in five years with an average 1.11% yield. The Bundesbank, the responsible institution for conducting government's auction, announced it got 8.67 billion euros bids for the notes. The Bundesbank has set aside 910 million euros for secondary market operations made by Finance Agency.

Wed, 07 Dec 2011 14:18:26 GMT

UK shop price inflation retards

In November UK shop price inflation diminished to a 1-year low as price wars among supermarket limited food-expense increases, said British Retail Consortium. Retail prices added 2% on a yearly basis compared to 2.1% in October. According to report, food prices climbed 4% and non-food items gained 0.8% compared to previous year. Mervyn King a governor of BoE predicts inflation to slow down in 2012. 

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