Average price of house in U.K. drops in month of December

Posted On: December 30, 2011
As America seems to be slowly recovering from the housing crisis that permeated that country for so long, the U.K. still seems to be grappling with that same predicament. [More]

Category: Industry News

Euro gains small ground against dollar and yen

Posted On: December 30, 2011
As Europe's sovereign-debt crisis deepens, the Spanish government has decided to decrease spending by approximately 9 million euros in 2012 across all of its ministries and also raise tax levels as well, according to Reuters. [More]

Category: Industry News

U.S. mortgage rates rise after record-setting lows

Posted On: December 29, 2011
According to Bloomberg, U.S. mortgage rates for 30-year fixed loans have increased from the lowest on record as home sales grew and consumer confidence improved. [More]

Category: Industry News

Business activity expands in U.S, European recession could stall U.S. demand for U.S. exports

Posted On: December 29, 2011
The December forecast for business activity expansion was more than forecast, which suggests American manufacturing is affecting the slowdown in Europe, Bloomberg reports. [More]

Category: Industry News

Forint falls against the strengthening dollar

Posted On: December 29, 2011
The Hungarian forint (HUF) dropped to a month low on concern that the government may not obtain international aid after two credit downgrades to junk status, Bloomberg stated. [More]

Category: Industry News

Euro at lowest point in one year to U.S. dollar

Posted On: December 29, 2011
Today, Italy auctioned off more than 7.02 billion euros worth of bonds, which was short of their targeted amount, as borrowing costs declined, according to Bloomberg. [More]

Category: Industry News

Unemployment claims drop and stock futures climb

Posted On: December 29, 2011
In the month of December, fewer Americans filed applications for unemployment benefits than in any time in the past three years, a sign that the U.S. economy is beginning to pick up steam. [More]

Category: Industry News

Rand plummets this year, but gold doing well

Posted On: December 29, 2011
The rand, according to Bloomberg, has fallen 19 percent this past year and now currently trades at 8.30 per U.S. dollar, which is the largest decrease among the 12 most-traded currencies tracked by the news source as the debt crisis in Europe has caused riskier assets to be bought by investors. [More]

Category: Industry News

Euro Falls to 10-Year Low Versus the Yen

Posted On: December 28, 2011
Financial Post (Investing): In relatively light holiday trading, the European common currency dropped to a ten-year low against the Japanese yen and a yearly low against its main counterpart, the US d... [More]

Category: Media Coverage

Euro Hits Lowest Level in Nearly a Year

Posted On: December 28, 2011
Globe and Mail: As fears swirl around the fate of Greece and the euro in general, the common currency dropped to its lowest level in nearly a year. Karl Schamotta, Senior Market Strategist for Western... [More]

Category: Media Coverage