Tag: second

Rightmove: Asking prices down for second month in a row

Rightmove: Asking prices down for second month in a row

Property website, Rightmove, has today reported a drop in asking prices for the month of August – the second consecutive monthly fall. According to Rightmove, asking prices for residential property in England and Wales fell by 2.1% this month after a 1.6% decline in July. The property website, which claims to advertise 90% of the [...]

August 15, 2011 | 0 Comments More
Euro zone summit approves fresh Greek bailout

Euro zone summit approves fresh Greek bailout

Euro zone leaders met in Brussels yesterday and have agreed a further €109 billion (£96.3 billion) bailout for debt-laden Greece. A further €135 billion will come from the private sector during the next three decade, which will include a debt buy-back programme. Stock markets have risen today following the news with the Japan’s Nikkei closing [...]

July 22, 2011 | 0 Comments More
Germany and France reach agreement on second Greek bailout

Germany and France reach agreement on second Greek bailout

Late night talks between German Chancellor Angela Merkel and French President Nicolas Sarkozy have led to a common position on a second bailout for Greece. After seven hours of talks in Berlin, sources said both parties had also discussed their efforts to prevent the debt crisis spreading through the rest of Europe. However, full details [...]

July 21, 2011 | 0 Comments More
Moody’s cuts Irish debt rating as second bailout looms

Moody’s cuts Irish debt rating as second bailout looms

July 13, 2011 | 0 Comments More
Moody’s downgrades Portugal’s debt to junk status

Moody’s downgrades Portugal’s debt to junk status

July 6, 2011 | 0 Comments More
EU leaders agree to give Greece another €120bn

EU leaders agree to give Greece another €120bn

A second rescue package for Greece has been agreed, which is understood to be in the region of €120 billion. The money will come from its fellow euro zone nations, as well as the International Monetary Fund (IMF). The news of the deal sent stockmarkets higher this morning after the crisis-torn economy has been thrown [...]

June 24, 2011 | 0 Comments More
UK Q1 economic growth figures remain unchanged

UK Q1 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.5% in the January to March period – unchanged from the first estimate last month. The figure is in line with market forecasts but is behind Chancellor George Osborne’s forecast of 0.8%. The reading suggests the recovery of the UK economy [...]

May 25, 2011 | 0 Comments More
US new home sales rise for second consecutive month

US new home sales rise for second consecutive month

The Commerce Department has today revealed sales of new homes in the US rose for a second consecutive month in April, after diving to a record low in February. According to the Commerce Department, new single-family home sales grew 7.3% on the month to an annual rate of 323,000 units, better than analysts had forecast. [...]

May 24, 2011 | 0 Comments More
German retail sales up second month in a row

German retail sales up second month in a row

Federal Statistical Office, Destatis, has today revealed German retail sales grew for a second consecutive month in January. According to Destatis, retail sales rose 2.6% in January on an annual basis - boosted by falling unemployment. Earlier this week, the Federal Labour Office said there was a further fall in the number of people out [...]

March 3, 2011 | 0 Comments More
Chinese inflation rises to 4.9% in January

Chinese inflation rises to 4.9% in January

China’s National Bureau of Statistics (NBS) has revealed the consumer price index rose 4.9% in January on an annual basis - up from December’s 4.6%. Inflation is still well in excess of the 3% target set by the Government but was in line with analysts forecasts. The Government recently announced measures to deal with double-digit [...]

February 15, 2011 | 0 Comments More
China officially becomes world’s second largest economy

China officially becomes world’s second largest economy

Official data today revealed a contraction in the Japanese economy for the final three months of 2010. The latest figures mean China has now officially become the world’s second largest economy - taking over from Japan, which slides into the third place. At the end of 2010, Japan’s economy was worth $5.474 trillion (£3.414 trillion), [...]

February 14, 2011 | 1 Comment More
Euro zone retail sales fall in December

Euro zone retail sales fall in December

The European Union’s statistics office Eurostat has today revealed retail sales fell unexpectedly in the euro zone last month. It represented the second consecutive monthly decline and followed November’s fall of 0.3%. According to Eurostat, sales fell 0.6% in December on the month, while on an annual basis, sales were down 0.9%. The figures surprised [...]

February 3, 2011 | 0 Comments More
Bank of America posts $1.2bn loss in Q4

Bank of America posts $1.2bn loss in Q4

The Bank of America has today reported its second consecutive quarterly loss - primarily due to the writedown of its mortgage business, Countrywide. The bank, which is the largest in the US by assets, today disappointed analysts with a fourth quarter net loss of $1.24 billion (£775 million), compared with a $5.2 billion loss a [...]

January 21, 2011 | 0 Comments More
Indian economy beats expectations

Indian economy beats expectations

The Indian economy grew by a staggering 8.9% on an annual basis in the July to September period - cementing its status as the world’s second fastest-growing major economy, behind China - which posted growth 9.6% year-on-year in the same period. The rapid growth, fuelled by manufacturing, services and a strong farm sector, was better [...]

November 30, 2010 | 0 Comments More
US Q3 economic growth figures revised upwards

US Q3 economic growth figures revised upwards

The Commerce Department has today revealed the US economy grew by 2.5% in the July to September period – much faster than the 2% previously estimated and higher than economists had forecast. Today’s estimate is the second reading, a third and final estimate will be available next month. GDP was revised upwards due to higher [...]

November 23, 2010 | 0 Comments More
Rolls-Royce awarded $1.8bn contract from Air China

Rolls-Royce awarded $1.8bn contract from Air China

Rolls-Royce has won a $1.8 billion (£1.1 billion) order from Air China. The announcement comes at a time when the British enginemaker has featured heavily in the news due to the failure of one of its Trent 900 engines, which exploded just minutes into a Qantas flight earlier this month. However, the company has since [...]

November 22, 2010 | 0 Comments More
Retail sales in surprise fall in September

Retail sales in surprise fall in September

The Office for National Statistics (ONS) has today reported a decline in UK retail sales for the month of September - the second monthly fall. According to the ONS, retail sales dipped 0.2% last month and followed a downwardly revised fall of 0.7% in August. The fall was attributed to weak demand for clothing and [...]

October 21, 2010 | 0 Comments More
German exports fall for second consecutive month

German exports fall for second consecutive month

Germany’s statistics office, Destatis, today revealed exports fell 0.4% in August compared with July to €81.8 billion (£71.7 billion). It was the second consecutive month in which exports dropped and could raise doubts about the strength of the recovery in the euro zone’s largest economy. Export demand helped to bring Germany out of recession in [...]

October 8, 2010 | 0 Comments More
German retail sales see surprise fall in August

German retail sales see surprise fall in August

Germany’s National statistics office, Destatis, today revealed a surprise fall in retail sales for the month of August. According to Destatis, retail sales in the euro zone’s largest economy fell 0.2% on the month - representing the second consecutive monthly fall, after July’s drop of 0.4%. The biggest falls were seen in food and drinks, [...]

October 1, 2010 | 0 Comments More
US retail sales rise in August

US retail sales rise in August

The Commerce Department has today announced a rise in US retail sales - the second consecutive monthly gain. Retail sales grew by 0.4% in August to a five-month high - better than analysts had expected. Sales were boosted by clothing and fuel. However, car sales fell 0.7% in the month after growing strongly over recent [...]

September 14, 2010 | 0 Comments More