European Stocks Fall; Superstores Suffer
European stocks today have been reported to decline, losing ground after the biggest rise in six weeks as the regions economy contracted more than expected in the second quarter. J Sainsbury Plc and Metro AG have been the significant two that have fell drastically. Sainsburys fell 3.2% after the the U.K.’s third-largest superstore owner reported [...]
Read MoreU.K. Industrial Unit Production Crashes
U.K. factory production unpredictably fell to the lowest level since 1992 indicating the countries efforts to recover from the recession. Manufacturing output slumped 1.9% from the previous month while the economists expected a 0.3% increase. The manufacturing unit index declined to 87.8, the lowest in 17 years. The Bank of England policy makers are concerned [...]
Read MoreU.K. Services Index Expands
The U.K. service index from banking to caterers increased at the greatest pace in two years, in the month of September, adding to facts that the economy surfaced from global economic crisis in the third quarter. The service index, based on a study of about 700 service companies by the Chartered Institute of Purchasing and [...]
Read MoreAustralia Alters Short-Selling Parameters
Australia needs to reform short-sale positions that is supposed to be revealed to the nation’s market controller from April, as per the plan released today by the Minister for Financial Services. Market short-sellers will require reporting their positions to the Australian Securities and Investments Commission (ASIC), according to a press release from Minister Chris Bowen’s [...]
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