For the date of December 16th
0:11 a.m. The costs of rentals have fallen for the first time in ten months. The prices of rents have dropped by 0.4% to an average of £717 a month. Although, it is still around 3.5% more than just a year earlier.
3:10 p.m. The latest info from the independent inflation reviews has revealed that, unlike the UK economy, the US inflation has remained stable throughout the past month. Notable findings include the prices of food and clothing rising, whilst gasoline fell a dramatic 2.4%.
3:25 p.m. The EU and IMF have ended talks with Hungary over a possible standby credit line of 12.6 billion pounds.
7:00 p.m. Fitch, ratings agency, has reassigned the credit ratings, downgrading Belgium, Spain, Slovenia, Italy, Ireland and Cyprus, as well as changing France’s outlook to negative.
9:25 p.m. In other news Russia has finally become a member of the World Trade Organisation, making it the last of the 20 major economies to join. Russia’s joining was prevented due to blocking from Georgia over a short war in the late 2000s. This is estimated to boost Russia’s economy by 10 billion dollars each year!
11:05 p.m. The shares in Zynga, the game maker behind farm ville and other distracting facebook games has had its shares plummet 5% on the stock market, having begun its flotation with a 10% rise before the fall.
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