24 hours of Economics in 240 words! An economic snapshot number 7

For December 26^th

3:22 a.m.  China and Japan are to implement a direct currency exchange whereby it promotes direct exchange for companies and boosts bilateral trade.

4:09 a.m.  Japan has approved a $1.2trillion draft of its state budget, cutting spending for the first time in 6 years, it’s the most in-dept. nation!

8:17 a.m.  Samsung has paid £600million for its stake in Sony’s LCD joint venture.

8:58 a.m.  India’s GVK shares’ have increased by 8% amidst speculation of it buying a stake in Singapore-based Changi, for a 26% stake.

9:22 a.m.  It has been reported that first time buyers of properties has dropped to its lowest level for the past 35 years in Scotland.

Chinese and Japanese leaders have negotiated an exchange agreement

10:16 a.m. Five Northern Ireland courts closing could save a potential £400,000.

12:25 a.m. The Brazilian economy has overtaken the UK’s according to the Centre of Economics and Business Research.

3:52 p.m.  The new police scheme to protect drinkers on boxing day is go be implemented in Cubmria.

10:07 p.m. Stores have enjoyed strong Boxing Day sales, with the West End taking £15million in the first 3 hours of the sales.

10:57 p.m. Saudi Arabia has posted an $81billion budget surplus more than doubling the figures suggested with it expected to fall to $184billion, falling by $3billion.

11:45 p.m. Cuba has announced that it is expanding its free market reforms as it tries to increase its private sector. This is to boost their bilateral trade and cut costs for their companies after their trade stood at £218billion last year.