Thursday, 29 December 2011

24 hours of economics in 240 words! An economic snapshot number 10

For December 29h
0:25 a.m.  Ireland’s struggling economy is said to force a new wave of emigration.
0:31 a.m.  Dick Place, Edinburgh, has been named the “most expensive street” by the RBS.
1:59 a.m.  South Korea’s industrial output shrank in November with output falling by 0.4%.
3:23 a.m.  India and Japan have signed the new $15billion currency swap, similar to Japanese and Chinese agreement, to boost co-operation.
5:31 a.m.  Vietnam’s economy’s growth has slowed growing 5.9%, down from 6.8% in 2010.
Allegations of bribery have been made against Deutsche Telekom
6:27 a.m.  Further speculation of Yahoo’s decreased stake in Alibaba was fuelled when the company hired a lobbying firm.
9:28 a.m.  Debt experts today warned people to come forward if faced with unmanageable Christmas debt.
10:08 a.m. Alexander Dennis, a bus firm, has dropped a potential takeover of rivals Optare.
10:33 a.m. Hastings Direct, insurance company, has created 200 new jobs, in addition to the current 1,100 employees.
11:39 a.m. Harlow Foodbank is looking for larger premises in 2012 to meet increased demand; the firm currently supplies 186 people a month.
11:50 a.m. An Eating disorder association in Wessex has had £50,000 cut by health trust.
1:41 p.m.  Hungary’s government abandons part of planned bond auction.
2:57 p.m.  Firms appeal against Wigtownshires rejection for plans of an 11-tubine project.
5:25 p.m.   Italy’s long term borrowing costs have remained high after they raised €7billion in medium and long-term debt.
10:27 p.m. Deutsche Telkon are to pay $95million to settle bribery charges.

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