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In January, the UK house price balance was minus 22 points, down from minus 19 points in December, the Royal Institute of Chartered Surveyors (RICS) reported. The indicator fell to the lowest since July 2012 level. According to the institute's forecast, in the next 3 months the maximum since February 2011 fall in prices is expected, which is due to the likely exit of the UK from the European Union without an agreement. The rate of decline in the volume of properties put up for sale in the country became maximum since July 2016, after the Brexit referendum. According to official data, the December increase in housing prices in the UK by 2.5% in annual terms was the lowest since July 2013.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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