Mena News

 

  UK house prices rise in March
Mar , 19 , 2013  
  The UK housing market continued to improve in March with an increase in transaction volume and property prices. The average asking price for properties climbed 1.7% MoM to GBP 239,710, the highest since the peak of 2008. On an annual basis, prices were 1.2% in March.
 

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  Eurozone trade deficit narrows in January
Mar , 19 , 2013  
  Eurozone's merchandise trade deficit narrowed in January as exports increased at a faster pace than imports. The net trade deficit came in at EUR3.9bn on an unadjusted basis, much lower than EUR9.1bn a year earlier. The market had forecasted a deficit of EUR3.5bn.
 

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  Eurozone trade deficit narrows in January
Mar , 19 , 2013  
  Eurozone's merchandise trade deficit narrowed in January as exports increased at a faster pace than imports. The net trade deficit came in at EUR3.9bn on an unadjusted basis, much lower than EUR9.1bn a year earlier. The market had forecasted a deficit of EUR3.5bn.
 

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  International lending growth at slowest rate in 13 years
Mar , 19 , 2013  
  The latest report from Bank for International Settlement (BIS) revealed that global lending by banks grew at the slowest rate in 13 years in 3Q12, as gains in credit to non-banks were largely offset by declines in claims on banks. International lending by banks rose 0.1% QoQ, or by USD33bn, during the quarter.
 

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  US homebuilder confidence declines in second consecutive month
Mar , 19 , 2013  
  Homebuilder confidence in the US declined unexpectedly in March, with the NAHB/Wells Fargo Housing Market Index coming in at 44 vis-à-vis 46 in February. In contrast, the market expected the index to rise to 47. This is mainly ascribed to a fall in the current sales conditions component to 47 from 51 during the same period.
 

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  National Shipping Co. of Saudi Arabia plans to issue sukuk
Mar , 19 , 2013  
  National Shipping Co. of Saudi Arabia is seeking to issue a sukuk to refinance debt obtained for financing the acquisition of Saudi Aramco's marine unit.
 

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  U.S. stock futures deep red after Cyprus deposit levy
Mar , 18 , 2013  
  Cyprus's unprecedented bank-deposit levy sends Asia markets and the euro tumbling. Cyprus plan seen crushing Wall Street at the open.
 

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  Natural gas rises on falling supplies
Mar , 18 , 2013  
  Natural gas extended gains into Friday, with investors taking long positions on the commodity after official data showed supplies fell much below the market expectations last week. Natural gas futures for delivery in April gained 1.09% to move up to USD3.853 per mbtu on the NYMEX.
 

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  Gold settles higher on escalating inflation in the US
Mar , 18 , 2013  
  Gold futures settled higher on Friday, after the release of some macroeconomic data from the US showing rising inflationary trends. Gold futures for April delivery edged up USD1.90 or 0.1% to end at USD1,592.60 an ounce on the NYMEX.
 

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  Australia’s new motor vehicle sales remain flat in February
Mar , 18 , 2013  
  The total volume of new motor vehicle sales in Australia remained almost flat in February, after contracting 2.2% the previous month. On an annual basis, new motor vehicle sales grew 9.4%, after rising 10.9% in January.
 

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