Home sales plunge to 15 years low in U.S.

The existing home sales for the month of July was 27.2 % low as compared to the annual rate of 3.83 units and the rate is lowest in last 15 years. The low recovery of housing market also indicates slow America’s recovery after the downturn of 2008.

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MasterCard paid $520 million for DataCash

The British payment company DataCash was taken over by Mastercard which will expand the e-commerce business of the company and the shares of DataCash were 10 year high due to the new changes.

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Economic sentiments of Germany fell to 14 points from 21.2 points

The economic condition in Germany is improving steadily but the economic sentiments in the month of July dropped to a 16 month low to 14 points. Economists had estimated the sentiments to be around 20.

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China government says “It’s still developing “

China said it is still developing and it has to take care of the poor although it passed Japan in the last quarter from April to June in economic output as per the new released data on Monday. Beijing refused to bind the limits on the emission of gas, it did not agree to guarantee foreign suppliers the same treatment in purchasing and the country has also been facing controversies due to the regulation of currency.

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