Saturday 29 January 2011

UK consumer confidence suffers 'astonishing collapse': Britons' confidence in the economy and their finances has suffered its biggest drop in close to 20 years, raising fears that the Government's austerity onslaught will set off a self-feeding downward spiral

IMF warns U.S., Japan on debt: The United States and Japan received sharp warnings from the IMF and ratings agencies Thursday that they must tackle their huge budget deficits to avoid investors dumping their bonds, which would create a sovereign debt crisis and push up their borrowing costs.

New-home sales in 2010 fall to lowest in 47 years: Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department said Wednesday