Shanghai Daily: Business - shanghaidaily.com
LONDON led the biggest drop in United Kingdom home values for at least five years this month as higher mortgage costs and the prospect of further declines in prices kept away buyers, a report by Rightmove Plc showed. The average UK asking price fell 3.2 percent to 232,396 pounds (US$473,437) from November, the largest decline since the survey of real-estate agents' listings began in 2002, Britain's most-used property Website said yesterday. London home costs dropped 6.8 percent, also the most recorded by Rightmove. "The market is tough out there," Miles Shipside, the company's commercial director, said in an interview with Bloomberg News. "We see a flat outlook for next year, with no price rises, as we work our way through this liquidity crisis." The Bank of England this month cut the benchmark interest rate for the first time in two years, citing the threat of an economic slowdown. Confidence among British real-estate agents has slumped as pricier mortgages
NYT > DealBook
Shares of Memsic, a maker of sensors used to add touch, pedometer, or light-show functions to mobile phones, edged up 20 cents, or 2 percent, to $10.20 in the company’s debut on the Nasdaq Global Market Friday afternoon. The Andover, Massachusetts-based company is backed by Ottawa-based Celtic House Venture Partners and Waltham, Massachusetts-based Still River Funds, [...]
The Seattle Times: Business, Technology
A popular 21st-century economic maxim holds that the world is flat — or at least flattening. Yet as countries, companies and individuals...
NYT > World Business
Swiss chocolatiers, having conquered European and North American markets long ago, are now aiming at the vast expanses of Russia, India and China.
Newsvine - business - Wire
Cemex, among the largest building materials companies in the world, said Sunday it expects its fourth-quarter profit to rise 18 percent from the same period a year ago, and it projects growth of about 13 percent in 2008 despite flat sales in the U.S. market.