Prudential shares rise on Chinese takeover report

first_img Tags: NULL Separately, a source said AIA’s initial public offering could be priced as low as to value the company at $27bn (£18bn), significantly below Prudential’s second offer of $30bn. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 13 September 2010 8:47 pm Prudential shares rise on Chinese takeover report PRUDENTIAL’S shares soared three per cent to 618p yesterday amid suggestions of a bid for the FTSE 100 insurer from a Chinese consortium.Traders piled into Prudential stock after a report said investors, including Go Guangchang, chairman of China’s Fosun International and former Goldman Sachs boss Fred Hu, were at the early stages of putting together a takeover approach. Their plan would be to keep Prudential’s flagship Asian business and offload the UK to a buyer such as Resolution founder Clive Cowdery.But Barrie Cornes, an analyst at Panmure Gordon, said: “It’s unlikely in the short-to-medium term that there would be a break-up of the Pru. It’s more likely these investors would be looking to take a stake if they think the shares are cheap.”Another analyst said the news may have been leaked in an attempt to drive down the flotation price of AIA, which several Far Eastern funds are understood to be keen to support as cornerstone investors. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp whatsapp Show Comments ▼last_img read more

Cotton prices surge to new high

first_img Monday 20 September 2010 9:32 pm KCS-content Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Cotton prices surged more than three per cent yesterday, jumping past the $1 a pound level for the first time since 1995. Buying by speculators, mills and trade accounts stoked the rally. Clothing makers and other commercial users were forced to buy at the inflated prices. Investment funds sitting on money-making long positions were also anticipating cotton prices will get a further boost from consumer demand down the road. Cotton prices surge to new high Share Tags: NULLlast_img read more

Politicians target the City

first_img Tags: NULL More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Show Comments ▼ KCS-content Tuesday 21 September 2010 8:28 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share FIGURES?from across the political establishment lined up to renew their attacks on the City yesterday, in a sign that populist banker bashing is unlikely to fizzle out any time soon. Senior Liberal Democrats led the pack at their conference in Liverpool, as party leaders tried to convince members they have not sold out by sharing power with the Conservatives. Deputy prime minister and Lib Dem leader Nick Clegg warned banks against paying “ludicrously sky-high” bonuses, and said there would be “very serious action” if they do. He added: “If you abuse the generosity of taxpayers then clearly this government won’t be able to stand idly by.“The last government imposed a temporary tax on bonuses. I’m not going to take any options off the table.”However, aides to chancellor George Osborne yesterday played down suggestions the government would repeat Labour’s one-off bonus tax, which did little to restrain pay but did boost government coffers. Business secretary Vince Cable said banks were facing a “potential train crash” over bonuses, and warned the government could introduce a tax on profits or transactions.Meanwhile,?Labour mayoral hopeful Ken Livingstone suggested the London mayor should have powers to raise additional income tax, with the highest earners possibly paying an eye-watering rate of 80 per cent. “The mayor should have an income tax so you can redistribute wealth. Mrs Thatcher had a top rate of tax of 60 per cent for the first eight years and all these bankers were swarming here,” he said.“I think it would at least be a 60 per cent rate for everybody over £200,000. You might look at an 80 per cent rate for people earning £1m. These are exactly the people that have landed us in this mess.” Politicians target the City whatsapplast_img read more

BP free to sell in Venezuela

first_imgSunday 26 September 2010 10:32 pm VENEZUELA has granted BP permission to negotiate the sale of its assets in the South American OPEC member, Venezuelan Oil Minister Rafael Ramirez said yesterday.Last month, he said BP would need authorisation from the administration of President Hugo Chavez to sell its minority stakes in two exploration and production joint ventures with Venezuela’s state oil company PDVSA, as well as its interest in the Petromonagas crude upgrader.The assets are valued at between $850m (£537m) and $1bn. BP has been seeking to raise up to $30bn. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Show Comments ▼ BP free to sell in Venezuela Tags: NULLlast_img read more

Wall Street pay to reach a record high

first_img KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL Wall Street pay to reach a record high whatsapp Share whatsapp Show Comments ▼ Tuesday 12 October 2010 9:16 pm WALL Street pay is expected to reach a record high this year, for the second year running.The 35 top public securities and investment-services firms expect to pay staff $144bn (£90.4bn) in compensation and benefits in fiscal 2010, up four per cent from the $139bn paid out in 2009, a new Wall Street Journal study has found.Of the firms surveyed, 26 anticipate compensation will rise this year. The companies, which include investment banks, hedge funds, banks and securities exchanges, expect to pay about 32.1 per cent of revenues to employees.This is the same level as 2009, but lower than the 33.9 per cent of revenue paid out in 2008 and 36 per cent of revenue paid out in 2007.However pay increases appear likely to outstrip growth in revenue, which is forecast to rise three per cent from $433bn to $448bn. Though profits are recovering, the $61.3bn total anticipated profit in the firms surveyed is still about 20 per cent lower than the $82bn generated in 2006.The survey projects Goldman Sachs’ payout will lift 3.7 per cent from $16.2bn to $16.8bn, despite a forecasted 13.5 per cent revenue drop. last_img read more

FASHIONABLE WEST END

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp KCS-content Tags: NULL Show Comments ▼ Share whatsappcenter_img RETAILERS in London’s West End have reported an 8.5 per cent year-on-year sales surge inSeptember thanks to fashion-conscious shoppers seeking out new clothes for the Winterseason. The New West End Company, which represents stores on Bond Street, Oxford Streetand Regent Street, said revamped stores and new lines were behind the sales. FASHIONABLE WEST END More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Sunday 17 October 2010 11:13 pmlast_img read more

DMGT set for higher profit

first_img whatsapp DMGT set for higher profit Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ Sharecenter_img KCS-content Monday 22 November 2010 6:25 am DAILY MAIL and General Trust is expected to unveil a hike in full-year profits when it announces preliminary results on Thursday, thanks to a recovery in advertising revenues and strong trading at its business-to-business (b2b) division. Analysts at Numis expect the firm to book pre-tax profits up 23 per cent at £245m for 2009-10, compared to £201m a year earlier, with underlying group revenues up two per cent at £1.97bn. Sales at its b2b arm, which accounts for around 70 per cent of profits, are expected to be up by around three per cent on an underlying basis, after a strong performance at its information and events businesses. Trade magazine publisher Euromoney, which is 66 per cent owned by DMGT, also reported a strong set of preliminary results last month, with profits of £71.42m compared to a pre-tax loss of £17.36m in the previous year.Meanwhile, the consumer division that publishes the Daily Mail and Metro is expected to have grown revenues by one per cent, after display advertising staged a recovery.However, trading at the firm’s regional Northcliffe division will likely have been tougher. Rivals Johnston Press and Trinity Mirror have both reported lower sales of display advertising on the back of the comprehensive spending review. “We view the group’s data-centric, high margin b2b businesses as best-in-class and believe that the Daily Mail titles enjoy the demographic, online reach and brand strength to outperform peers significantly both on and offline,” said Numis analyst Dominic Buch. whatsapplast_img read more

HOW WE LED THE WAY ON GLENCORE

first_img HOW WE LED THE WAY ON GLENCORE whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com KCS-content Show Comments ▼ Tags: NULL whatsapp “Hong Kong is expected to grab a share of the action in Glencore’s initial public offering.”City A.M. 17th December 2010“Glencore plans a dual listing of its shares in Hong Kong and London”WSJ.com25th January 2011 Wednesday 26 January 2011 9:06 pm Sharelast_img read more

Swedish PM in WikiLeaks row

first_img Show Comments ▼ Swedish PM in WikiLeaks row whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam whatsapp Sharecenter_img KCS-content Sunday 13 February 2011 10:38 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Tags: NULL A lawyer for WikiLeaks founder Julian Assange has accused Sweden’s prime minister of damaging his client’s chances of a fair trial for alleged sex crimes by portraying him as “public enemy number one.” Assange’s lawyer Geoffrey Robertson, opposing a Swedish bid to extradite the Australian from Britain, said Prime Minister Fredrik Reinfeldt had created a “toxic atmosphere” in Sweden with what he said was an inflammatory statement about Assange. The Belmarsh Magistrates’ Court hearing has been adjourned until February 24, when an extradition ruling is expected. last_img read more

Three year high for US morale

first_img Three year high for US morale whatsapp whatsapp Share KCS-content Tuesday 22 February 2011 8:04 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap AMERICAN consumers are the most upbeat they have been since February 2008 as the US economy continues to rebound, official data showed yesterday.“Rising equity prices, falling unemployment and the boost to disposable incomes from the payroll tax cut are more than offsetting the effects of higher gasoline prices and lower house prices,” commented Paul Dales of Capital Economics.High street morale was boosted despite upward revisions being made to recent months due to changes in the Conference Board’s methodology. The headline figure for consumer confidence reached 70.4 this month, from 64.8 in January.And consumers are optimistic for the near future, with the survey’s expectations index surging to 95.1, from 87.3 last month, smashing the long term average of 92 for the first time since the recession.America’s recovery was also reflected in the Federal Reserve Bank of Richmond’s manufacturing figures, which bounced back strongly. The index climbed back to 25 this month, as new orders soared by 10 points (from 17 to 27), the Richmond Fed announced yesterday.However, the US housing market continues to slump, with prices falling 0.4 per cent in December, compared to the previous month.In the final three months of 2010, prices in 20 main US cities dropped 3.9 per cent on the previous quarter, the Case-Shiller home price index revealed yesterday.“The silver lining that they should be bottoming out soon,” said ING’s Teunis Brosens. Tags: NULLlast_img read more