US foreclosures rise 30 percent in February

U.S. home foreclosures took a steep 30 per cent rise in February compared to February 2008 Share

US housing starts drop to 50-year low

New homes construction in the US has fallen by 16.8 per cent in January to a 50-year low according to official statistics. Share

Spain enters first recession in 15 years

Spain has officially joined the list of nations in recession. Spanish gross domestic product contracted 1.1 percent Share