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31 January 2012 Property

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Property 31/01/2012

16:03 : Banco Santander profits plunge 98 per cent - Spain's Banco Santander saw its profit plunge 98% in the fourth quarter after the bank took a 1.8 billion euro (£1.5 billion) charge to protect its Spanish property portfolio, and set aside cash to cover bad loans.
12:42 : Rightmove & Hometrack: House prices fail to rise for 18 months and buyers ... - Two separate reports have revealed the tough times facing the UK property market, with prices in the doldrums and only a quarter expecting them to be higher in a year.
10:11 : Banco Santander sees profit plunge - Banco Santander, Spain's biggest lender, said fourth-quarter profit plunged as it anticipated tougher rules on recognising property losses at home and earnings declined in the UK and Brazil.
Source : irishtimes-com
05:54 : ASIA CREDIT UPDATE: Wharf new bonds rally, Chinese property underperforms - HONG KONG, Jan 31 (IFR) - Asian credit spreads were marginally wider as profit-taking halted a month-long rally amid concerns supply would resume, with hopes rising that a deal will be struck in Greece this week to help Athens avoid a default.
Source : reuters-com
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