Wednesday, 25 July, 2012
Business Report: Pain in Spain continues
The pain in Spain continues, as Robert Harris of Forth Capital explains, adding that the markets’ lack of confidence is pushing up the cost of borrowing money there. The knock-on effect of contagion for Italy is also a reality. Plus, Greece is having trouble paying its loans and risks going bankrupt. In corporate news, Apple’s profits were up by 21 percent and sales were up 23 percent, however share price dropped by 5 percent because these figures were still below market expectations:
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