The local authorities are putting pressure on the Southern Cross for lowering fees of patient care and also by the leases on property that make an annual rent increase of about 2.5%
According to the Southern Cross, it has suffered a decline in the trading scenario since the 8th of February this year. It happens to be an organization that takes care of as many as 31,000 residents.
There is no early respite to the investors. The stock market has been in a state of dizzy with the political unrest in Arab states. As Libya quells 2% of the oil need, any uncertainty in the oil production is going to hit the global economy.
Computer maker Hewlett-Packard’s decision to hack its revenue forecast for the running quarter forced its company’s shares to shed around 12 per cent of their value in morning trading on Wednesday.
On Friday, the FTSE 100 index went below the 6,000 point mark as the investors who were hoping to get positive US job data were disappointed. Not only that, even the German retail sales figures were in the negative zone and that made the expectations from the third quarter of eurozone GDP even gloomier.
Moreover, there is a significant worry about the debt situation of these nations and that is what is pushing down the market sentiment even more.
Following two days of gain, operating on the NZX 50, blended as stock exchange data depicted a lift up in speculation action previous month.
The standard index was marginally down to 3323.99, by 2.72 points, or 0.1 per cent, as at the middle of the day, with the worth of proceeds at $18.6 million. At the time of this report, 11 stocks turned down whereas 12 inclined up and 27 were neutral or didn't trade.
Tracking the better of China's stock exchanges, The Shanghai Composite Index, inclined to 2,833.67 as of 11:05 am gaining 9.47, or 0.3 percent.
The CSI 300 Index knocked down to 3,176.63 from 0.5 percent. Developers like China Vanke Co. (000002 CH), the country's major builder, supplemented by 3.3 percent to 9.13 Yuan. The Real Estate group, Poly Real Estate Co. (600048 CH) put on 4.3 percent to 15 Yuan.