Morning in brief: Republican rivals battle it out on “Super Tuesday”, UK house prices fall
The Republican 2012 presidential candidate will be decided today as Santorum and Romney go head to head in Ohio, while European markets sink ahead of the final deadline for the Greek private-sector debt swap.
Republican hopefuls Mitt Romney and Rick Santorum will today discover who has secured the nomination to stand against president Barack Obama in November’s presidential election. Reuters reports that both candidates are neck and neck on the morning of “Super Tuesday”.
Uncertainty over the Greek private-sector debt swap is weighing heavily on European markets, ahead of today’s euro area flash GDP estimate, according to Bloomberg.
UK house prices fell by 0.5% last month, taking the cost of the average home to £160,118, writes the BBC.
The Wall Street Journal notes that Chinese companies have invested more than $17 billion into oil and gas deals in the US and Canada since 2010, giving the country a secure foothold in the US domestic energy sector.
Nissan has announced that it is to build its new compact model, the Invitation, at its Sunderland factory, according to the BBC. The £125m investment is expected to create 2,000 jobs in the region.