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Zinc yesterday settled flat at 106.85 as bearish sentiment dominated the market during the Chinese Dr

A private shareholder in the Fannie Mae and Freddie Mac (FMCC) has filed a lawsuit on Monday and experts say that a series of lawsuits are expected to be filed by the aggrieved investors.

The complaint filed in the U. S. Court of Federal Claims in Washington showed that government's placement of Fannie and Freddie into conservatorship in September 2008 was favourable for the economic development of the country but it takeover of the corporation destroyed common stock value in the market.

According to the latest figures, the US dollar has weakened against a basket of major currencies early in Asia on Thursday to about its lowest level in four months.

The dollar was under pressure due to investor uncertainties over Federal Reserve's stimulus programme. The dollar index, was trading at 80.936 after falling to as low as 80.748, which is its lowest level since 20 February, 2013. The index has fallen 4 per cent from a high of 84.498 set on 25 May, 2013.

Telford Homes has said that it has raised about £20 million through a share placing as it aims to boost its operations in the British capital, London to cater to the growing demand for new homes.

The London-focused house builder is aiming to speed up its projects to developer houses faster to its customers. The company, which is listed in the junior stock market, placed the new shares at 250p that is about 0.8 per cent discount from Tuesday's closing price of 252p.

Chancellor George Osborne has indicated that the government will soon start selling its holding in the Lloyds Banking Group.

It is believed that Osborne will announce in his Mansion House speech on 19 June, the government plans to sell stake in the banking group. IT is now know as to how much of the Government's 39 per cent stake in the bank will be sold. Some suggest that the government might sell 10 per cent stake, which is valued at about £17 billion, in the bank within this year.

Sainsbury's, leading supermarket chain in the UK, has recorded an increase in sales backed by its focus on becoming convenience store and online sales.

Sainsbury's has been able to attract customers with its 'Live Well for Less' offers for the customers looking to save at difficult economic times. The chain recorded a growth in the convenience store and online business sales growth in the 34th quarter.