15
Apr
Posted by Emvertex

As us trade talks with China draw to a close, the us has turned its trade focus to Europe, proposing tariffs on $11bn of eu imports in response to longstanding eu subsidies for aircraft maker Airbus. The European Union hit back, saying the us figure was "overblown" and was prepared to retaliate, raising transatlantic trade tensions again. The United States trade representative (USTR) on Thursday proposed tariffs on $11 billion worth of European Union imports, including commercial aircraft, cheese and…

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9
Apr
Posted by Emvertex

The International Monetary Fund today revised down its forecast for U.S. economic growth this year to 2.3 percent. But the international monetary fund says the United States will still outpace other advanced countries as the global economy slows. In its quarterly World Economic Outlook, the imf said growth in the World's largest economy, the United States, would be revised down to 2.3 percent this year from an estimate of 2.5 percent in January, but remained relatively strong.The report also warned…

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1
Apr
Posted by Emvertex

Metropolises that have seen property prices tumble as a result of the global economic slowdown are attracting attention.If the downward trend continues, it could reduce the willingness of homeowners to spend.Then there is the fear of financial chaos. The median price of a Manhattan apartment in central New York fell 5.8% to $999,000 in the fourth quarter from a year earlier, the first time it has fallen below the $1 million mark since the third quarter of 2015 (July to…

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27
Mar
Posted by Emvertex

Sales of luxury homes in the vancouver real estate market began to decline in early 2019, but Sotheby's saw promise in potential buyers. The most expensive homes in vancouver's real estate market are still falling in sales and prices in the first few months of 2019, according to yipinmeifang, a luxury real estate agent trying to see the future in the market. According to a report released on March 20th by Sotheby's Canada, the number of sales of luxury properties…

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25
Mar
Posted by Emvertex

SINGAPORE - Smaller declines in private road transport and accommodation costs caused headline or overall inflation to go up slightly to 0.5 per cent year on year in February, up from 0.4 per cent in the previous month, data released on Monday (March 25) showed. Core inflation - which strips out private transport and accommodation costs - showed a reverse picture and came in a tad lower at 1.5 per cent last month, down from 1.7 per cent in January.…

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20
Mar
Posted by Emvertex

Rent in Manchester most expensive outside of London, 30th in Europe Birmingham sees biggest rent increase in the UK, up £110 per month Edinburgh re-enters top 50 most expensive rent in Europe Dublin rent enters top five most expensive in Europe Rent in London is the most expensive in Europe for expats, averaging USD 7,189 (£5,187) per month for a three-bed home according to the latest annual research published by global mobility experts, ECA International (ECA). Despite uncertainty around Brexit,…

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19
Mar
Posted by Emvertex

House prices are down, but rents are high, according to a new report from the home-rental website Padmapper. The three most expensive cities in the country are Toronto, vancouver and Burnaby   Toronto is the most expensive city in Canada for one home and vancouver the most expensive for two.   Toronto rents are $2,260 for one and $2,850 for two. The rent in vancouver is 2,100 yuan for one room and 3,260 yuan for two rooms. Burnaby rents are…

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18
Mar
Posted by Emvertex

Deutsche bank and commerzbank, Germany's two largest private Banks, announced today that they are in merger talks. The historic merger, despite government support, leaves open the question of whether it will create internationally competitive big Banks. Germany's financial industry was deeply hit by the global financial crisis in 2008. Deutsche Bank, the largest Bank, suffered a series of losses in recent years and broke out in the money laundering scandal. After tens of thousands of job cuts at Commerzbank, which…

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11
Mar
Posted by Emvertex

Radical tax proposal by the New Economics Foundation backed by shadow chancellor The tax-free personal allowance, which rises to £12,500 in April, should be scrapped and replaced with a flat payment of £48 a week for every worker, according to radical proposals welcomed by shadow chancellor John McDonnell. The proposal, from the New Economics Foundation thinktank, is for a £48.08 “weekly national allowance,” amounting to £2,500.16 a year from the state, paid to every worker over the age of 18…

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26
Feb
Posted by Emvertex

A growing number of non-regional [GCC] organisations are turning to Islamic Finance, and in particular to sukuk instruments, to raise funds for their infrastructure and development projects, affirms a leading UAE-based investment banking expert. The comments from Zahid Aslam, Managing Director of Investment Banking at Dalma Capital Management Limited, come as the firm reports an almost one-third jump in enquiries regarding Sharia-compliant bond issuances from corporations outside of the GCC. The news follows S&P Global Ratings predicting in January the…

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