20
Feb
Posted by Emvertex

The trade and industry ministry said it was maintaining its forecast for growth of 1.5 per cent to 3.5 per cent in 2019, but that it expected growth to be slightly below the middle of the range. Singapore's gross domestic product (GDP) grew 3.2 per cent in 2018, down from 3.9 per cent in 2017, according to the 2018 Singapore economic survey report released by the ministry of trade and industry on feb 15, 2019. The government had previously forecast…

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15
Feb
Posted by Emvertex

Philip Lane, the governor of the Central Bank of Ireland, has received support from the finance ministers of the eurozone to become the new chief economist of the European Central Bank. Lane was the only candidate that was proposed for the job and his position will be confirmed by the leaders of the European Union at a meeting that is scheduled to be held next month. Lane is 49 years old. He will be taking the place of Peter Praet,…

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15
Feb
Posted by Emvertex

Philip Lane, the governor of the Central Bank of Ireland, has received support from the finance ministers of the eurozone to become the new chief economist of the European Central Bank. Lane was the only candidate that was proposed for the job and his position will be confirmed by the leaders of the European Union at a meeting that is scheduled to be held next month. Lane is 49 years old. He will be taking the place of Peter Praet,…

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14
Feb
Posted by Emvertex

Last year, the investment into the blossoming fintech sector of the United Kingdom broke records as the startups of the country reached a new stage in their growth journey. According to the data that was published by In novate Finance today, the private equity and venture capital investment in British fintech increased to an all-time high of $3.3 billion (£2.6 billion), an increase of 18 percent as compared to the levels recorded in 2017. Significantly, the growth in private equity…

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13
Feb
Posted by Emvertex

ASMX, the blockchain based solution to trade private debt, is taking Peer to Peer (P2P) lending platforms to the next level by connecting lending and borrowing communities around the world. Embracing new technology to connect people Recently admitted on to the Gibraltar Blockchain Exchange, ASMX is well underway with developing the innovative blockchain technology with the ability to be seamlessly integrated into existing lending platforms. ASMX aims to enhance a multi-million trading and online lending ecosystem. Currently, regulations specific to…

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11
Feb
Posted by Emvertex

Singapore's straits times index closed down 2.5 per cent today, with benchmark cities such as CIT and Oxley both down more than 16 per cent and China group down more than 10 per cent.In recent months, combined sales of apartments by developers have sent the overall market soaring again, prompting repeated warnings from Singapore officials about the potential for a return of soaring prices. Property prices in Singapore have been rising for more than a decade, and the environment here…

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1
Feb
Posted by Emvertex

On Wednesday,, January 23, 2019, traders speculated on the possibility of a ‘no deal’ Brexit waning as the sterling rose to a two month high against the dollar. The pound rose at 1.3079 against the dollar as noises from both Davos and Westminster suggested that a softer Brexit was possible. In London, Jeremy Corbyn, the leader of the Labour Party, held a meeting with backbenchers behind a plan to stop the United Kingdom leaving the European Union without an agreement.…

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30
Jan
Posted by Emvertex

PRICES of completed private apartments and condominiums in Singapore edged up in December by 0.1 per cent from the previous month. This is the first month-on-month price rise for such properties since August 2018, following a revised 0.5 per cent drop in November. The figures are flash estimates released on Monday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. December's uptick was driven by a 0.2…

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22
Jan
Posted by Emvertex

"While uncertainty over the global political and economic situation may continue to hold back the housing market, equity release will still be a sensible solution for many" 86% of advisers expect 2019 to be another record year for equity release, according to research from Canada Life, as figures from Key show that the market has doubled in size in just three years. Key's figures show that retired homeowners released £3.6 billion in new property wealth last year, but would reach…

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