9
Jul
Posted by Emvertex

According to the analysis, England's GDP growth dropped sharply in April, mainly due to a decline in car production, which was caused by the closure of car factories due to the uncertainty of brexit. On June 10th the England office for national statistics revealed that GDP contracted by more than expected in April, the biggest drop since March 2016. England's GDP fell 0.4 percent in April from a month earlier, compared with expectations for a 0.1 percent decline, the data…

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1
Jul
Posted by Emvertex

The Commerce Department said May 23 it is proposing to impose anti-subsidy duties on products from countries that hold down their currencies against the dollar. The move is likely to result in higher taxes on Chinese exports to the us and further intensifies us attacks on global trade rules. Others who could face the same fate include Japan, South Korea, India, Germany and Switzerland. The Federal Register said in a May 23 notice that the new rules would allow U.S.…

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24
Jun
Posted by Emvertex

Governor cuomo's budget amendment would have a revenue shortfall of $2.6 billion. To fill the gap, Mr Cuomo has made adjustments to a number of budget allocations. Mr Cuomo recently announced that income tax revenues for the new fiscal year were $2.3 billion lower than expected because of the poor performance of the stock market and the migration of the wealthy, blaming the new tax law for the problem. State and local taxes (SALT), in particular, are capped at $10,000,…

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18
Jun
Posted by Emvertex

Australian Banks issue "fake silver paper"? Australia's central bank confirmed on Thursday that a new a $50 note issued in October had three places where the word "responsibility" was replaced by "responsibilty", missing an "I". A total of 46 million new notes were printed, many of them out of the market, and it remains unclear how to remedy them. The new note introduces new security features to epitomise Australia's first female mp Edith. Edith Cowan's maiden speech to congress in…

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27
May
Posted by Emvertex

The dollar index rose 1.3 percent in the first two weeks to 98.3, its highest since the middle of 2017, and some experts worry that continued dollar strength will weigh on s&p earnings and hurt stocks further. Savita Subramanian, equity and quantitative strategist at bank of America merrill lynch, estimated in an April 29 report that the dollar's strength this year will reduce the earnings of s&p 500 companies by 2.1 percent, the biggest impact since the fourth quarter of…

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13
May
Posted by Emvertex

Canada's central bank decided to leave interest rates unchanged; The central bank also lowered its forecast for economic growth in 2019, which is expected to show little growth this year. In addition, the central bank removed all comments in its statement about the need to raise interest rates in the future, reflecting that the central bank no longer appears to be in a hurry to raise rates. This is the fourth time in a row that the central bank has…

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25
Apr
Posted by Emvertex

The Swiss national bank (SNB) bucked the trend by issuing a new 1,000 franc note in early march, just as other countries were scrapping large denomination notes. The SNB insists that large-denomination banknotes meet the needs and habits of local people who use cash, and that they are designed to prevent counterfeiting and other illegal activities. The 1,000 yuan note, which has a purple bottom, has been in circulation since March 13. FRITZ ZURBRUEGG, a deputy governor of the central…

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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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