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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4
Jun
Posted by Emvertex

South Korea's gross domestic product unexpectedly shrank 0.3 percent in the first quarter from the previous quarter, its worst quarter in a decade, led by falling investment, a weaker technology sector and falling exports. Economists polled by Reuters did not expect the south Korean economy to contract, with the median forecast for a modest 0.3 percent growth. GDP grew at an annualised rate of just 1.8 per cent in the first quarter, below expectations of 2.5 per cent. Exports, which…

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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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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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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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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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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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12
Mar
Posted by Emvertex

Global asset management (DWS) said on March 11 that the yuan will still fall against the dollar this year as China's economy has not yet stabilized, and it expects the yuan to remain at 7 yuan to the dollar for a year.   March 11, according to Reuters news, DWS (former deutsche asset management) Asia Pacific investment director Sean Taylor has said at the press conference: "the recent relatively strong, due to the vision will have more capital market cycle…

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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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