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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29
Mar
Posted by Emvertex

The international trade deficit narrowed from its all-time high, Posting a gap of 4.2 billion yuan in January, mainly due to higher oil exports, Statistics Canada said Wednesday. The statistics bureau also revised the actual balance of international trade in December to 4.8 billion yuan from 4.6 billion yuan, the largest ever recorded by Canada. The value of imports inched up 1.5 per cent in January from the previous month, but exports almost doubled, the report showed. It had a…

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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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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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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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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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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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12
Feb
Posted by Emvertex

PHOTO: YEN MENG JIIN Real estate investment projects have always been the investment target options. With the heart of Asia, Singapore has always been the long-term target for investors in terms of geographical conditions, social structure, industrial development and proportion of foreign investment. [caption id="attachment_673" align="alignnone" width="700"] Singapore real estate[/caption] Analysts are bullish on a new outlook for this property investment class, with the latest housing policy being implemented by the Singapore government on July 6, 2018. The revised rules…

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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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