Archive for May, 2012

  • Will France Become the Next Country to Endure a Property Slump?

    May 31st, 2012

    An article in The Telegraph suggested France could be on the brink of a significant property market slump earlier this month, with Pierre Sabatier from consultancy PrimeView stating prices could drop by as much as 40 per cent over the next decade. He explained an ageing population will contribute to the decline in the French real estate sector, with more people selling homes than buying. Mr Sabatier pointed out the majority of purchasers are under the age of 58, while those in the older age bracket account for most of the vendors in the nation….

  • Spain Keeps Pressure On Euro

    May 31st, 2012

    Drawing attention away from Greece’s seemingly limitless problems was a reminder that Spain is also in dire financial straits. The brunt of these concerns were caused by the indicative cost of borrowing for Spain soaring as investors worried about its deficit. Any further problems in Spain have received a temporary reprieve, however, as the EU Commission have stated the possibility of giving Spain more time to reach an agreed EU Deficit target, with the commissar of EU economic affairs stating that he is ready to increase Spain’s deadline by on…

  • Bulgaria’s Cannes 2012 Star: I Have Never Even Dreamed of Such Success

    May 31st, 2012

    Ilian Metev, the young Bulgarian director, whose documentary “Sofia’s Last Ambulance” landed the Critics’ Week Visionary award in Cannes this year, says the hype has exceeded his bravest dreams. “I have been incredibly impressed by the reactions of the audience and the critics. Every time the movie was screened all people were visibly deeply moved,” Metev told Dnevnik daily. The strong emotions the film provoked showed in the long and inspiring conversations which Metev held in the framework of the festival: “As far as the critics and the medi…

  • Cautious approach to credit cards

    May 30th, 2012

    30 May 2012 Last updated at 05:17 ET The figures on lending to individuals in the UK are released by the Bank every month Continue reading the main story Your credit rating questions answered Tips on how to handle your debts Q&A: Payday loans Debt questions answered Credit card lending in April recorded its biggest monthly contraction since August 2006, Bank of England figures show. Repayments outstripped new borrowing by £118m, although lending through loans and overdrafts grew. The figures offer further evidence of families taking a …

  • Market report Tuesday 29th

    May 29th, 2012

    Yesterday saw a relatively quiet day on the markets with much of Europe on a holiday and US markets closed for Memorial Day. Having said that we still saw some movements in the currency markets with Sterling rising against the Dollar and falling against the euro, though the single currency’s strength was short lived.Opinion polls released earlier in the day had shown that there was further support for a pro-bailout party in the up and coming Greece elections. With sterling benefitting from the doom and gloom in Europe any level of positive se…

  • Now the storm has broken

    May 29th, 2012

    IN APRIL 2010 asset manager Toscafund issued a discussion paper carrying the title “Storm clouds darkening over Cyprus“. This was not a meteorological warning, but an economic one. The piece argued that two forces in combination threatened to send the Republic’s economy into a recession as challenging as anything it had faced since the devastation of the 1974 Turkish invasion. On the one hand we cautioned the Republic of Cyprus (RoC) was vulnerable through its varied banking channels to the extremely unpleasant economic events unfolding …

  • Manara ‘committed to affordable housing’

    May 29th, 2012

    Bahrain-based Manara Developments is committed to work in close partnership with the public sector to continuously seek and develop affordable housing solutions in the Kingdom, its managing director said. Dr Hasan Al Bastaki expressed his gratitude to Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa on the interest and support for Manara’s current projects and all the relevant details within the current and future projects. ‘The wise guidance from the Deputy Prime Minister during the inauguration of Bahrain’s Real Estate Exhibition…

  • Panorama receives sell-out response

    May 29th, 2012

    Panorama at The Views, the newest residential project launched by Emaar Properties, has recorded a sell-out response, with all residences released for sale bought by customers who attended the Emaar Sales Centre on the opening day. The overwhelming response to the launch of the residential project is a strong demonstration of the investor confidence in Emaar’s project development competencies, and the growing demand for real estate in Dubai’s prime locations, a statement from the company said. For Panorama at The Views, Emaar offers seve…

  • Some holiday money rates ‘unfair’

    May 29th, 2012

    25 May 2012 Last updated at 07:37 ET Please turn on JavaScript. Media requires JavaScript to play. James Daley, editor, Which? Money: “There are really large regional differences” Continue reading the main story Explaining the ways to complain Lining up a queuing strategy Hong Kong’s toy story Can all the supermarkets be cheapest? Some currency exchange providers are being “unfair” by offering different rates at different branches across the UK, a consumer group says. A relatively small test survey by Which? found differences of up t…

  • Greek Meltdown Moves Gold Prices

    May 29th, 2012

    Commodities experts are speculating on Greece’s possible exit from the euro and its expected impact on gold prices. Recent talk of a “Grexit” by Greece’s Prime Minister is driving more investors out of gold and into the dollar, which is pushing the value of the metal down. While the near term holds little promise, market analysts note the historical movement of gold and the likelihood of large gains following pullbacks in price. To answer questions of when to buy, one expert points out that gold is hovering below $1,600 per ounce for t…

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