Bad News for British Housing Market While Scotland may be doing well in the economic recovery sphere vis-à-vis employment, the picture doesn’t look quite as pretty when you turn to Britain’s housing market. Indeed, just since 2007, prices have dropped by £40,000 and there isn’t expected to be any improvement until around 2015. Just in… Continue Reading
It looks like there will be less singing on for the Scots. Figures for unemployment are going down in the country. Indeed, there was a significant increase in permanent job recruitment in Scotland last month, which is actually the “strongest labor market conditions for more than three years,” according to a survey carried about by… Continue Reading
It’s not like Gap Inc. – the popular American clothing company – hasn’t already gone global already. It has. But now there is even more potential global growth in the company. Recent announcement from the company was that it will be traveling to both Serbia and Ukraine before the end of the year. The first… Continue Reading
Reliance Industries Goes for Big Bucks Reliance Industries Limited (RIL) is looking into developing partnerships with “global players” in New Delhi in an attempt to get some of the big bucks the country is making in the area of financial services. RIL in India is the country’s biggest “private sector enterprise, with business in the… Continue Reading
News from Emkay Global Financial Services is that it is “bearish on Canara Bank (CBK).” In a research report from May 5 of this year, it has “recommended reduce rating on the stock with a target of Rs 560.” Apparently, CBK’s profits were lower than anticipated, probably due to a decrease in NIM’s which dropped… Continue Reading
It looks like the global economy is still on the road to recovery. Problem is, that road might be getting somewhat slippery according to Jan du Plessis (chairman of Rio Tinto). He says that markets around the world, “remain fragile.” He spoke about this at today’s yearly miner’s meeting that took place in Perth. Although… Continue Reading
UK’s 1981 Economy Things were pretty bad economically 30 years ago just before Charles – probably somewhat regrettably – said “I Do” to Diana. But according to a recent study comparing the economics of the time between the two royal weddings spanning the last three decades, things for Britain’s economy were “beginning to turn a… Continue Reading
Over quarter of a million low-paid workers will be sure to benefit from the introduction in Hong Kong of a minimum wage. This is approximately 10 percent of the working population who will have to earn at least HK$28 ($US3.60) an hour and is an attempt to “narrow the territory’s wealth gap.” Of course however,… Continue Reading
According to today’s figures from the Office for National Statistics (ONS), the UK economy only grew by 0.5 percent between January and March 2011. But apparently this wasn’t too much of a surprise and is pretty similar to what happened during 2010’s last quarter, which was blamed on poor weather conditions. But in terms of… Continue Reading
More bad news about the dollar. Just today it has depreciated further to “three-year lows.” This has resulted in US crude oil jumping to a 2 ½ year high and rising Asian stocks “as investors bet that the easy U.S. monetary policy will continue to drive money to riskier assets.” It is anticipated that the… Continue Reading