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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, demand for rental accommodation in London remains steady as young professionals are increasingly unable to buy within the M25. Although rental costs decreased in central London (zone one) this year, rent in outer London remained stable. London maintains its position in the top five most expensive for rental accommodation in the world (4th), followed by Moscow, Zurich, Geneva and Dublin. ECA’s annual rental accommodation report analyses the rental prices for an unfurnished, mid-mar...

House prices are down, but rents are high, according to a new report from the home-rental website Padmapper . The three most expensive cities in the country are Toronto, vancouver and  Burnaby Toronto is the most expensive city in Canada for one home and vancouver the most expensive for two. Toronto rents are $2,260 for one and $2,850 for two. The rent in vancouver is 2,100 yuan for one room and 3,260 yuan for two rooms.  Burnaby  rents are also very expensive, at $1,570 for one and $2,240 for two. In benaby, near vancouver, rents are up 11% a year. If you look at listings on the site, there are 305 homes available for rent in  burnaby , compared with 1,300 in vancouver. Obviously, benaby has a much smaller supply of rentals, so it’s no wonder prices keep rising. Manchu ranked fourth, with one and two bedrooms priced between $1,500 and $1,780. Victoria was fifth at $1,390 for one and $1,730 for two. The rent in Windsor, Ontario is very chea...

​ ​ 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 was actively rectification, Germany still remained in the crisis, which cast a shadow over Germany’s financial stability. Germany’s finance ministry, which bailed out commercial Banks during the financial crisis and now owns 15 per cent, believes a merger would strengthen Frankfurt’s position as a financial centre, with New York’s Cerberus Capital Management, deutsche bank’s majority shareholder, backing the plan. Olaf Scholz, Germany’s finance minister, said i...

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 and shenzhen port flux and bond market channels into the territory of China, and start on the RMB exchange rate prediction, but investors don’t ignore the basic factors of the yuan, is China from trade surplus to a trade deficit of factors make the weak yuan.” Against the yuan, Taylor said the dollar is flat this year and will weaken in the longer term, which is good news for non-dollar assets. The renminbi may be overvalued against the dollar, according to data released yesterday by nomura, the international inve...

There were 100 new bond listings which raised $42.87b. The Singapore Exchange recorded an 8% MoM increase in its securities daily average value (SDAV) to $1.06b in February, hitting its six-month high. However, it was still down 39% compared to the figures in February 2018. The bourse’s total securities market turnover fell 12% MoM and 42% YoY to $19.1b over 18 trading days. The market turnover value of Exchange Traded Funds (ETFs) also crashed 52% MoM and 70% YoY to $103m. For derivatives, total volume dipped 2% MoM and rose 1% YoY to 18.2 million. SGX noted that there February saw 1 Catalist listing and 100 new bond listings which raised $42.87b. The total market capitalisation value of the 740 listed firms hit $970.84b as of end-February. Via: BUSiNESS -News Contact Us ADDRESS▼ 200 Jalan Sultan #02-33, Textile Centre Singapore 199018 PHONE ▼ 6291 6868 EMAIL ▼ enquiry@emvertex.com FAX ▼ (65) 6293 9018 WORKING HOURS ▼ Monday –  Saturday :  ...

Radical tax proposal by the New Economics Foundation backed by shadow chancellor The tax-free personal allowance, which rises to £12,500 in April, should be scrapped and replaced with a flat payment of £48 a week for every worker, according to radical proposals welcomed by shadow chancellor John McDonnell. The proposal, from the New Economics Foundation thinktank, is for a £48.08 “weekly national allowance,” amounting to £2,500.16 a year from the state, paid to every worker over the age of 18 earning less than £125,000 a year. The cash would not replace benefits and would not depend on employment. The policy idea has been welcomed by the shadow chancellor, John McDonnell, and the Green MP Caroline Lucas, and would mean that as many as 88% of all adults would see their post-tax income rise or stay the same, helping to lift 200,000 families across the country out of poverty. The weekly payments would be fully funded by the abolition of the tax-free personal allowance, which...

On Tuesday, March 5, 2019, the dollar held on to positive territory after some supportive economic data. The ISM manufacturing index for February was 59.7, above analysts’ estimates of 57.5 and above the preliminary reading. The ICE dollar index rose 0.2 percent to 96.831. Elsewhere, the pound rebounded from earlier losses against the dollar. The British government did not expect any breakthrough from a meeting between British attorney general Geoffrey Fox and European Union chief negotiator Michel Barnier, foreign reports said, triggering an early slide in the pound. Meanwhile, the bank of England said it would begin accepting euro loans from domestic Banks next week, in the latest move to shore up Britain’s financial system. The pound pared earlier losses after bank of England governor Mark Carney said in testimony in the house of lords that market expectations for British interest rates may not be high enough. The pound bounced back to $1.3173 fro...