News

The Pound has failed to gain on its recent rally this week, showing no further improvement against most major currencies.   This comes despite negative data elsewhere, particularly in the USA, where yesterday’s non-farm payrolls (the main monthly measure of job creation in the States) came out far worse than expected. Usually, we would expect […]

The Heights Phuket condominium development has been completed and is now open for all residents. The award-winning condo on Thailand’s PhuketIsland, undertaken by developer RaimonLand, is one of the few new condo developments that is expected to open this year on time and on budget.   The 51 luxury condominiums at The Heights are nestled

Private property transactions in Singapore rose in May to 1,688, which is close to the all-time record of 1,731 that was reached in August, 2007. The Urban Redevelopment Authority (URA) data is an encouraging sign that the property market in Singapore is already on the rebound.   Analysts note that the rise in sales is

Brazil plans to cut the TJLP long term interest rate to 6% from 6.25% at its meeting on June 30, according to Finance Minister Guido Mantega. The move is set to be ratified by the National Monetary Council, or CMN, and is intended to stimulate investment among Brazilian companies. The council reviews the TJLP every

Over the past year an increasing number of city dwellers are making plans and moving to the countryside. According to Knight Frank, since June, 2008 the number of people who have planned to move out of London has increased by nearly 10 percent. And that means going farther out, as well, according to a recent

Dubai’s Monarch Hotel on Sheikh Zayed Road plans to auction off hotel rooms in an effort to increase visits and entice potential guests to its five-star property. Hotels in Dubai have been hit hard by the global economic downturn and this is seen as one way to attract both attention and potential customers.   Arshad

US President Barack Obama plans to head to Italy for the next G8 summit in July, which will take place in L’Aquila from July 6 – 8. The summit has been moved from the original host city of La Maddalena to L’Aquila in support of the area after an earthquake struck on April 6th. L’Aquila

The Italian city of Trieste is hosting the G8 Foreign Ministers from June 25 to June 27. Over 40 national delegations plan to be at the Trieste Foreign Minister’s Meeting, which is the major occasion for political talks among the foreign services prior to the L’Aquila Summit.   Trieste is along the northeast Italian coastline

Now that the summer holiday season is upon us, the French Riviera is a wonderful place to visit, relax and enjoy the many celebrities who spend time here. Stretching for some 160 kilometers from Monaco and the border with Italy in the east down past Nice and Cannes, this fabled coastline is a popular holiday

German business confidence rose for the third straight month, providing hope that the recession in Europe’s largest economy may be easing. The IFO Institute in Munich released its business climate survey, which increased from 84.3 in May to 85.9 in June. The index is based on a survey of 7,000 executives, and it had reached