Western Australia Wins Based on last month’s CommSec State of the States quarterly report, it seems that hands down, out of the whole country, Western Australia’s economy is the strongest. The way the economic growth test was undertaken was to investigate the following issues: construction work; dwelling commencements; economic growth; equipment investment; housing finance; population… Continue Reading
Currently in the midst of negotiations for a $1bn deal is REDAN (Real Estate Developers Association of Nigeria) and Shelter Afrique (a pan-African housing development finance organization). According to a news article on the subject, he deal – if it all goes through – will lead to the construction of 150,000 “low and medium housing… Continue Reading
The European Union has been heaping the criticism on Spain vis-à-vis the way it has been dealing with savings banks and tax policy. But Spain has not taken this lying down. Indeed, according to a Bloomberg article it has been “persuading the EU to water down judgments issued as part of a new economic-policing system.”… Continue Reading
The big wigs met yesterday in Paris with the goal of making peace with Euro authorities vis-à-vis how investors will participate in the Greek sovereign debt reconstruction. According to an article in The Financial Times, this is also meant to ease Greek’s burden as well as make the “banks’ original plan that would have seen… Continue Reading
According to a recent news article in The Irish Central (from newly-released figures from the Irish Small and Medium Enterprises Association [ISME]) it might not be such good news for the Irish government that the black economy is experiencing an intense revival. Indeed, figures showed that this success was actually causing the government “$7billion in… Continue Reading
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
Watch Out for Interest Rates Oh no. They’re at it again. We’re trying to recover from the global economic crisis and it seems the centralized banks can’t leave well enough alone. At least that is what the average man in the street is going to think when interest rates are increased by the European Central… Continue Reading
February’s earthquake certainly didn’t do any favors for New Zealand’s economy. The country’s central bank “sliced half a percentage point of its benchmark interest rate in an effort to limit the short term economic impact” of Christchurch’s quake. Reconstruction costs have been estimated at $11 billion, with a prediction that economic growth will be stunted… Continue Reading
Oil prices rose; Britain’s benchmark stock index plummeted as Muammar Gaddafi “tightened his grip on Tripoli,” yet failing to exert that control over eastern Libya. The premier’s loyal security forces allegedly forced protestors out of the capital’s streets which was undergoing major chaos as close to 300 civilians have been killed according to a Human… Continue Reading