British companies are planning to increase pay by 2.5% this year
This year, UK private-sector employers are planning to give staff a basic annual pay leap of 2…
Property market brakes price records for 13th straight month in Hong Kong
In November, in Hong Kong, private home prices managed to break historic records for the 13th straight month, with the ascent demonstrating no immediate indications of ending and experts expecting the surge to continue into 2018.
In November, private home prices tacked on by 1.08%, thus marking the fastest tempo of surge for six months. The index that started its ascend in April last year, rallied 13.1% year-on-year.
Hong Kong’s flats are considered to be the second most expensive around the globe after Monaco. As follows from a report unveiled by property consultancy Knight Frank, in Hong Kong US$1 million would only purchase 200 square feet of prime property, versus 270 square feet in New York and 320 in London.
Carrie Lam, Hong Kong leader Carrie Lam told during an interview that the government is unable to suppress property prices. However, she added she would try to spur supply.
Similar
British inflation jumps
The UK’s key inflation rate rallied in February, although stayed close to January's two-year minimum, assisting customers to preserve their spending power even as Brexit was still uncertain…
The Bank of England may support the GBP
The Monetary policy committee of the Bank of England will vote on the level of interest rate and release its monetary policy summary on March 21, at 14:00 MT time.
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
