News

The age of the atom

One of the founding principles of traditional economic theory, is that when making economic decisions, we are independent. Like self-contained atoms in a gas, we only interact by bumping up against each other in the marketplace. In the 19th century, neoclassical economists such as William Stanley Jevons and Léon Walras were directly inspired by the…

Cameron says Britain must heed Greek warning

Prime Minister David Cameron has told Britons the scale of the country’s budget problems is even worse than he had anticipated and cited crisis-hit Greece as an example of the risk of failing to act. Cameron painted a bleak backdrop two weeks ahead of an emergency budget in which his coalition government will give more…

BREAKING NEWS: Orban ready to restucture

The Hungarian government’s economic action plan to be published after a release of its report on the budget will contain steps to improve the financial situation and structural changes, Prime Minister Viktor Orban said recently. “It cannot be about…an adjustment, about patching up (the economy)…measures aimed at improving the financial situation must be linked with…

Hungary govt plans steps to improve economy

The Hungarian government’s economic action plan to be published after a release of its report on the budget will contain steps to improve the financial situation and structural changes, Prime Minister Viktor Orban has announced. “It cannot be about…an adjustment, about patching up (the economy)…measures aimed at improving the financial situation must be linked with…

Canada GDP growth seen at 3.3% this year

“There is no firm plan to go forward this year with respect to interest rates. We just have to watch and wait and see,” Flaherty told reporters in an interview in Shanghai. He said Canada’s GDP was expected to grow 3.3 percent this year, up from an expectation of around 2.9 percent previously. The Bank…

Euro rates at 0900 GMT

Current High Low USD 1.2135 1.2309 1.2116 JPY 109.94 112.26 109.77 GBP 0.839 0.8474 0.8385 CHF 1.4171 1.4221 1.4158 DKK 7.439 7.4399 7.4386 NOK 7.9468 7.9662 7.9305 SEK 9.6366 9.643 9.579 AUD 1.4625 1.4666 1.4504 CAD 1.2766 1.2852 1.2769 HKD 9.4542 9.583 9.4423 RUB 38.0455 38.098 37.9 SGD 1.7178 1.7241 1.7163

Eurozone factory PMI sinks, output growth slows

The 16-nation bloc and its common currency have been hit by waves of investor insecurity churned up by the region’s debt crisis and fears that troubles in Greece may be spreading to other peripheral eurozone economies. “There has been a slowdown in growth globally and in the eurozone there is subdued domestic demand due to…

How to Market Your Rental Property

Marketing your investment rental property requires only a few decisions.  How much rent to ask, where to advertise, the length of your lease, improvements to be made and do you need to stage the property?  The answers to these questions also depend on the current market environment. Determining the asking rent is the most important piece. …