China to continue home purchase restriction

Note: This section contains information in English only.
Source: China.org.cn

China plans to extend real estate growth's tightening policies after expiration of the current one, according to China's Ministry of Housing and Urban-Rural Development. Last year over 48 cities issued limitations on the number of houses the person can buy to combat speculation and booming prices. Analysts expected China to ease its property restriction measures as a part of fine-tuning of macroeconomic policies to adjust to global slowdown.

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Mon, 05 Dec 2011 08:11:08 GMT

Less jobs and more competition in the City of London

The number of highly qualified staff for one vacancy in the City of London hit the record of the last two years, reported financial services recruitment firm. At the moment there are 5 professionals for each vacancy as compared to 1.7 candidates in the beginning of 2010, according to Astbury Marsden. Banks are decreasing jobs eyeing the global slowdown of the UK economy and spreading

Mon, 05 Dec 2011 13:59:08 GMT

Monti proposes $ 40 bn austerity measures

On Sunday Italian premier Mario Monti's government anticipated emergency austerity measures valued at €30 bn. According to Italian Cabinet's statement, the package consists of proposals aimed at stimulating growth worth €10bn as well as €20bn of structural measures that should be implemented by the end of 2014. The decision comes ahead of European summit due December 9.

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