April, 2016

• 10 April

  The Fed should lower interest rates

  Narayana Kocherlakota The steady improvement of the U.S. economy has led many to conclude that the Federal Reserve should keep removing stimulus by resuming interest-rate increases this year. I disagree: With inflation pressures low, there’s a lot more the Fed can and should do to get people back to work. To understand my point, consider three charts. The first shows ...

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• 10 April

  What Hong Kong reveals about ASEAN’s economic future

  The independence of Hong Kong’s economy, its transparency and its makeup has made it a regional benchmark for market players looking at the broader economic outlook. That was the case in the aftermath of the 1997/98 Asian Financial Crisis and the 2008 Great Recession. As the fallout from last’s year’s Great Fall of China continues, the former British territory is ...

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• 10 April

  Stringent Shanghai homebuyer rules for outsiders as prices zoom

  

  Bloomberg Shanghai unveiled a package of measures designed to stem a surge in property prices in the metropolis, underscoring how regulators in top-tier cities are shifting gears in an economy where housing has been a brake on growth in recent years. The local government will tighten approval criteria for non-resident homebuyers, raise down-payment requirements for some second homes and ban ...

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• 10 April

  China researcher sees downside risks in realty sales

  

  Bloomberg There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said. The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, said at a conference in ...

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• 10 April

  Emaar’s new Dubai tower to be ‘notch taller’ than 828-metre Burj Khalifa

  

  Bloomberg The tower designed by Spain’s Santiago Calatrava Valls that will be the centrepiece of Emaar Properties’ Dubai Creek Harbour development will be taller than the 828-metre tall Burj Khalifa. “It will be a notch taller than the Burj Khalifa,” said Emaar Properties chairman Mohamed Alabbar speaking at a briefing at the Dubai Creek Harbour site on April 10. Alabbar ...

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• 10 April

  Average US rate on 30-year mortgage falls to 3.59 percent

  WASHINGTON / AP Average long-term U.S. mortgage rates slid last week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season. Mortgage buyer Freddie Mac said on Saturday the average rate on a 30-year, fixed-rate mortgage fell to 3.59 percent from 3.71 percent last week. The benchmark rate was far below the 3.66 percent level ...

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• 10 April

  How to solve the housing crisis: Hire more lawyers

  

  Bloomberg In the overheated U.S. housing market, just complaining about a leaky ceiling can land you on the street. Randy Dillard was living with five kids in a four-bedroom house in the Bronx when he informed his landlord of a persistent drip. Dillard rented his $1,800-a-month home near the New York Botanical Garden with help from the federal government’s Housing ...

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• 10 April

  Aviation experts to propose modern safety strategies

  

  Dubai / Emirates Business International aviation specialists will convene this April in Dubai at the 4th edition of the World Aviation Safety Summit, to propose new procedures for enhancing a culture of safety across the industry. Global experts will analyse how the sector can ensure that safety is standardised and best practice is implemented worldwide, particularly as airlines in emerging ...

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• 10 April

  UAE schools preparing students for ‘life after school’

  

  Ritika Sharma / Emirates Business UAE has a comprehensive education system and its competency is recognisedworldwide. Taking a step forward, Dubai-based Academia Management Solutions International (AMSI) has launched ‘AMSI Voices’ — a programme aimed at harnessing the benefits of corporate networking by bringing alumni of different schools under one roof. The annual event will aim at bringing together alumni and ...

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• 10 April

  Manazel venturing into Jordan’s lucrative middle-class segment

  

  Sunaina Rana / Emirates Business UAE-based leading real estate company Manazel is all set to venture into overseas in search of new market. Manzel has recently announced its new project in Jordan aiming at the mid-segment market. “As it has been witnessed that Jordan is experiencing exponential growth, and our new venture ‘Manazel Amman’ is our effort to provide affordable ...

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