December, 2016

• 28 December

  Mexico gasoline prices to surge by the most in two years

  

    Bloomberg Mexico will raise gasoline prices by as much as 20 percent in January, stoking inflation that’s already running at the fastest pace in almost two years. A month after the increase is implemented, prices will start to adjust on a daily basis as the government loosens its control of the gasoline market, the Finance Ministry said in an ...

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• 28 December

  Manhattan luxury co-ops fall out of favour

  

    Bloomberg The luxury Manhattan co-op, a longtime sign of real estate prestige and exclusivity in New York, may be losing its appeal. Blame a glut of newly built high-end condos. Contracts for co-op apartments priced at $4 million or more fell 25 percent this year from 2015, as buyers with means opted for newer homes with more amenities and ...

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• 28 December

  UK house prices may barely rise as Brexit weighs on economy

    Bloomberg UK house prices may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax. The mortgage lender sees housing demand easing in 2017, partly as tax changes and stricter underwriting standards restrict buy-to-let investment. It also highlighted the market in London, saying adverse affordability means the ...

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• 28 December

  Brexiteers push for better EU-UK trade deal

  

    Bloomberg Supporters of Britain’s exit from the European Union wrote to business groups in the 27 other nations in the bloc urging them to push their governments for a “sensible agreement” for trade after Brexit to avoid disrupting trade. “Many EU member states export significant amounts of goods to the UK and the erection of barriers to this trade ...

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• 28 December

  Home prices in 20 US cities surge 5.1%

  

    Bloomberg Home prices in 20 US cities maintained a steady pace of increases in October while a gauge of nationwide property values rose by the most since mid-2014, according to S&P CoreLogic Case-Shiller data released. 20-city property values index rose 5.1 percent from October 2015 (forecast was 5 percent) after a 5 percent gain in the year through September. ...

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• 28 December

  Apple’s OLED quest hinges on Japan’s countryside manufacturer

  

    Bloomberg Apple Inc.’s quest to adopt advanced displays for its next-generation iPhone hinges on a single supplier in the Japanese countryside. Canon Tokki Corp., surrounded by rice fields in the city of Mitsuke in Niigata prefecture, has a near monopoly on the machines capable of making screens with organic light-emitting diodes, which enable sharp, vibrant displays that use less ...

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• 28 December

  LG to unveil ‘hovering’ speaker at CES

  

    Relaxnews With only a few days to go before the international Consumer Electronics Show (CES) in Las Vegas (January 5-8, 2017), South Korean manufacturer LG has caused a stir with a surprising bluetooth speaker that ‘hovers’ in midair. No, it’s not just a vision statement but an actual object. LG plans to mesmerize visitors to the next CES with ...

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• 28 December

  Echo devices best-selling holiday products this year: Amazon

  

    Relaxnews E-commerce giant Amazon has revealed the best-selling products across Amazon this year, boasting record-setting sales of its Echo gadget line. According to the company, customers “gifted a record-setting number of devices from the Amazon Echo family, with sales up over 9x compared to last year’s holiday season and millions of Alexa devices sold worldwide this year”. The Echo ...

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• 28 December

  Samsung hints new feature for Galaxy A(2017) series

    Relaxnews Samsung Malaysia released an image via the social media network, with water droplets which read “IT ALL BEGINS WITH A. HOLD YOUR BREATH” — hinting that the Galaxy A(2017) will be able to survive being dropped in water. If the teaser rings true, the Galaxy A(2017) will boast an Ingress Protection rating of IP68, and will follow in ...

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• 28 December

  Ten minutes of play sums up Super Mario Run

  

    Bloomberg Nintendo Co.’s debut game for smartphones is turning out to be anything but super. Since its release, Super Mario Run has shot to the top of download charts in more than 100 countries as tens of millions celebrated the iconic video game character’s arrival on iPhones. Yet problems emerged almost immediately, with thousands vigorously complaining that the three ...

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