News
Tough year predicted for French property market in 2012
With Credit Agricole, one of France’s biggest banks, forecasting a national fall in property prices of 5 to 6% next year with an 8% fall in overall sales, the French real estate market could face a tough year.
US pending property sales surged in October, latest data show
Pending home sales in the United States rose strongly in October and remain above year ago levels, according to the latest figures from the National Association of Realtors.
World Bank to Finance Private Sector Growth Policies in Rwanda
The World Bank Board of Executive Directors approved financing to the Government of Rwanda in the amount of US$125 million. The Eighth Poverty Reduction Support Financing (PRSF-8) will help the Government’s implementation priorities in its medium term strategy, the Economic Development and Poverty Reduction Strategy (EDPRS). Given Rwanda’s status as a blend country, US$60 million of the funds are on IDA grant terms and US$65 million are on IDA credit terms.
Central bank refutes rumors of discontinuing financial firms
The banks supervising agency of the State Bank of Vietnam on Tuesday denied recent rumors of abandoning financial companies in the country.
Fears emerge of property price falls in China
Property risks are overshadowing China's economic outlook as a slowdown in sales threatens to trigger developer collapses, according to the Organization for Economic Cooperation and Development.