News

London property price increases continues with Greek buying frenzy heading up foreign demand

Prime property prices in London rose 1.3% in April and are now 21% higher than their post-crash low reached in March last year, the latest index shows.

Deposits skip around from bank to bank

Depositors, especially businesses with large sums, have gained the initiative in bargaining for interest rates, leaving commercial banks at the mercy of short-term depositors who are here today, gone tomorrow.

Central bank likely okays negotiated lending rate soon

Central bank Governor Nguyen Van Giau met with bankers in Hanoi and HCMC last week to collect their ideas on how to apply negotiated lending rates to short-term loans before officially launching this policy.

Further fall for Dubai property prices predicted by experts but there are signs of rental recovery

Property prices in Dubai are expected to fall further in 2010 due to oversupply, according to a new poll, but rental prices are rising and expected to hold their own.

As lending interest reaches new heights, some firms borrow from employees

Not quite a month since the State Bank freed banks to charge a negotiated rate on medium and short term lending, those rates have risen to the 18-20 percent per annum range.