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‘Brexit fatigue’ spurs buying and selling of London homes, leading to asking prices posting their first annual increase in two years

Asking prices for London homes showed their first annual increase since 2017 this month, as the Brexit-battered market started to show signs of life.New seller prices were up 1.3 per cent from a year earlier, property website Rightmove Plc said in a report published Monday. They eased just 0.1 per cent on the month, the smallest decline for any August since 2006.Rightmove said a shortage of supply is helping to underpin prices, with the number of new sellers down almost 11 per cent on the year… Source link

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Global 

US delaying Huawei licences as China stops buying farm goods

The White House is holding off on a decision about licences for US companies to restart business with Huawei Technologies after Beijing said it was halting purchases of US farming goods, according to people familiar with the matter.US Commerce Secretary Wilbur Ross, whose department has vetted the applications to resume sales, said last week he has received 50 requests and that a decision on them was pending.American businesses require a special licence to supply goods to Huawei after the US… Source link

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London-based online agent Dot Residential leverages group buying power to lower costs, simplify buying process

London-based online property agency Dot Residential is seeking to disrupt the traditional British agent model by offering to ­negotiate directly with developers for group discounts on behalf of overseas investors.The online realtor is brokering commission free sales of properties in Manchester, Birmingham, Liverpool and Leeds featuring guaranteed mortgages and three -year fixed rental income.“At Dot we work with leading lawyers, accountants, financiers, builders and manufacturers on our… Source link

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Star Market, a ‘breakthrough in 30-year history of China’s stock market’, gets off to shining start as immediate buying spree takes hold

The Shanghai Stock Exchange’s new Star Market got off to a suitably stellar start on Monday morning as all 25 debutants saw their shares jump.The firms, spanning industries from microchips and biotechnology to artificial intelligence, were greeted by an immediate buying spree as trading opened at 9:30am.Anji Microelectronics (Shanghai) got off to the best start as its shares opened 287 per cent higher than the initial public offering price.The new Nasdaq-style board, which debuted on Monday,… Source link

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Property 

Should Hong Kong, Chinese investors delay buying London property and wait for stamp duty cuts?

A plan to cut stamp duty on home purchases in Britain may just be the boost needed by the slumping London property market, according to analysts. Boris Johnson, who is tipped to succeed British Prime Minister Theresa May this month, is considering a reduction in stamp duty for luxury residential units, according to a report by The Financial Times. “A cut to stamp duty will provide a boost for the London market in terms of volumes of sales, and also pricing,” said Liam Bailey, global head of… Source link

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Chinese Estates’ Joseph Lau pockets US$2 million paper gain after buying shares of troubled developer Future Land

Joseph Lau Luen-hung, the Hong Kong billionaire owner of Chinese Estates Holdings, is estimated to have pocketed HK$15 million (US$1.9 million) of paper gains in a week through an astute punt in one of China’s biggest real estate developers.Fair Eagle Securities, a wholly-owned unit of Chinese Estates, bought nearly 40.9 million shares of Future Land Development Holdings on the Hong Kong stock exchange at HK$7.19 per share on July 4, according to the Hong Kong stock exchange’s CCASS… Source link

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Vietnam 

Shares advance for second day on foreign buying – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An engineer checks a gas collection and distribution system of Hàm Rồng and Thái Bình fields into Tiền Hải industrial park of PV Gas. Shares of the company rose 1.3 per cent on Wednesday. — VNA/VNS Photo Thế Duyệt HÀ NỘI – Local shares rose for a second day, buoyed by foreign trading and positive performance of oil and gas stocks. The VN-Index on the Hồ Chí Minh Stock Exchange closed Wednesday up 0.47 per cent at 973.65 points. It rose 0.3 per cent in the…

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China 

Donald Trump pushed Xi Jinping to commit to buying US farm goods at G20, but Xi avoided firm pledge

In the 80-minute summit between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Osaka last month, Trump pushed for a Chinese commitment to make large-scale purchases of US agricultural products.However, Xi made no specific commitment during the meeting, according to a source who was briefed on the high-stakes meeting, and no purchases have been recorded in the week since.This account reflects the diverging statements made by each side… Source link

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Vietnam 

Body blow for suppliers as Big C stops buying textile products in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of garment and textile suppliers at Central Group Vietnam’s office after the Thai owner of Big C supermarket told them it was suspending purchases their products with immediate effect. — Photo nld.com.vn HCM CITY — Big C Vietnam has suspended local purchase of apparel but clarified it is only temporary and it does not plan to pull out of the garment business. On July 2, Central Group, the owner of the Big C supermarket chain, sent a letter to Vietnamese vendors saying it plans to stop buying garments from…

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Hong Kong stocks’ widening discounts leads to increased buying from mainland traders

Hong Kong stocks now have a potential price catalyst: a widening discount to shares on the Chinese mainland’s exchanges.Shares of mainland companies that have dual listings were now trading at the most expensive level relative to their stocks in the city in 15 months, according to a gauge compiled by Hang Seng Bank that tracks the price discrepancy between the two markets. The widening gap has already attracted mainland traders, who have been loading up on the cheaper stocks through the… Source link

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