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UK property asking prices rise in sign housing market has bottomed out

Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.The 1.1 per cent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 per cent, property website Rightmove said.Britain’s housing market has stumbled since the 2016 Brexit… Source…

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Vietnam 

PetroVietnam and Petronas sign gas agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

PetroVietnam and Petronas signed a heads of agreement (HOA) for sale and purchase of additional gas to Cà Mau gas, power and fertiliser complex. — Photo petrotimes.vn Viet Nam News HCM CITY — Việt Nam National Oil and Gas Group (PetroVietnam) and Malaysian oil and gas corporation Petronas last week in HCM City signed a heads of agreement (HOA) for the sale and purchase of additional gas to Cà Mau gas, power and fertiliser complex. Under the HOA, the complex would receive additional gas of one billion cu.m…

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Vietnam 

Few users sign up for mobile number portability – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Less than 1 per cent of total mobile subscribers have registered for mobile number portability (MNP) services after three months of deployment. — Photo vnexpress.net HÀ NỘI — Less than 1 per cent of total mobile subscribers have registered for mobile number portability (MNP) services after three months of deployment, according to the Ministry of Information and Communications. The MNP service allows users to change networks but retain the same phone number. The Việt Nam Telecommunications…

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Singapore 

3 reasons to sign a prenup in Singapore even if you’re not rich, Singapore News

No matter what they say about the sanctity of marriage, if one of you is sitting on a goldmine of family wealth, there’s a good chance the in-laws are going to insist you sign a prenuptial agreement before you tie the knot. But what if, like most of us, neither of you is the scion of a billion dollar empire? There are still some very good reasons to sign a prenup, particularly to protect the party who is in placed in a worse financial position by the marriage. Granted, the…

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Luxembourg and Hong Kong sign mutual fund recognition agreement to ease cross border sale

Luxembourg, the largest fund centre in Europe, has signed a mutual funds recognition agreement with the Securities and Futures Commission aimed at encouraging more cross border fund sales. Luxembourg’s Minister of Finance Pierre Gramegna told the Post in an exclusive interview on the sidelines of the Asian Financial Forum that the agreement is an important development for the fund industry in both markets. The agreement signed between Commission de Surveillance du Secteur Financier (CSSF) and the SFC on Tuesday, will allow the two regulators to have deeper cooperation in exchanging…

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Qatar Airways takes 5 per cent stake in China Southern Airlines in sign that Beijing is encouraging more foreign investment

Qatar Airways has grabbed a stake in China’s biggest airline, in a sign that Beijing is encouraging more foreign investment while shaking up state-owned enterprises (SOEs). The Doha-based carrier announced on Wednesday it had acquired certain A and H shares in China Southern Airlines for an undisclosed sum on December 28 last year, giving it a 5 per cent stake in the Guangzhou-based company and cementing its interests in the second biggest aviation market in the world. In recent years, Qatar Airways has built up significant stakes in foreign carriers.…

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Property 

Hong Kong sells third housing plot on disused airport runway at 12.7 per cent discount, in another sign of property market woes

Hong Kong’s government, which relies on land sales for a substantial part of its revenue, has sold its final residential plot for the year at a 12.7 per cent discount to market valuation, in a further sign of the city’s cooling property market. Kai Tak Area 4B Site 2, the third plot for sale in the former airport’s disused runway, sold for HK$8.03 billion (US$1.03 billion) to a unit of China Overseas Land & Investment, according to an announcement by the Lands Department. Six bids were submitted for the tender,…

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China 

China’s car sales drop for sixth straight month with November’s 18 per cent decline a further sign of slowing economy

Car sales in China plunged for a sixth consecutive month, intensifying pressure on global carmakers that have staked their future growth on the world’s largest car market. Retail sales of saloons, multipurpose vehicles and sport utility vehicles dropped 18 per cent to 2.05 million units in November, the China Passenger Car Association said on Monday. The size of the fall means the market is all but certain to have its first annual decline in at least two decades. With the trade war with the US showing no signs of abating,…

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China 

US stocks lose sway over Chinese equities as two markets show sign of decoupling

When Chinese President Xi Jinping meets his US counterpart Donald Trump this weekend to resolve the trade dispute, he would have one other bargaining chip: the decoupling between the two nation’s stock markets. The influence US stocks can wield over Chinese equities has been waning. The 30-day correlation between the Shanghai Composite Index and the Standard & Poor’s 500 Index dropped to a three-month low this week, according to Bloomberg data. Only in October, the correlation between the two hit its highest level this year. The divergence further strengthened on…

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Vietnam 

Bamboo Airways and Petrolimex’s subsidiaries sign MoU – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Bamboo Airways and Petrolimex Aviation signed a memorandum of understanding. — VNS Photo Viet Nam News HÀ NỘI — Bamboo Airways  Company Limited, a member of FLC Group, signed a memorandum of understanding (MoU) for co-operation with the Petrolimex Insurance Company (PJICO) and Petrolimex Aviation Fuel Joint Stock Company. The MoU was signed last week in the central province of Thanh Hóa. Under the terms, Bamboo Airways would give priority to use non-life insurance products of PJICO such as airplane insurance, airline liability insurance, machinery insurance and others…

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