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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 

Local tra fish exports to the UK up almost 70% in value – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam’s exports of tra fish to the UK surged by nearly 70 per cent in the first quarter of this year. – Photo thitruongthuysan.com HÀ NỘI — Việt Nam’s tra fish exports to the UK in the first quarter increased by 69.5 per cent to US$11.9 million, according to the Việt Nam Association of Seafood Exporters and Producers. The exports mainly comprised frozen tra fillet, the most high-priced item at $5.3 per kilogramme. Frozen tra fish steak exported to the UK also fetched high prices of $4.3 –…

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‘Brexiety’ becomes a word as foreign investment in UK real estate drops to its lowest level since 2016 vote to leave European Union

Foreign investment in UK property has in the first three months of 2019 fallen to its lowest level since the first quarter of 2016, the three-month period before the country voted to leave the European Union, according to data provider Refinitiv.Cross-border spending on UK property – residential, non-residential, other real estate, real estate management and development, Reits, hotels and lodgings – reached US$598.3 million in the March quarter, a tenth of the US$5.9 billion reported in the… Source link

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UK chides Huawei for equipment security flaws, but rules out Chinese state interference

Huawei Technologies poses a major risk to the UK’s telecommunications networks because of the company’s failure to fix security flaws found in its equipment and software, according to a report on Thursday by a government-led watchdog, which ruled out Chinese state interference as the cause of those defects.The fifth annual report from the Huawei Cyber Security Evaluation Centre (HCSEC) Oversight Board, a body set up to monitor products supplied by the Shenzhen-based firm to UK carriers, said … Source link

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Vietnam 

UK chartered accountants forecast slower SE Asia growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Cooling export growth will impact Southeast Asia, pulling down the region’s economic growth to 4.8 per cent this year from 5.1 per cent in 2018, the Institute of Chartered Accountants in England and Wales has forecast. In a report, “Economic Insight: South-East Asia”, it said growth would further ease to 4.7 per cent in 2020. Export growth would decelerate amid increased trade protectionism and slower Chinese demand. Vietnamese growth was forecast to slow down to 6.7 per cent this year…

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Northern UK property prices humming along as they barely feel impact of Brexit-fuelled decline in London

The Brexit-inspired decline in London’s property values has yet to cause any serious ripples in other areas of the UK.While price-growth and activity may be slowing amid the uncertainty, almost every other major urban area in the country is still experiencing a rising market, according to Acadata. It’s a national divide that is all too apparent to real estate agents in northern England who are not too worried about the UK’s departure from the European Union.“It’s a different world from London… Source link

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Standard Chartered to set aside US$900 million for potential fines in US, UK inquiries

Standard Chartered said on Thursday that it planned to set aside US$900 million in the fourth quarter to cover potential fines for its past conduct after regulators in the United Kingdom indicated they planned to fine the bank.The bank, which is based in London but generates much of its revenue in Asia, has faced scrutiny from regulators over its prior dealings with clients facing US sanctions, paying a US$1.9 billion settlement in 2012.It said on Thursday that the UK’s Financial Conduct… Source link

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Honda to shut UK car assembly in the latest blow to Britain’s shrinking automotive industry

Honda Motor plans to close its factory in the UK in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit.The site in Swindon, about 80 miles west of London, is the nation’s fourth-largest automotive plant and employs about 3,500 workers where the Honda Civic hatchback is made.Production for Europe will consolidate in Japan in 2021, Justin Tomlinson, MP for North Swindon, said on Twitter. Honda also… Source link

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Property 

UK property agents at gloomiest for 10 years in latest monthly Royal Institution of Chartered Surveyors snapshot

Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s property agents with their gloomiest view of property values in 10 years.The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a further weakening of the market, with demand, prices and sales expectations all down.The industry survey came as the latest government figures showed annual house price growth across the UK had slowed to its… Source link

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China 

Brexit deadline looms for Asia-bound ships as slow boats to China set sail from the UK

Dozens of cargo ships will set sail on Friday from the United Kingdom on journeys that will see them enter Asian ports after the United Kingdom has left the European Union. The status of these container ships is causing headaches among officials at the British Consulate General in Hong Kong, the South China Morning Post understands, ahead of the planned Brexit on March 29, with some journeys lasting as long as 48 days. The officials are concerned that ships could be “stranded at sea” in the case of a no…

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