NEWS
Asian stocks rally with oil before factory daya while yen drops
TOKYO, Dec 1 — Asian stocks rebounded ahead of manufacturing data expected to provide investors with some insight into the global economy ahead of key policy decisions out of Europe and the US this month. Copper futures and crude oil also rallied,…
read moreHonda lifts retirement age to 65 as Japan copes with aging nation
TOKYO, Dec 1 — Honda Motor Co. plans to shake up job terms next fiscal year and lift its retirement age by five years to 65, making the carmaker one of Japan Inc.’s biggest companies to take action in coping with the nation’s aging demographics….
read moreMalaysia’s manufacturing suffers sharpest decline in three years
KUALA LUMPUR, Dec 1 — Manufacturing conditions in the country worsened last month at the highest rate of deterioration in over three years, according to Nikkei Malaysia.
The November PMI from the Markit’s Nikkei Malaysia Manufacturing Purchasing…
read moreBursa Malaysia opens lower
KUALA LUMPUR, Dec 1 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today, weighed down by Public Bank and Petronas Gas.
At 9.10am, it was 2.84 points lower at 1,669.32, after opening 1.87 points easier at 1,670.29.
Public…
read moreSamsung replaces mobile-unit Chief as Galaxy phones struggle
SEOUL, Dec 1 — Samsung Electronics Co. replaced the executive overseeing its mobile-phone business as the company tries to protect a dwindling sales lead against Apple Inc. and Chinese makers.
Koh Dong Jin, who helped develop the latest Galaxy…
read moreChina’s stocks fall to one-month low after manufacturing data
SHANGHAI, Dec 1 — China’s benchmark stock index fell to the lowest level in a month after data showed manufacturing conditions are deteriorating, overshadowing the International Monetary Fund’s decision to add the yuan to its basket of reserve…
read moreUS crude oil prices remain weak ahead of OPEC meeting
SINGAPORE, Dec 1 — Crude oil prices held at low levels in early trading in Asia today as traders bet on continued high production from the Organization of the Petroleum Exporting Countries (OPEC) ahead of its meeting later this week.
US crude…
read moreUS stocks fluctuate, investors weigh data before policy moves
ZURICH, Nov 30 — US stocks fluctuated, following the smallest weekly move of Standard & Poor’s 500 Index since July, as investors awaited a slew of economic data this week and prepared for policy decisions from central banks.
The S&P 500 fell…
read moreEuro weakens before ECB move as US stocks climb with commodities
LONDON, Nov 30 — The euro touched its weakest level since April and the yield gap between German and US notes reached the widest in nine years as traders prepared for the European Central Bank to ramp up stimulus later this week. US stocks…
read moreEmerging-market stocks drop to two-week low as China selloff roils Asia
JAKARTA, Nov 30 — Emerging-market stocks dropped to a two-week low and a gauge of developing-nation currencies slid towards a record following a selloff in Chinese equities.
All 10 industry gauges on the MSCI Emerging Markets Index fell after a…
read moreClimate action needs US$1t for poorest nations, studies find
PARIS, Nov 30 — The world’s 48 poorest countries will need to find around a trillion dollars between 2020 and 2030 to achieve their plans to tackle climate change — and those plans should be a priority for international funding, researchers said….
read moreRinggit closes marginally lower against the US dollar but up on other currencies
KUALA LUMPUR, Nov 30 — The ringgit closed slightly lower against the US dollar today, a dealer said.
At 5pm, the ringgit was quoted at 4.2615/2665 against the greenback from 4.2550/2650 on Friday.
The dealer said the decline was not that…
read moreBursa Malaysia closes down in line with regional sentiment
KUALA LUMPUR, Nov 30 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished lower today, weighed down by selling activities in selected heavyweights and in line with most regional markets.
At 5pm, the index stood at 1,672.16, down 10.43…
read moreLuxury Realtors in London and Israel form Powerful Alliance
Iltam Real Estate , with a head office in Tel Aviv, and London’s ultra-prime specialist Beauchamp Estates have formed an alliance to benefit from marketing opportunities, cross referral and selling in luxury property markets in Israel and Europe.
Gary Hersham, Partner at Beauchamp Estates, says, ” Iltam Real Estate are one of Israel’s finest real estate advisors in luxury residential property and commercial buildings, and we are excited to be working with them. Our association will give Iltam clients access to our instructions in London, the South of France, Tuscany and the Greek Islands, while expanding Beauchamp Estates’ association with and participation in key ultra-prime markets across Europe “.
Ilana Shimshowitz, Founder of Iltam Real Estate says, ” Beauchamp Estates is Europe’s market leader in the finest luxury property and we are delighted to be undertaking this alliance with them. The agreement will give Beauchamp Estates’ clients access to our prestigious portfolio of some of the best instructions in the region and our teams’ valuable local expertise “.
The agreement gives Beauchamp Estates access to Israel’s growing real estate market and key local knowledge, as well as providing Iltam Real Estate access to the luxury European property market and a local office support network.
The partners have also agreed to share valuable market intelligence on their local markets and prime trends, and also share and cross promote market research, reports and other thought leadership and marketing material.
The two agencies have just launched the €13m Villa Linear in Herzliya Pituach , Tel Aviv which is one of the most expensive and luxurious ultra-prime villas in the region.
With its head office on London’s Curzon Street in Mayfair, Beauchamp Estates, founded in 1979, and led by partners Gary Hersham and Penelope Court, is one of Europe’s leading real estate advisers specialising in luxury residential and commercial property. The firm has offices in central London, Cannes, Mykonos and Florence.
The firm’s instructions represent the finest mansions, townhouses and penthouses in London; villas and chateaus in the South of France; country estates, vineyards and villas in Italy; and beachfront villas on Mykonos in the Greek islands.
Iltam Real Estate was founded in 1987 by Ilana Shimshowitz and specialises in the sale and rental of exceptional homes and properties in the area. Herzliya Pituach, 15 minutes north of central Tel Aviv, where its head office is based, is home to Israel’s largest marina, offering exceptional accommodation and sea views, with many dignitaries electing to live there. Working with a portfolio of instructions that includes Ambassadorial mansions, villas, penthouses, family homes and apartments, Iltam provide clients an unprecedented choice in this prime Israeli market.
Beauchamp Estates produces an annual Ultra Prime Barometer research report on billionaire lifestyles and property portfolios across Europe together with studies that focus on particular overseas buyer groups investing in European real estate, detailed reports on local markets in London and the luxury residential market in New York.
Article by +Roxanne James on behalf of Propertyshowrooms.com
read moreFelda puts US$680m Eagle High stake purchase on hold
KUALA LUMPUR, Nov 30 — Malaysia’s Felda Global Ventures Holdings Bhd, the world’s No.3 palm plantation operator, has put on hold a planned US$680 million (RM2.9 billion) purchase in Indonesia after shareholders criticised the deal as too expensive…
read moreRinggit opens lower against US dollar
KUALA LUMPUR, Nov 30 — The ringgit opened lower against the US dollar today on weak buying interest, dealers said.
At 9.00 am, the ringgit was quoted at 4.2770/2880 against the greenback from 4.2550/2650 on Friday.
A dealer said the local note…
read moreBursa opens lower on weak buying sentiment
KUALA LUMPUR, Nov 30 — The FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today on a lack of buying interest and in line with its weaker regional peers.
At 9.15 am, it was 9.61 points lower at 1,672.98, after opening 7.18 points easier at…
read moreIMF’s yuan inclusion a nod to China’s economic reforms
SHANGHAI, Nov 30 — When the International Monetary Fund agrees today to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.
By acknowledging the yuan as…
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