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The index of global growth of house prices from Global House Price fell in the second quarter to a minimum level of 4.7% since July-September 2016, Knight Frank reported. The leader in the growth of housing prices was Malta, the first time ahead of Hong Kong, which has topped the rating 10 times since 2009. The rise in prices in Hong Kong was 15.9%, while in Malta the indicator increased by 16.9% due to the program for obtaining citizenship granted by investing in the economy of Malta, as well as by increasing demand during the boom in the technological sector and the recovery of the economy of Malta. The third place was taken by Latvia, where housing increased by 1.7%. Slovenia and Hungary are also included in the top 5 countries ranking.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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