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SHANGHAI: New home prices in two-thirds of China's major cities fell in March, the government said Wednesday, as officials maintain policies to curb the property market. China has implemented several measures aimed at limiting runaway property prices for more than a year, including bans on buying second homes, hiking minimum down-payments and introducing property taxes in select cities. Out of 70 major cities tracked by the government, 46 recorded falls in home prices in March from the previous month, the National Bureau of Statistics said one more than February. Only eight cities registered price rises while 16 were flat, the bureau said in a statement. "New home prices are generally continuing to go lower," it said. Cities with active property markets such as Beijing and Shanghai, and Guangzhou and Shenzhen in the south, have seen prices fall for six straight months, the bureau said. Analysts say measures aimed at limiting prices are threatening the country's economy ...

WELLINGTON: New Zealand house prices rose and sales hit their highest in more than four years on a monthly basis in March, the Real Estate Institute of NZ (REINZ) said on Monday. The REINZ's house price index rose 1.9 percent on the previous month, and was up 4.2 percent on the same month a year earlier, driven by gains in the country's biggest city, Auckland, and the earthquake hit Christchurch. "Prices are certainly not rising sharply, but ...
HONG KONG: A corruption case against Hong Kong's two richest property tycoons is a black mark on the city's clean image and could fuel public anger over links between government and business, analysts said. The Asian financial hub has been gripped by the arrest of billionaire brothers Thomas and Raymond Kwok, co-chairmen of the city's largest property developer, as well as former senior government official Rafael Hui. The Kwoks have yet to be charged with any crime ...
OTTAWA: Canada's construction industry ramped up its building intentions in February after a slow start to the year, with the value of building permits jumping 7.5 percent entirely on plans for non-residential projects, Statistics Canada said on Thursday. The increase followed a 11.4 percent drop in January and was more than double the consensus forecast of a 3 percent increase. Permits taken out for residential buildings fell 5.3 percent on a drop in plans for single-family and ...
CAIRO: Swiss-listed Egyptian property and hotels group Orascom Development on Friday reported a full-year net loss of 69.7 million Swiss francs ($76.82 million), due to the political turmoil in Egypt and elsewhere in the Arab world last year. The firm, known mostly for building luxury resorts, took extraordinary charges in 2011 of 82.8 million francs, which included provisions, revaluation of investment properties, and legal fees connected to the political events in Egypt. Orascom Development made a profit ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln