Une semaine marquée par la forte hausse du chômage en France

via Une semaine marquée par la forte hausse du chômage en France.

Dubai Debt Leads Bloomberg Week in Review

via Dubai Debt Leads Bloomberg Week in Review – Bloomberg.com.

Wall Street réagit à son tour aux craintes sur Dubaï

via Wall Street réagit à son tour aux craintes sur Dubaï.

Dubai Crisis May End in ‘Major’ Default, BofA Says (Update3)

via Dubai Crisis May End in ‘Major’ Default, BofA Says (Update3) – Bloomberg.com.

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Ιμέρρω


Tu alma
Creció delicada con las saciedades,
Attis,
Oh, Attis,
Añoro tus labios.
Añoro tus turgentes pechos,
Tú, inalcanzable, inalcanzable.

-

-

Ιμέρρω
-

Thy soul
Grown delicate with satieties ,
Atthis,
O Atthis
I long for thy lips.
I long for thy narrow breasts,
Thou restless, ungathered.

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Ezra Loomis pound
Ιμέρρω
De Poemas sáficos
Traducción de José Luis Justes Amador
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The Turkish central bank has cut the key interest rate even further in a bid to shore up the recent economic upturn. The CB cut rates by a further 25 basis points, bringing borrowing rates down to a record low of 6.50 percent and lending rates to 9 percent. This, despite the lobbying of several private banks against any further cut in rates.

This is great news for anyone considering a property purchase in Turkey, because it makes Turkey property even better value for money.

As I covered in yesterday’s post, Brits cannot find better value for money in property anywhere else within a short-term flight — especially given the current strength of the pound against the Turkish Lira.

As I covered in an update to yesterday’s post, the pound went higher against the Lira than it has been in almost a year yesterday, touching 2.526 before falling back slightly to 2.516 where it still rests.

This leaves Turkey at over 11% cheaper for British buyers than it was in April when the pound stood at 2.30. That combined with the continual record-setting interest rate reductions means that British buyers are currently getting an exceptional deal when buying property in Turkey. Not to mention the fact that those who act quickly will get a sizeable chunk of instant equity on their purchase.

Many people think it is too late for them to capitalise on the weak lira as it takes a while to buy property, but the Lira has not gone below 2.45 for several weeks now, and Moneycorp have forecast the pound to stay strong against the Lira for the foreseeable future in an interview with Write About Property. So there is time to get in and grab your bargain.

Dubai Shows Limits of Government Rescues, Roubini’s Das Says

via Dubai Shows Limits of Government Rescues, Roubini’s Das Says – Bloomberg.com.

L'économie du Japon montre de timides signes de reprise

via L’économie du Japon montre de timides signes de reprise.

Yen Strengthens to 14-Year High on Risk Aversion, Stock Losses

via Yen Strengthens to 14-Year High on Risk Aversion, Stock Losses – Bloomberg.com.

Yen Strengthens to 14-Year High on Risk Aversion, Stock Losses

via Yen Strengthens to 14-Year High on Risk Aversion, Stock Losses – Bloomberg.com.

European Loans Post Second Straight Annual Decline (Update1)

via European Loans Post Second Straight Annual Decline (Update1) – Bloomberg.com.

Dubaï : la dette inquiète

via Dubaï : la dette inquiète.

Stocks Tumble, Bonds Rally on Dubai; Credit-Default Swaps Soar

via Stocks Tumble, Bonds Rally on Dubai; Credit-Default Swaps Soar – Bloomberg.com.

Negotiating an English country road can be a nerve-wrecking affair. Plagued by single-track lanes, tight bends, and sudden dips, you can never be certain of what’s in store just around the corner.

Similarly, steering your business through a volatile currency market is a real challenge. The pound’s 25% fall in value against the euro over the last year has had major impact on UK businesses. In fact independent research for Moneycorp revealed the weak pound has had an impact on 92% of businesses trading internationally.

It is a tale of two sides. For importers cost pressures have heightened, but for exporters opportunities to profit have been plentiful. So as a country reliant on imports and exports, managing your exposure is crucial, but challenging. Unexpected rate movements can eliminate all important profits.

Despite the uncertainty now and in the future, there are a number of steps any company can take to manage currency exposure and get back in the driving seat. If your business is importing or exporting, and you need to manage the dips and swerves of an unpredictable pound, there are some simple steps to effectively managing exposure. For more info to help your business click here

Or should you have any questions about the currency market, please do post your question and we will get back to you.

Mark Deans, Corporate Dealing Manager, Moneycorp

China Overcapacity Wreaks Global Harm, EU Group Says (Update1)

via China Overcapacity Wreaks Global Harm, EU Group Says (Update1) – Bloomberg.com.

L'euro sur la barre de 1,51 dollar

via L’euro sur la barre de 1,51 dollar.

Dubai World Seeks to Delay Debt as Default Risk Soars (Update2)

via Dubai World Seeks to Delay Debt as Default Risk Soars (Update2) – Bloomberg.com.

IMF Gets $600 Billion Credit Line to Help in Financial Crises

via IMF Gets $600 Billion Credit Line to Help in Financial Crises – Bloomberg.com.

Fed Officials Watch Asset Prices for Signs of ‘Excessive Risk’

via Fed Officials Watch Asset Prices for Signs of ‘Excessive Risk’ – Bloomberg.com.

Mexico Peso to Gain Up to 20% After Fitch Downgrade, Pimco Says

via Mexico Peso to Gain Up to 20% After Fitch Downgrade, Pimco Says – Bloomberg.com.

Individuals Rushing to Bear-Market Funds From JPMorgan to Pimco

via Individuals Rushing to Bear-Market Funds From JPMorgan to Pimco – Bloomberg.com.

L'économie mondiale “encore vulnérable” selon le patron du FMI

via L’économie mondiale “encore vulnérable” selon le patron du FMI.

China Is Risking Japan 1980s-Style Bubble, BNP Says (Update1)

via China Is Risking Japan 1980s-Style Bubble, BNP Says (Update1) – Bloomberg.com.

An ounce of clear truth is worth a pound of obfuscation.

Anonymous