December 2013 International Economic Fundamentals

Ally

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#2
UK moves to tame property bubble risks



The U.K. is ending cheap bank funding for new mortgages in a bid to control the growing risk of a property bubble.





House prices have increased by about 7% in a year, and by much more in London, raising concerns that borrowers may have trouble making repayments when interest rates start to rise from their record low levels.



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Ally

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#3
Spain's desperation: 20,000 apply for 400 Ikea jobs



A flood of job seekers crashed IKEA`s Spanish servers twice this week after some 20,000 people applied for just 400 positions at the Swedish furniture makers` new store in Valencia, Spain.





Almost a third of all unemployed in the 17-country euro zone area reside in Spain, and while the government said November`s registered jobless figures on Tuesday showed an improvement, net job creation is not expected until next year.





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Ally

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#4
WTO agrees global trade deal worth $1 trillion





The World Trade Organization's first comprehensive agreement involves an
effort to simplify the procedures for doing business across borders.





There will also be improved duty-free access for goods sold by the world's
poorest countries.





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Ally

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#5
Food prices; a bricks and mortar problem for Indian economy





GURGAON, India (Reuters) - Three months since journeying more than 700 milesfrom his village in central India to take a job in this bustling city near the capital, New Delhi, Charan is already looking forward to a 10 percent pay rise. He isn't an engineer or programmer. He hauls bricks and sand at a local construction site for less than $100 a month.








India's biggest cities face a worsening shortage of migrant manual laborers like 26-year-old Charan, who goes by only one name. While India has long suffered from a dearth of workers with vocational skills like plumbers and electricians, efforts to alleviate poverty in poor, rural areas have helped stifle what was once a flood of cheap, unskilled labor from India's poorest states.





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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#6
Construction in Hong Kong - key opportunities to 2017





This report provides detailed market analysis, information and insights into Hong Kong`s construction market, including:

` Hong Kong`s construction market`s growth prospects by sector, project type and type of construction activity

` Analysis of equipment, material and service costs across each project type within Hong Kong

` Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in Hong Kong`s construction market

` Assessment of the competitive forces facing the construction industry in Hong Kong and profiles of the leading players

` Data highlights of the largest construction projects in Hong Kong.





Read the full article here.