Two-year mortgages are no longer the most popular deal, as homebuyers decide on a longer-term view

When it comes to mortgages, five is the new two. Having long played second fiddle to two-year fixed-rate mortgages, five-year fixed deals are enjoying a surge in popularity as homebuyers opt to lock in to some of the lowest rates ever seen in the UK.

Le...

Strong demand for commercial property in France contributed to €25 billion (£20 billion) of investment in business real estate across Europe as a whole during the third quarter of 2012.

According to new figures from Jones Lang LaSalle European Capital Markets, investors were drawn to "core locations" such as Paris, rather than...
Reins of terror

SIENA’S football club is in trouble. Its season began badly with a six-point penalty for match-rigging, it is fighting to escape from the bottom of the league and fans wonder what the future holds. Employees and shareholders at Banca Monte dei Paschi di Siena (MPS), the club’s sponsor, have even deeper concerns for their ancient ins

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Prices of Spanish property declined again in September, with the value of homes in major cities seeing the biggest fall.

The latest IMIE General Index retreated by 11.6 per cent to 1,532 points last month, with the capitals and major cities category seeing a 13.5 per cent slide, taking it to 1,557 points on the index.

September's fall was similar...

PUSH a Japanese stand-up doll over, and it bounces back up. It is a symbol of optimism: the Japanese government included three Okiagari-koboshi dolls in the welcome pack for the IMF-World Bank meetings this week in Toyko. The opening message from the IMF was much less positive. A rebound in the global economy is looking less and less likely.

The

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GOLD is the most difficult asset class to analyse. For a start, it divides opinion so sharply. Its supporters have a quasi-religious fervour, regarding the metal as the one true source of value. Its detractors (a group that includes many economists) treat it, in John Maynard Keynes’s phrase, as a “barbarous relic” that has no place in serious discu

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Rental prices rose in the Australian property market during the third quarter of 2012, with costs in Sydney and Perth hitting record highs.

According to latest figures from Australian Property Monitors (APM), rents climbed four per cent to $520 (£333) per week in Sydney, while the average cost of leasing a home in Perth reached $450 per week,...
That’s some mole

THE development of a process to turn raw earth into steel merits a high spot on a list of mankind’s most ingenious achievements. The metal provides the backbone of skyscrapers, bridges and motorways, and the carapace and internal organs of cars, fridges and washing machines. Given steel’s ubiquity—it makes up 95% of global metal pro

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A STAFFER at a federal agency says he is often asked how many entities investigate and prosecute financial firms in America. The only short answer he can give is: “a lot”. Here’s a longer one.

Some entities are obvious: the Securities and Exchange Commission (SEC); the Commodity Futures Trading Commission (CFTC); the Office of the Comptroller of

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