There has been a rise in the number of Russians buying property in Bulgaria, which is helping support the country's housing market.

Speaking to The New York Times, Stanislav Petrov, sales manager for Select Properties Bulgaria, stated Russians now account for around 80 per cent of foreign investors in the nation's real estate sector.

He told the...

BROADLY, two factors govern the price of oil. One is actual supply and demand, the other market sentiment about the state of the world. The fundamentals change slowly; the market’s mood is more volatile. Both have sent the price careering up and down in recent weeks.

In March fears that the Iranians might do something dramatic in the Strait of

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HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon. A scanned version of “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” has been circulating around trading floors. One hedgie likens Mr Klarman’s book t

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Many renters in Abu Dhabi have chosen to upgrade the quality of their housing while there is an oversupply of properties in the emirate.

A new report published by Asteco Property Management revealed more than 9,000 new residential properties came on to the market in Abu Dhabi in the first half of the year, which helped push rental costs down.

Chief...

FEW can claim to have predicted the scale of the financial meltdown of the past few years, but Richard Duncan, an economist with a career in finance, made a good attempt. His book “The Dollar Crisis”, published in 2002, argued that the post-Bretton Woods financial system had led to huge global imbalances and a credit bubble that would end in col

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EUROPEAN leaders delivered rather more progress in tackling their interminable debt crisis than had been expected when they met in Brussels on June 28th and 29th. They decided, among other things, to allow the new permanent bail-out fund to recapitalise banks in ailing economies directly rather than via their governments. They also enabled rescue

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Where there’s muck

ELSEWHERE in the developing world, towns grow before the infrastructure is quite ready to support them. Things are different in Shenzhen, China’s original Special Economic Zone (SEZ), a stone’s throw from Hong Kong.

The subway station at Qianhai bay, on the city’s west coast, is spick and span, with a full complement of signs, a

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AMERICANS are famously footloose. Migration rates across state lines are more than twice those between Canadian provinces. Mobility is an economic asset: it leads to better matches between workers and jobs and helps America absorb economic shocks as people shift in search of employment. Since the early 1990s, however, when roughly 3% of Americans

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WHEN a trader asks a colleague to submit false information in order to boost his profits, the correct answer is not “done…for you big boy”. This response was one of a host of exchanges involving 14 Barclays traders that were revealed this week as part of a probe by Britain’s Financial Services Authority (FSA) and American agencies including the Com

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