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Legal & Financial

Our legal and financial news covers a whole range of issues; mortgages, currency, legal, tax, planning, land, merges and acquisitions, as well as world economies at large, among many other topics.

Portugal expected to approve rent reform

Thursday 17th May 2012

Portugal is on the verge of modernising its rental law to meet the challenges facing the property and construction sectors...

New Investor Protection Law proposed in Dubai

Tuesday 8th May 2012

Property investors could be permitted to demand a full refund in Dubai if a house builder fails to deliver an off-plan project within a specific timeframe under a proposed new Investor Protection Law that could by the end of next month...

Spanish mortgage lending plummets

Thursday 12th April 2012

New mortgage lending in Spain has collapsed as a consequence of the domestic credit crunch crises, which continues to deepen...

Poor US job number to impact on FX trading today

Tuesday 10th April 2012

Good Friday's disappointing US jobs data is expected to set the tone for foreign exchange trading today, according to financial experts UK Forex...

Tax hike cause Singapore property prices to fall

Tuesday 10th April 2012

Singapore’s estimated private residential property price index fell marginally by 0.1% from 206...

Iberia aims to halt strikes that will disrupt flights to Spain

Wednesday 4th April 2012

Spanish airline Iberia has filed a suit to Spain's High Court to prevent 30 days of strikes by pilots which would affect midweek flights between April and July of this year, having a potentially disastrous impact on the country's tourism levels in the process...

Sterling starts the week on strong footing

Tuesday 3rd April 2012

Sterling hit a four and a half month high against the U.S. dollar on Monday, and scaled a 13-month peak versus a trade-weighted basket of currencies, after surprisingly positive manufacturing data suggested the UK could avoid falling back into recession, according to currency specialist UK Forex...

Potential solution to co-ownership issues in Cyprus

Wednesday 28th March 2012

The Cypriot government has submitted a new bill to parliament aimed at overcoming problems with co-ownership of properties in Cyprus...

Sterling strengthens against U.S. dollar

Tuesday 27th March 2012

The UK pound increased in value to its highest level in over three weeks against the U.S. dollar on Monday 26 March and is generally expected to strengthen further after Federal Reserve chief Ben Bernanke voiced growing concern about the state of the U...

Currency matters: UK takes centre stage

Wednesday 21st March 2012

The UK economy took centre stage on Tuesday morning as CPI and RPI numbers for February came in above expectations at 3...

Switzerland vote to restrict construction of second homes

Monday 12th March 2012

The Swiss people have voted in a referendum, which took place on Sunday 11 March, to prohibit the construction of new second homes in Switzerland...

Fannie Mae seeks £2.9bn in support after Q4 loss

Wednesday 7th March 2012

Fannie Mae, the biggest source of money for U.S. home loans, is seeking $4.6bn (£2.9bn) in additional federal aid after reporting a loss in the fourth quarter of 2011...

Euro fades as ECB acts

Tuesday 6th March 2012

The European Central Bank’s (ECB) second offering of cheap three-year loans to European banks was a major focus for currency markets last week...

Euro buoyed by Greek bailout

Monday 27th February 2012

After much posturing, last week saw eurozone leaders agree the terms of a second Greek bailout. The euro gained over two cents versus the pound and over three cents against the US dollar following the news, according to financial experts Hargreaves Lansdown...

Data fails to inspire sterling

Monday 20th February 2012

Although a slew of important UK economic developments generally had a limited impact, sterling edged higher against most of its major rivals last week, financial experts Hargreaves Lansdown report...

Markets buoyed by US employment data

Monday 6th February 2012

An improving non-farm payrolls employment report helped spur global stockmarkets on Friday, reports financial experts Hargreaves Lansdown...

Currency matters: The week ahead

Monday 30th January 2012

Looking at the week ahead, financial experts Hargreaves Lansdown assess prospects for currency exchange rates, because they matter when buying and selling homes overseas...

Currency matters: The week ahead

Monday 23rd January 2012

Looking at the week ahead, financial experts Hargreaves Lansdown assess prospects for currency exchange rates, because they matter when buying and selling homes overseas...

France loses AAA credit rating

Wednesday 18th January 2012

After hitting intra-week highs of €1.1933 against the pound, the euro pared gains later in the week as Friday evening saw ratings agency Standard and Poor’s cut the credit ratings of nine European countries...

Should Brits switch from euro to sterling mortgages?

Wednesday 4th January 2012

Brits with euro-denominated mortgages on their overseas homes are now preparing for the worst, as uncertainty in the Eurozone grows, according to a Citywire report...

Little festive cheer for the euro

Tuesday 20th December 2011

The pound rose last week to its highest level against the euro since mid-February, as events in the eurozone continued to dominate foreign exchange markets, reports financial experts Hargreaves Lansdown...

Currency matters: doubts remain after EU summit

Monday 12th December 2011

http://www.hl.co.uk/  By Hargreaves Lansdown The euro fell to a 9-month low versus sterling on Thursday after the European Central Bank lowered interest rates from 1...

Key week for the euro

Monday 5th December 2011

Global stock markets were buoyed last week as central banks from developed nations took coordinated action to shore up the global financial system, reports financial experts Hargreaves Lansdown...

Free guide: how to safely buy a home overseas

Tuesday 29th November 2011

The Association of International Property Professionals (AIPP) has released a free publication called 'How to Buy Overseas Property Safely' which is available to read online – CLICK HERE...

Currency matters: rising borrowing costs rattle markets

Tuesday 29th November 2011

By Hargreaves Lansdown.  The eurozone debt crisis continued to dominate currency markets last week, amid rising risks it could impact more markedly on global economic growth prospects and the banking sector, The region’s borrowing costs remained in sharp focus...

Currency outlook: the week ahead

Tuesday 22nd November 2011

By Hargreaves Lansdown. The BoE policy meeting minutes (released at 9.30am on Wednesday) will headline the UK economic calendar this week...

Fannie Mae's losses increased significantly in Q3

Wednesday 9th November 2011

US mortgage giant Fannie Mae lost almost $5.1bn (£3.2bn) in the third quarter, a 76% increase from the preceding quarter and nearly four times the figure recorded during the same period last year, the company reported this week...

HMRC to scrutinise wealthy overseas property owners

Wednesday 2nd November 2011

As part of the government’s drive to tackle tax evasion and avoidance, a new HM Revenue and Customs (HMRC) unit is to use sophisticated ‘data mining’ technology to identify and clamp down on people who own property or land overseas who it believes owes unpaid tax...

European Summit in focus

Tuesday 25th October 2011

Uncertainty in how to resolve the eurozone debt crisis led to another volatile week for currency markets as meetings between European leaders and policy makers continued to dominate headlines, reports Hargreaves Lansdown...

Up to £1bn in holiday home tax rebates could go unclaimed

Monday 17th October 2011

As much as £1bn of tax rebates through capital allowances on furnished holiday lets (FHLs) could go unclaimed with the imminent removal of a significant tax relief, claims Manchester-based capital allowances firm, CA Tax Solutions...