offshore-finances.com

Cyprus offers one of the best international property prospects around, a member of the country’s government has remarked.

Interior minister Neoclis Sylikiotis was quoted by the Financial Mirror saying: "property investment is much safer in Cyprus than anywhere else”.

He added that although the island’s neighbours are struggling and the world economy is in recession, "the estate market in Cyprus is quite healthy and still in positive growth rate.”

Mr Sylikiotis made his comments in response to what he perceived was unduly negative coverage of issues of regulation in the property industry.

He stated that the market is "stable and secure" now, while noting that new legislation is in progress to tighten up rules on planning and registration further.

Last month, the Cypriot state statistical service produced a report suggesting the country stood out above all other European Union nations as a property investment destination.

It based this claim on the fact that Cyprus is the only one of the 27 members not to be in recession, with growth of 1.2 per cent in the 12 months to the end of the first quarter of 2009.

Written by Charles Mackay

After being in the field since 1994 and working with many investors and traders it has become very clear to me what is the HOLY GRAIL in the Commodity Markets & Forex Markets. The whole basis of trading with CNBC, Bloomberg and others is based on trying to have an edge of information or finding some magic system or trading signals. A well folk, the Holy Grail does not exist that way (in this context). No one knows more than you. Even with all their analysis there is no magic system, … [visit site to read more]

Rogers Communications (RCI) recently reported second-quarter results with slower top-line growth but a double-digit growth in the bottom-line driven by cost efficiencies, lower effective tax rate (25.1% in the reported quarter vs. 33.7% in the prior-year quarter), and decline in share count. Quarterly EPS soared 14% to C$0.65, whereas on a reported basis, EPS jumped 25.5% to C$0.59.
Second-quarter revenue increased 3.1% year over year to C$2,891 million. The slower growth in the … [visit site to read more]

Maier J. Tarlow, floor trader for Raven Securites, shares his opinion as to why the big board is on the downside half way through todays session. … [visit site to read more]

The euro continues to slide this session as risk aversion continues to dominate trading trends. … [visit site to read more]

007/29/09 Yahoo and Microsoft agree to a long awaited partnership as they try to challenge Google’s dominance of the internet search market. … [visit site to read more]

A slump in the Chinese stock market overnight and an abrupt end to a string of government and corporate orders for durable goods helped turn sentiment sour on Wall Street and boosted demand for the dollar. The euro has fallen through $1.41for the first time in at least 10 days, while the dollar is also gaining against that other supposed safe haven, the Japanese yen at ¥94.84. While the Wall Street Journal and New York Times are busy trumpeting a potential end to the housing market gloom, … [visit site to read more]

Finally Finding a Bottom… At Least In Something

Around my circle of friends, I’m known as “Mr. Fixit” – of course, when your house is 200 years old, you almost have to be.

Fortunately for me, taking things apart and putting them back together again – in working order, of course – is something that comes naturally to me. Most of the time, I have the tool or tools to handle the job. If not, I’ll either buy it or rent it, depending on the likelihood of my ever needing it again.

Of … [visit site to read more]

Since my discussion of SPXU of seems to have generated considerable interest in the SPX pair of triple ETFs (SPXU is the -3x ETF and UPRO is the +3x ETF), I thought this morning’s surge in call activity in SPXU should be noted.

As the chart below from WhatsTrading.com shows, the 20,000+ calls traded in SPXU during the first two hours of trading suggests some large bets on the SPX are now making their way into the triple ETF options arena. This should come as no surprise, as my recent … [visit site to read more]

Despite an upturn in positive media attention for Portugal’s property market, we at Shelter Offshore are not convinced that Portuguese property is a good buy right now