US dollar hits record low against the pound
The US dollar tumbled against major currencies on Thursday, hitting a 26-year low against sterling and a record low against the euro as expectations grew for more interest rate cuts from the U.S. Federal Reserve. At one point, the pound rose as high as $2.1145, before falling back slightly to $
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Huge increase in foreign investment in Cape Verde
Cape Verde is expecting to approve Foreign Direct Investment (FDI) projects to the value of 600 million euros this year, representing more than half of the islands’ GDP, government officials have said.Victor Fidalgo, head of Cape Verde’s CVI state investments agency, told Portuguese news agency Lusa
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Pound hits high against US Dollar
The pound hit its highest level against the dollar for more than a quarter of a century today (April 18, 2007), crashing through $2 barrier after UK inflation rose to 3.1% in March. The rise is the strongest since June 1981, when it hit $2.013.While this is bad news for UK homeowners as i
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Panama votes yes to Canal investment
Voters in Panama overwhelmingly approved the largest modernisation plan in the 92-year history of the Panama Canal, backing a $5.2 billion expansion that will allow the world's largest ships to squeeze through the shortcut between the Pacific and Atlantic.
In a nationwide referendum, Panamanians ap
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Panama property news - Los Faros de Panama
The Los Faros de Panama development (The Lighthouses of Panama) was launched on October 6th in Panama City.The complex will consist of three towers rising high above Panama City and will provide residents with spectacular views across the Pacific Ocean and Panama Canal.Representatives for
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Mortgages now available in Turkey
Foreign nationals wishing to purchase a holiday home in Turkey are now able, subject to approval, to obtain a mortgage on property in Turkey.Interest rates are fixed with options currently available in 1, 3 and 5 years and a maximum term of 20 years. The scheme will be based on affordability an
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Thomson add Cape Verde to their 2007 brochure
One of the leading UK tour operators, Thomson Holidays, have added Cape Verde to their 2007 brochure. Package holidays will start in May 2007 and will initially be to Sal Island in Cape Verde. Prices start from around £399 for 7 nights accomodation and return flights from London. Fl
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Spanish government to cut Capital Gains Tax for non-residents
The Spanish Government have proposed to slash Capital Gains Tax liabilities for non-resident property sellers in the 2007 budget. While nothing definite has yet been confirmed, the general feeling is that the proposals will go ahead. Spain was in the dock recently for having different liability leve
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Mexican president launches new development in Campeche
In front of 200 visiting European investors and journalists Mexican president Vicente Fox launched the Campeche Playa, golf, marina and spa resort stating, "we understand the value of these beaches, of these mangroves and of this wonderful place and we want to share it with everybody."Until now much
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Ryanair agree deal for 20 new routes into Morocco
Ryanair has agreed a deal with the Moroccan government to open 20 new routes to the country carrying one million passengers within 5 years.The agreement with the budget airline follows six months of negotiations and is designed to open up the North African country to more tourism. Und
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