Compare Money Transfer News - July 2011
Chamber of Commerce: London is the “best business city in the world”
(July 26, 2011)Companies may look to make an international money transfer to invest in London, as the city is described as the best business centre in the world by the London Chamber of Commerce and Industry.
Talking about why businesses should locate themselves in London, group spokesperson Iain Smith, touted the city's credentials.
"London is not only the best [...]
US banks pull plug on EU lending
(July 25, 2011)Financial companies may soon be looking to make an international money transfer in the wake of the US money market's lenders withdrawing of all but very short-term loans to European banks.
According to a report by the Financial Times, which quotes figures from rating-company Fitch, the top ten biggest US money-market funds have cut lending to [...]
Interactive Investor: Foreign businesses looking for money safe havens
(July 22, 2011)Foreign investors may be looking to make an international money transfer, according to Interactive Investor, which claims that wealthy citizens are looking for safe havens to put their savings into.
Mike McCudden, head of derivatives for the company, said that turmoil abroad was spurring on a migration of wealth to more stable regions.
"General equity trading volumes [...]
Ideal Property: Foreign investors vying for London properties
(July 21, 2011)Foreign investors could soon be making an international money transfer to tie their savings up in London properties as an expert explains they are secure throughout troubling times.
Ideal Property managing director Stephen Dyer explained that international investors were jostling to plough their money into London's "high net worth areas".
"People are buying in London because they [...]
Economist: Ireland provides “long-term growth prospects” for international investors
(July 20, 2011)Companies may soon look to make a business money transfer into Ireland as the beleaguered economy has been hailed for its "young and highly-educated" workforce.
D&B's Country Risk Services has said that the country is increasingly a good hub for foreign business as it offers strong "long-term growth prospects".
Martin Koehring, an economist at the organisation, has [...]
Shares fall as confidence in US and EU economies falters
(July 19, 2011)Businesses may look to make an international money transfer to secure their worth in other territories as shares tumble across Europe and the United States over fears of increasing national debts.
The FTSE 100 index plunged more than 90 points to 5,752, which has reduced the value of Britain's biggest companies by almost £24 billion.
European shares [...]
Buy-to-let will appeal to investors, says expert
(July 18, 2011)Entrepreneurs could soon be making business money transfers into the UK as a property industry expert says that the buy-to-let market will appeal to investors.
New landlords are likely to enter the buy-to-let market in the near future as a result of the transparency of the investments, claimed Malcolm Harrison, an independent property expert.
He explained that [...]
French property market is “safe and simple”
(July 14, 2011)Potential landlords may being looking at making an overseas money transfer to France as the property buying process in the country is described as "safe and simple".
Property specialist Cle France explained that the country's system is "well tried and tested", with director Sharon Evans saying that buyers can expect "considerable support" from the market.
She speculated [...]
World’s most expensive cities listed
(July 13, 2011)British expats may soon be looking for a cheap currency transfer service when sending money home if they live in one of the world's most expensive cities listed in a new report by Mercer.
According to the list compiled by the consultants, Angola's city of Luanda has been ranked as the most expensive in the world [...]
Offshoring to provide benefits for decades
(July 12, 2011)Businesses could soon start looking to make overseas money transfers as offshoring operations can still bring businesses a quick return on investment, according to OMC Partners.
David Ellis, a partner with the management consultancy, said that companies in financing and accounting industries should see a payback "in less than three years", while some businesses can continue [...]