New York real estate bubble shows no signs of slowing

Foreign exchange and investment are surging in New York, and investors are buying homes and apartments, but there’s no sign of a housing bubble.Bloomberg Businessweek reported on Tuesday that foreign exchange and interest rates fell last week and have not been higher since March, making it unlikely that a bubble will emerge anytime soon.The benchmark […]

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Disney to start charging $10.99 for international flights

Disney is set to start allowing passengers to pay for their international travel using their Disney card.The move is part of a broader overhaul Disney plans to roll out over the next year to make traveling abroad more affordable.The company says the change, which goes live in the coming weeks, will allow customers to travel […]

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When the U.S. stopped buying foreign currencies, it also stopped buying gold and silver from the rest of the world

This is the world’s second largest gold producer, and the world was about to lose one of its biggest reserves of the metal.On March 2, the U,S.government stopped buying silver from foreign banks, a move that has left the world gold market in a deep depression, as people around the world struggle to buy and […]

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The gold price rout and the end of the gold rout

Foreign exchange gold prices have slumped on Wednesday after the Reserve Bank of Australia (RBA) said foreign exchange earnings from the country’s gold industry were likely to be the lowest since 2009, as the Federal Government moves to cut tax benefits for overseas investors.The RBA’s latest forecast for foreign exchange gold earnings shows a 0.4 […]

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Australian expats find their ‘fair market value’ in Australian currency

Foreign exchange traders are finding that their ‘fairest’ exchange rate is their fair market value in Australian dollars, and it’s been around for some time.But that’s not the case for Australian expat traders, who are finding their ‘Fair Market Value’ (FVM) in the Australian dollar has dipped significantly in recent months.The Australian dollar index has […]

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