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Australasia: Top Headline
Marinas and car parks regarded as alternative investments in AustraliaA market in alternative property is emerging in Australia where those either wishing to take a risk or who simply want to invest in something different are looking at buying car parks and marinas.
Feature story
Islamic finance poised for massive growth as London becomes key hub outside the Middle EastLondon is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.
Company news
The Canaries are singing a new songOnce upon a time the Canary Islands were an exclusive holiday haunt for only a select few who actually knew where the Spanish archipelago was hidden in its tucked away corner of the North Atlantic Ocean.
Forum Watch
Forums debate the good prospects in German property market but finance is a big hurdleWith Germany emerging as one of the best longer term property investment prospects amid the credit crunch it has also become a major topic on the property forums this week.
Currency watch
Sterling still weak as Dollar gains strengthThe UK sterling had a hard day yesterday as the Dollar kept on getting stronger, and UK consumer confidence slumped to a 4 year low.
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