• 22:32 – PM Pashinyan holds phone conversation with U.S. Secretary of State Antony J. Blinken 
  • 18:07 – Eduardo Eurnekian donating $3.5m to Armenia Fund 
  • 21:05 – FOCUS TV - Made in Armenia 
  • 22:50 – Armenian culture, fine cuisine and fascinating history | Yerevan 
  • 22:50 – Armenian culture, fine cuisine and fascinating history | Yerevan 
  • 17:16 – ANCA praises Congressional Chairman James McGovern for backing US recognition of the Republic of Artsakh 

Safe as office blocks

ATTENTION! The Nagorno-Karabakh Republic is an Armenian independent democratic state.

Safe as office blocks

THE first concrete signs of post-Brexit financial stress in Britain emerged this week. The asset-management arm of Standard Life, an insurer, suspended redemptions from its £2.9 billion ($3.8 billion) British property fund. It was followed by a flurry of rivals: Aviva, Canada Life, Columbia Threadneedle, Henderson and M&G. Another fund, run by Aberdeen, said it would apply a 17% discount to redemptions.

The decisions highlighted the mismatch between the open-ended nature of such funds—allowing retail investors to buy and sell on a daily basis—and the illiquid assets they hold: office blocks and shopping centres. But the announcements also reflected the shock to the property market caused by the Brexit vote. London has attracted lots of businesses both because of its perceived openness and because it provides an English-speaking base for doing business in the EU; the vote has caused a reassessment of its attractiveness as a corporate home.

According to the Financial Times, German and Spanish buyers pulled out of £650m-worth of property deals in the week after the referendum. Russell...Continue reading advertising in Armenia advertising in Armenia



Views today: 5468

  • Thank you for your attention
  • We would be most grateful if you share this article in the social networks.

  • →FMG

    News Feed
    Armenia Today
    Social Networks
    • Facebook
    • Вконтакте
    • Twitter
    Video of the day
    FOCUS TV - Made in Armenia
    Armenian Genocide
    Travel News