brokerage News

In the first half of the day on Tuesday, the dollar continued its advance on its major competitors.

Today, Steve Jobs passed away at age 56 after a six-year battle with a rare form of cancer.

Yesterday, it was reported that Finland will receive the collateral it demanded as a condition of providing aid to Greece.

Anxieties over the spread of the European debt crisis have heightened and, by all appearances, will infect the world banking system.

The continuing rally on the risk asset markets yesterday was buoyed by the positive news coming out of the Euro zone.

Yesterday at the close of trading in New York, US stock markets rose, bouncing back from their earlier losses.

As we continue to ride the ups and downs of the European sovereign debt crisis the question is how will it impact NYC real estate.

Italian and Spanish financial market regulators extended the temporary ban on short sales of financial assets that were introduced last month in an attempt to stop the volatility on the market.

The upscale 11-condominium unit community in Medford MA is a former school.

ERG Property Advisors is pleased to announce the sale of 277-283 Clinton Avenue in Newark, NJ. This retail property is located half a block from the intersection of Elizabeth Avenue, Clinton Avenue and Avon Avenue.

This year, ERG Property Advisors is eagerly preparing for its participation in the New York City Real Estate Expo on Tuesday, November 15, 2011 from 7:30 a.m. to 6:00 p.m. at the Columbia University Campus.

Managers on the US money market, headed by Vanguard Group Inc and Legg Mason Group Inc, are cutting loans to French banks so fervently, that it may force these banks to increase their capital by selling stocks.

Friday was “black” for European stock markets – the leading indices crashed 3-4% while the Milan stock market fell almost 5%.

President of the European Central Bank Jean-Claude Trichet announced at a press conference on Thursday that the Euro zone’s economic development will move at a much slower pace than had been predicted.

Yesterday at an expanded session of Congress, US President Barack Obama expressed his disappointment with the national economy, a problem which is threatening his political career.

Netscribes (India) Pvt. Ltd., launches a report on the Financial Brokerage Market in India 2011 as part of Netscribes’ Financial Services report series.

About James D. Kinsey, CEO and Partner of ERG Property Advisors

The world’s top oil traders and international oil companies are cutting ties with Syria ahead of the EU embargo aimed at depriving Bashar al-Assad’s regime of diesel supplies and oil revenues.

Chinese demand is likely to maintain aluminum prices even in the face of global economic uncertainty.

ERG Property Advisors is pleased to announce the sale of 3131-3139 East Tremont Avenue, located in the Throgs Neck section of The Bronx, NY.

In a major change of direction from earlier policy, India has now OK’ed the import of diamonds from Zimbabwe.

Hefren-Tillotson, Inc. today announced that on October 19, 2011 the firm will be ranked, along with other locally headquartered firms, as one of the Best Places to Work in Pittsburgh.

Barclays says they do not expect swift resumption of Libyan oil production even if the rebels take over complete control of the country.

Fears of a double-dip U.S. recession together with the euro zone debt crisis have Citigroup raising their gold price outlook.

The ongoing bull run in spot gold prices may mimic the climb to dizzying heights seen in 1980 as bullion prices are increasingly becoming emotion drive.

After a first half drop off, China’s crude oil imports are expected to recover in the last 2 quarters of this year.

Increased demand from the world’s fastest growing economy is set to drive the copper price up in the coming months.

The ongoing strength of the gold price has prompted the Ukraine to start large-scale gold mining.

The recent oil price increases will significantly boost the oil cartels 2011 earnings according to the U.S.’s EIA.

Ongoing global economic pressures unlikely to slow copper demand.

The Asia-Pacific region attracted some attention this morning as it became apparent that Japan’s economy is not in quite such a terrible situation as economists expected in their second quarter assessments.

Christopher S. Lim of Neighborhood Consulting has announced the commercial real estate sale of the Holiday Inn Hotel and Suites Anaheim.

With franchise offices in 36 states, Help-U-Sell Real Estate empowers consumers by offering a set-fee alternative to the traditional broker commission. Our proprietary systems, tools and technology drive success for our brokers.

Democratic Senate Majority Leader Harry Reid approved a preliminary agreement with Republican leaders and the Obama administration to raise the US government’s debt ceiling.

Michael Evans of Cheshire, Connecticut, officially opened EVANS Group Financial Advisors LLC in Cheshire with two grand opening events. EVANS Group Financial Advisors is a full service investment and insurance brokerage firm at 1120 S. Main Street.

NAI Houston notes Huisman Intrepid, LLC has leased a 52,000 square foot building.

NAI Houston notes CG 7600 L.P. has purchased 28 acres of land.

NAI Houston notes Soltex, Inc. has leased 46,800 square feet

NAI Houston notes J.J.R. Tire Distribution has leased a 6,000 square foot of space.

NAI Houston notes Insulation 4 Less has leased a 10,896 square foot space.

NAI Houston notes B-Doune Investments has purchased a 10,800 square foot building.

NAI Houston notes Industrial Tractor Parts has renewed their lease.

NAI Houston notes that Zeenat, Inc. finalized a design-construct agreement to expand its current warehouse.

According to the head of India’s atomic energy department, a huge deposit of uranium found in a southern state may be among the biggest reserves of the mineral in the world.

The second-biggest U.S. bank has announced a net income increase of 13%, beating analysts’ estimates, as investment-banking profit leapt 49% and fewer customers defaulted on credit.

Japan’s PM has said that the recent nuclear crisis has convinced him that the country should wean itself from nuclear power and eventually have no atomic facilities.

Oil companies have drilled almost 50% fewer wells in the first 6 months of this year.

BP promises probe into “serious” incident at offshore oil field.

Industry specialist say the world leader in gold bullion investing may slow down this year compared with sharp growth last year as record-high gold prices increase the potential risk of price volatility.

With Vale SA, First Quantum Minerals Ltd and Vedanta Resources Plc about to lead over $6 billion of investments into the country’s mines, Zambia is set to soon enter the world’s top five producers.