Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.
The jury in Donald Trump’s hush money criminal trial heard a secret recording in which the former president discussed a payment with his then-lawyer Michael Cohen months before the 2016 election.
A “broken” model in banking is creating issues for financing in the commercial real estate industry, according to Josh Zegen, co-founder of Madison Realty Capital.
Apr 8, 2019
BNN Bloomberg
,The majority of Canadians say they think it’s better to hold off until next year to buy a home, according to a new survey.
A poll conducted by Ipsos on behalf of Royal Bank of Canada found that 56 per cent of Canadians would wait until next year to purchase a home despite some forecasts that the country’s housing prices will remain flat this year. The two main reasons cited were the expectation prices will drop (54 per cent) and uncertainty about the economy (47 per cent).
The results come as housing activity in the country’s once-hot markets have shown signs of slowing. In its most recent data release, the Toronto Real Estate Board (TREB) reported flat sales in March, while Vancouver’s real estate board said sales in the region sank 31.4 per cent year-over-year for the month.
Home prices, however, remain relatively high in both cities. The average price in the Toronto area rose half a percentage point to $788,335 in March, according to TREB data. Meanwhile, Metro Vancouver’s composite benchmark price was sitting at $1,011,200 last month.
Most first-time homebuyers surveyed (56 per cent) by RBC said they might buy sooner – while interest rates remain low – in fear that they might creep higher.
It’s not clear when the Bank of Canada could hike rates, with Governor Stephen Poloz signalling the bank remains cautious on any future increases amid economic uncertainty. Some investors are even betting on a rate cut this year.
The survey results are from an online poll conducted between Jan. 9-21 and Feb. 14-15 among 2,223 Canadian adults.