Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Feb 26, 2020
The Canadian Press
VANCOUVER - The organization representing real estate agents in British Columbia has told a provincial inquiry into money laundering that its members have only ever accepted modest cash deposits in rare circumstances.
A lawyer for the B.C. Real Estate Association says the sector struck a working group in response to two government-commissioned reports last year that found the housing market had become a hotbed for dirty money.
Chris Weafer says the working group recommended that mortgage brokers and others in the real estate industry should only accept funds that are verifiable through Canadian financial institutions.
However, Weafer says an analysis shows that an acceptance of cash deposits in B.C. real estate has never been common practice unless there were extenuating circumstances, and even then amounts were modest.
Kevin Westell, representing the Canadian Bar Association and Criminal Defence Advocacy Society, told the inquiry today that lawyers should not be required to report to the Financial Transactions and Reports Analysis Centre, or Fintrac.
He says such a requirement would violate crucial solicitor-client privilege, compromise the independence of the bar and add to a "disturbing" trend of the B.C. government undermining the work of lawyers.