Sweden’s Economy Keeps Shrinking for a Fourth Straight Quarter
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
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Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
Britain’s homebuilding approval process is failing to cope with a surge in local protectionism that’s driving more costs to the taxpayer
Sep 20, 2016
The Canadian Press
BURNABY, B.C. - The British Columbia government is spending $500 million on more rental housing in the province.
Premier Christy Clark announced the money will be used to create 2,900 rental units in a partnership with non-profit groups, local governments, community agencies and the private sector.
The government says it's the largest single housing investment in a single year by any province in Canada.
Clark says the announcement is a significant step towards helping more people find an affordable place to live.
The money will fund a mix of housing for low-to moderate-income earners, seniors, students, adults with developmental disabilities, aboriginals and single parents.
Last week, Finance Minister Mike de Jong announced that an extra billion dollars in real estate taxes and $1.3 billion in higher income taxes helped to boost revenue, allowing some of that money to be used for housing.