Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
Jul 24, 2021
Bloomberg News
,(Bloomberg) --
A senior Berlin lawmaker expects the city to buy apartments from Vonovia SE and Deutsche Wohnen SE even though a tie-up of Germany’s largest residential landlords is poised to fail.
“We continue to expect that both firms will approach us if and how the acquisition” of apartments from the city will go ahead, finance senator Matthias Kollatz told the German news agency DPA on Saturday.
To win political backing for the deal,, Deutsche Wohnen and Vonovia offered to sell about 20,000 apartments to the Berlin government, build some 13,000 new units, and limit rent increases.
Vonovia said Friday its $22 billion cash offer for Deutsche Wohnen was set to fail because of insufficient shareholder support, but left the door open for a renewed approach.
Vonovia “will carefully consider all options including the launch of another public offer,” it said.
“Time is on our side,” Vonovia Chief Executive Officer Rolf Buch told Handelsblatt in an interview Saturday, adding that while nothing can be ruled out, success also isn’t guaranteed.
Read more: Berlin May Vote on Expropriating Landlords Amid Tenant Ire
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