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.
Aug 10, 2017
Reuters
,OTTAWA - New housing prices in Canada rose less than expected in June as Toronto paused for the first time in six months following provincial government measures to rein in the hot market, data from Statistics Canada showed on Thursday.
National prices rose 0.2 per cent from the month before, short of analysts' forecasts for a gain of 0.4 per cent. The new housing price index excludes apartments and condominiums.
Prices in Toronto, Canada's largest city, were unchanged on a monthly basis for the first time since December 2016. Prices also paused in nearby areas, including Oshawa and Hamilton, where home values have been driven up as high costs in Toronto pushed potential buyers elsewhere.
A rapid acceleration in Toronto home prices prompted the Ontario government to introduce a foreign buyers' tax and a number of other measures in April amid fears the market was becoming overheated. Toronto home sales have fallen since then.
Prices in Vancouver, where the British Columbia government imposed its own foreign buyers' tax last August, rose 1.5 percent, making the west coast city one of the top contributors to the national increase.
Activity in Vancouver initially cooled following last year's tax but the market has shown signs of recovery lately. Economists are watching to see whether Toronto will follow a similar path.