Greece to Increase Minimum Wage by €50 a Month From April 1
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
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Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Jul 13, 2016
The Canadian Press
TORONTO -- Realtor Royal LePage says the national average home price climbed 9.2 per cent during the second quarter compared to a year ago -- the largest year-over-year gain in five years.
In its latest report, the realtor says the national average home price grew to $540,223 during the quarter, fuelled by low borrowing rates.
Royal LePage says the average price of a two-storey home rose 10.7 per cent from a year ago to $619,671.
The average bungalow price climbed 7.9 per cent to $437,121, while the average condo price was $348,189, an increase of 4.2 per cent.
The real estate agency is predicting that during the second half of the year, the average home price will increase 12.4 per cent, compared to the second half of last year.
The company says that's because the U.K.'s vote to leave the European Union will likely prevent central bankers from raising interest rates, therefore delaying any cyclical cooling of Canada's hottest real estate markets.
"Our forecasting models, which pointed to a slowing housing market as the year progressed, included a modest increase in the cost of borrowing," Phil Soper, president and CEO of Royal LePage, said in a statement.
"Economic and social disruptions have rocked the world once again, introducing new risks and making it very likely that the Bank of Canada will leave interest rates as is for now. Few industries are as rate-sensitive as real estate. We don't see even a mild correction for either the Toronto or pistol-hot Vancouver markets in 2016."