Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push
Like Apollo and KKR, the buyout giant is forging close ties with insurance firms as it hunts for new business and ready money. Regulators are starting to worry.
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Like Apollo and KKR, the buyout giant is forging close ties with insurance firms as it hunts for new business and ready money. Regulators are starting to worry.
Three years after pandemic-era funding led to a boom in Black-owned businesses in the US, the cohort of entrepreneurs seeking to expand is facing the same barriers to capital that hampered generations of owners before them.
When Berkshire Hathaway Inc. devotees gather in Omaha on Saturday for its annual meeting, there will be a noticeable void on stage.
Hong Kong’s economy grew faster than expected in the first quarter, a tentative sign that the city’s post-pandemic recovery is stabilizing.
Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.
Sep 8, 2016
The Canadian Press
OTTAWA - Canada Mortgage and Housing Corp. says the pace of housing construction slowed in August, mostly because of a decline in multi-unit projects.
The seasonally adjusted rate of housing starts last month was 182,703 units, down six per cent from 194,663 units in July.
CMHC says the six-month trend -- which smoothes out month-to-month variations -- slipped by about three per cent to 195,640 units started in August from 201,379 units started in July.
The bulk of the decline was due to a drop in multiple-unit dwellings in urban areas, which fell by 7.3 per cent month-over-month to 111,378 units in August, on a seasonally adjusted basis.
There was a smaller decline in urban single-detached houses in August, which fell by 3.7 per cent month-over-month to 56,501 units, seasonally adjusted.
CMHC says most of Canada's regions saw a decline in urban housing starts last month. Only Quebec showed an increase.
The agency officially released the monthly statistics on Thursday afternoon -- ahead of schedule -- due to a technical malfunction that published some of the information prematurely late Wednesday. The release was originally scheduled for Friday morning.