
Evergrande Suspends Trading in Hong Kong, Along With Units
China Evergrande Group and its units suspended trading in Hong Kong, a day after people familiar with the matter said the property giant’s founder had been taken away by police.
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China Evergrande Group and its units suspended trading in Hong Kong, a day after people familiar with the matter said the property giant’s founder had been taken away by police.
Thai Prime Minister Srettha Thavisin, a property tycoon-turned politician, will donate his salary and other allowances he’s entitled to from his political offices to charities.
Shares in Asia fell as a jump in global oil prices emboldened the higher-for-longer rates narrative, sapping risk sentiment as some markets in the region prepare for a holiday.
Hong Kong’s government is “constantly reviewing” the property market environment with a pragmatic attitude, Financial Secretary Paul Chan said in the latest hint at potentially easing curbs.
Australian retail sales rose at a weaker pace than expected in August in a sign that the Reserve Bank’s rapid interest-rate increases are weighing on the economy.
Mar 17, 2023
BNN Bloomberg
,Canadian housing prices went down in February for the tenth consecutive month but the decline was smaller than in January, according to the Teranet-National BankTM Composite House Price Index.
The report published Friday said home prices declined 0.3 per cent from January to February, a smaller drop than the 1.1 per cent decrease from a month earlier.
Toronto and Calgary saw the biggest contractions, down 2.7 per cent and 2.4 per cent, respectively, followed by Halifax, which was down at 1.8 per cent. Edmonton, Hamilton, Montreal and Ottawa-Gatineau also saw declining prices.
Meanwhile, Vancouver housing prices increased 3.8 per cent in February, as did Victoria with a 1.9 per cent increase and Quebec City at 0.1 per cent. Prices in Winnipeg remained stable.
The index, which tracks 11 cities, declined 4.7 per cent from February 2022 to February 2023, marking the second consecutive month with a negative annual index change.