NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
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Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
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Jul 14, 2016
Reuters
,OTTAWA - Canadian new home prices in May grew at their fastest pace in almost nine years, soaring 0.7 per cent from April on strength in the booming markets of Toronto and Vancouver, Statistics Canada said on Thursday.
Analysts polled by Reuters had predicted a 0.2 per cent advance. May's increase was the largest since the 1.0 per cent jump recorded in July 2007.
The Liberal government is concerned about rapidly rising prices in Toronto and Vancouver and is mulling more restrictions on mortgages.
The combined region of Toronto and Oshawa - which accounts for 27.92 per cent of the entire Canadian market - posted a 1.9 per cent gain, the highest in 27 years. Builders cited market conditions and the price of land.
Market conditions also helped drive up new home prices in Vancouver by 1.1 per cent.
Overall, housing prices increased by 2.7 per cent from May 2015, the largest year-on-year rise since the 2.7 per cent advance seen in September 2010.
The new housing price index excludes apartments and condominiums, which the government says are a particular cause for concern and which account for one-third of new housing.