Latest Videos
The information you requested is not available at this time, please check back again soon.
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.
Feb 8, 2022
, Bloomberg News
(Bloomberg) -- China eased a year-long cap on loans for the real estate sector to fund public rental housing, as the government tackles a slumping property market and pushes “common prosperity.”
Bank loans to fund low-cost rental property projects will no longer be subject to regulatory curbs, the People’s Bank of China said in a statement on Tuesday. Early last year, lenders were told to trim their loan exposure to the property sector to a certain level.
China is stepping up efforts to develop more rental properties, as homes in big cities are largely unaffordable for many young people and migrant workers after years of rapid price gains. Starting more public real estate projects may also help counter a slowdown in real estate development under a spreading liquidity crisis in the industry.
A total of 6.5 million homes for leasing purposes will be built across 40 major cities in the five years through 2025, the Ministry of Housing and Urban-Rural Development said last month. The homes will account for around 26% of new housing supply in the cities during the 14th five-year plan period and benefit 13 million young people and new residents, it said.
©2022 Bloomberg L.P.
