Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Vietnamese prosecutors sought the death penalty for real estate tycoon Truong My Lan, indicted in a $12 billion fraud case for her role in bribing government officials, violating bank lending rules and embezzling funds, VnExpress news website reported.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Apr 27, 2021
Bloomberg News
,U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market.
Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12 per cent in February from a year earlier, the biggest jump since 2006. That followed an 11.2 per cent gain in January.
Home prices in 20 U.S. cities jumped 11.9 per cent, meanwhile, beating the median estimate of 11.8 per cent in a Bloomberg survey of economists.
Historically low mortgage rates have been at the center of the pandemic housing rally, increasing buying power as Americans look to upgrade their properties. With inventory tight, prices have jumped to record highs.
Phoenix, San Diego and Seattle reported the biggest year-over-year gains among the 20 cities in February.