Vanke Slams Moody’s Downgrade, Citing Shareholder Support
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Latest Videos
The information you requested is not available at this time, please check back again soon.
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
Above and beyond the obvious damage, wildfires levied a hidden cost on the finance industry: Mortgage lenders and investors lost more than $30 billion between 2020 and 2022, due to both accelerated defaults and prepayments following disastrous blazes.
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
(Bloomberg) -- 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.
Jul 28, 2020
Bloomberg News
,The U.S. homeownership rate jumped to the highest since 2008, signaling that the housing boom under way before the pandemic has only accelerated.
The rate was 67.9 per cent in the second quarter, according to a Census Bureau report Tuesday. It was the fourth straight increase, climbing from 65.3 per cent in the previous three months.
The housing market has defied expectations, rebounding strongly after a pause starting in March when most U.S. businesses shut down to slow the spread of COVID-19. Americans with jobs have been eager to move away from densely packed cities and apartment buildings, and the drop in borrowing costs to a record low in the quarter widened the pool of potential buyers.
“Mortgage rates are the icing on the cake for households that were thinking about buying,” said Ralph McLaughlin, chief economist for Haus, a co-investment platform for homebuyers. “They found an unexpected opportunity during the worst economic downturn America has seen since the Great Depression.”