At the biggest mortgage bank in the world’s largest covered-bond market, a banker took a few steps away from his desk this week to make sure his eyes weren’t deceiving him.
Kushner Cos., the real estate firm owned by the family of President Donald Trump’s son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia -- the company’s biggest purchase in a decade.
Oil is on track for its biggest weekly drop since December as mounting trade tensions between the world’s biggest economies sent investors fleeing from risky assets.
Economists covering Colombia were whipsawed as two ratings agencies changed their outlook for the nation’s credit rating in opposite directions in the space of an hour.
India’s economy is set for a major boost if Prime Minister Narendra Modi follows through with key campaign promises following his party’s sweeping election victory.
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