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.
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.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Liberals' mortgage help for first-time buyers lands Sept. 2
The Canadian Press
Ottawa's first time homebuyer's incentive is flawed: Economist
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OTTAWA - The federal Liberals say a new program to help new buyers pay for their first home will kick in on Labour Day.
The program that will help cover some mortgage costs will be available starting Sept. 2, only weeks before the October federal election.
The government's plan will see it pick up five per cent of a mortgage on existing homes for households that earn under $120,000 a year, on a mortgage of no more than $480,000.
It plans to cover up to 10 per cent to spur construction for new homes.
There isn't any interest on the federal money.
A buyer will have to repay it if they sell their house, or after 25 years of living in the home.
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