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.
Jan 8, 2019
The Canadian Press
TORONTO - The chief executive of Canadian Imperial Bank of Commerce says he expects overall mortgage growth in the country to be flat or in the low-single digits for the "foreseeable future."
Victor Dodig says the potential for mortgage growth to turn negative will hinge on whether the Canadian housing market takes a negative turn, driven by other macroeconomic factors.
The CIBC chief's comments at the RBC Capital Markets Banking CEO conference today come after the Canadian Real Estate Association said national home sales are projected to fall to a near-decade low this year.
CREA last month said rising interest rates and strict mortgage stress-test rules continue to weigh on homebuyer sentiment.
Toronto-Dominion Bank chief executive Bharat Masrani told the conference today that he expects mortgage growth in the mid-single digits for 2019.
Scotiabank's CEO Brian Porter says that mortgage activity in the first couple months has been "quite strong," but it remains to be seen what will happen during the crucial spring real estate season.