Israel's Ban on Palestinian Workers Is Hurting Both Economies
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Apr 26, 2021
Bloomberg News
,For the first time in more than 15 years, it’s cheaper to buy a new house than a previously owned dwelling.
The premium for newly built homes vanished last month as low supply fueled price increases in the broader market and erased the discount traditionally associated with older properties.
The median sales price of a previously owned single-family home rose to US$334,500 in March, the latest National Association of Realtors data show. Meanwhile, new properties sold for a median US$330,800, according to a government report, marking a reversal in the differential for the first time since June 2005.
Prices -- which can vary widely each month depending on the composition of properties sold -- increased on a year-over-year basis, but the gains were much larger for older houses. That resale prices have risen so sharply reflects an historically low level of properties available: There were 900,000 existing homes for sale last month, down more than 30 per cent from a year ago.
The number of new homes sold and awaiting the start of construction, meanwhile, climbed to the highest level since September 2006. That’s a sign that builders have their work cut out for them as demand far exceeds supply.