Singapore may be tiny by geographical size, but its sway in the property management industry is anything but small.
Former Harbinger Capital hedge fund manager Philip Falcone was accused in a New York lawsuit of defaulting on $65.8 million in loans and violating the terms of lending agreements by selling two paintings used as collateral, including one by Andy Warhol.
Easing Canada’s mortgage stress tests will not have a material impact on Canada’s hottest housing markets, according to CIBC’s deputy chief economist.
Markets should pay close attention to Democratic presidential candidate Michael Bloomberg as a counterweight to Bernie Sanders, and as the likely trigger of a brokered convention that may lengthen primary season uncertainty to June from March, according to Citi.
It’s times like this that jog the memories of equity investors, reminding them the value of diversifying as risk-off sentiment roils U.S. markets.
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