The insolvency tribunal’s decision on Essar could cause credit costs to surge, bank shares to drop and foreign investors to exit.
When Kevin Tsang tuned into Carrie Lam’s predawn press conference to condemn protesters who had ransacked government offices during a dramatic escalation of tensions over Hong Kong’s controversial extradition bill, he didn’t like what he heard.
As global monetary policy shifts direction, the Bank of Korea faces rising risks to economic growth but remains wary of record household debt and potential property bubbles.
CMHC estimates alternative lenders held $13 billion to $14 billion of outstanding Canadian mortgages in 2018 -- up from $11 billion to $12 billion the year prior and $8 billion to $10 billion in 2016.
Apartment construction in big buildings hit a record in the U.S. in 2018. Smaller-scale multifamily housing is barely being built at all.
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