Chinese Property Shares Lead Market Rebound as Optimism Rises
Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
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Chinese property shares surged, leading gains in the broader market, as sentiment got a boost after a major developer reached a solution with bondholders for its liquidity issues.
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
May 27, 2020
BNN Bloomberg
,As the COVID-19 pandemic batters retailers across Canada, Recipe Unlimited Corporation’s chairman is decrying commercial landlords who have refused to provide rent relief.
Recipe Unlimited runs 1,400 restaurants throughout the country and owns 19 brands including Swiss Chalet, Harvey’s and The Keg Steakhouse.
“I don’t want to name names, but there’s been some very good landlords that have been very helpful, and there’s been others who are the king that want to kick you when you’re down,” Paul Rivett, chairman of Recipe Unlimited, said in an interview with BNN Bloomberg on Thursday.
He said these “extremely bad” landlords not only want full rent but also “additional concessions.”
“It’s just the wrong time for that. We need people to be fair and understanding and follow the lead of our federal government that’s trying to help people get through this little dip,” Rivett said, adding that hundreds of the company’s franchisees are first-generation immigrants, many of whom are struggling as their restaurants close.
He said a moratorium on seizures, or store closures, may be “something we need here” in Canada if landlords “don’t start to play ball.”
Rivett — who was a central figure in the Torstar Corp. go-private announcement made on Tuesday — also said landlords should focus more on helping their tenants as commercial real estate depreciates amid widespread store closures.
“Commercial real estate, someone said to me recently; it’s either worth less or worthless,” he said.
“That’s all the more reason for landlords to work with retail businesses that need and want to come back, but can’t afford to pay full rent when their business isn’t open.”