NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
Oct 18, 2018
Bloomberg News
,(Bloomberg) -- Robert Toll will step down from his position as executive chairman of the homebuilder he co-founded, effective Nov. 1.
Chief Executive Officer Doug Yearley will become chairman of Toll Brothers Inc., the company said. Toll, 77, will continue to serve on the board of directors and as a special adviser to the company. He was well-known among analysts and reporters for his comments on earnings conference calls, when he would assign a letter-grade rating to each of the markets where the company builds homes.
As the housing market was slowing in 2007 and 2008, he assigned grades of F to regions such as Orlando, Tampa and the west coast of Florida, as well the New Jersey suburbs and Chicago.
Toll, the country’s largest luxury homebuilder, was founded more than 50 years ago. Its shares rose 0.4 percent today to $31.30. They are down about 35 percent this year.
To contact the reporter on this story: Oshrat Carmiel in New York at ocarmiel1@bloomberg.net
To contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Rob Urban, Christine Maurus
©2018 Bloomberg L.P.