UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
(Bloomberg) -- China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Dec 7, 2023
BNN Bloomberg
A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
The BMO survey shows 52 per cent of respondents looking to buy a property are likely to use their first home savings account to save for the purchase but 69 per cent of Canadians reported they're not knowledgeable about the features and benefits of the account.
The federal government launched the account in April to provide home buyers with another vehicle to save up for their first home as affordability erodes in the housing market.
The survey questioned 1,510 Canadians between Nov. 3 and 8, with a margin of error of 2.5 per cent.
A first home savings account combines features of a registered retirement savings plan and tax-free savings account and allows the account holder to invest in securities such as GICs, ETFs and mutual funds.
Buyers can contribute up to $8,000 per year to the account with a lifetime contribution limit of $40,000.
This report by The Canadian Press was first published Dec. 7, 2023.