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.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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.
Jul 13, 2022
The Canadian Press
Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year.
The real estate brokerage says it now expects the aggregate price of a home in Canada in the fourth quarter of this year will be up 5.0 per cent compared with the same quarter in 2021.
The forecast is down from an April estimate for a 15.0 per cent year-over-year increase for the fourth quarter.
It says it lowered the forecast following more aggressive than expected interest rate hikes by the Bank of Canada, resulting in an expected temporary drop in demand in parts of southern Ontario and British Columbia.
In its house price survey, Royal LePage says the aggregate price of a home in Canada in the second quarter was $815,000, up 12.1 per cent compared with a year ago. However, it was down 4.9 per cent compared with its record high in the first quarter of this year.
Royal LePage says it was the first quarter in more than three years to post a quarter-over-quarter decline in home prices.
"Some of the heat that was driving the market cooled during the quarter as rising interest rates coupled with economic uncertainty undermined consumer confidence and pushed buyers to the sidelines," Royal LePage CEO Phil Soper said in a statement.
"We have significantly reduced our outlook for 2022, however home prices are still forecast to end the year higher than 2021 and well above pre-pandemic norms."