Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Stocks advanced with Treasuries as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
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Stocks advanced with Treasuries as global markets steadied after turbulence driven by misfiring bets over the scale and timing of interest rate cuts by the Federal Reserve.
An apartment tower in downtown Brooklyn has ditched fossil fuel heating and appliances as new city rules on energy efficiency are phased in.
President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.
The 4,615-square-foot home atop the Stratford Hotel is from the developer behind Chiltern Firehouse.
Ken Griffin’s Citadel and Citadel Securities will move their London spot to a new office tower on the edge of the City of London.
Oct 11, 2017
The Canadian Press
TORONTO - A prominent Canadian think tank has come out against requiring a new stress test for all uninsured mortgages.
A Fraser Institute study published Wednesday argues that it's unnecessary to impose the stress test on "financially sound" home buyers.
The study's author also argues the proposed stress test "will do more harm than good" by limiting access to mortgages for some home buyers.
The think tank's study is being published as the federal Office of the Superintendent of Financial Institutions finalizes new lending guidelines.
The head OSFI has said that Canada's banking regulator wants to reduce the risk of mortgage defaults because of high levels of household debt.
The Fraser Institute is an independent, non-partisan organization that tends to prefer free-market policies over government regulation.