Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
Jan 9, 2019
Bloomberg News
,Luxury-home markets across Canada’s biggest cities tumbled last year on the heels of regulations set by the federal and provincial governments to curb soaring prices and debt. Here’s what brokerage Sotheby’s International Realty Canada expects for 2019.
Toronto
In Canada’s biggest city, luxury sales -- homes priced above $1 million -- took a hit in early 2018 but gained traction in the second half of the year, buoyed by steady economic growth and population gains that significantly beat the national average. Demand for high-end real estate is projected to outpace supply and continue driving up prices through the first quarter.
Vancouver
The West Coast city will push further into a buyers’ market. New provincial taxes and rules enacted last year left an excess supply of high-end listings. Luxury sales dropped 36 per cent in the second half from a year earlier and are expected to retreat further in the first three months of 2019 while inventory continues to rise.
Calgary
Luxury sales -- which fell 10 per cent last year from 2017 -- are still facing pressures from weaker oil prices. And with forecasts lowered for general investment in the city, lukewarm demand for real estate is expected to persist.
Montreal
High-end home sales in the city reached new heights in 2018, jumping 20 per cent from 2017, driven by the strong economy, employment boom and rising investment in public infrastructure. The market is expected to stabilize in the first quarter.