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’.
Latest Videos
The information you requested is not available at this time, please check back again soon.
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.
A Vietnamese real estate tycoon on trial in a $12 billion fraud case should receive the death penalty for allegedly bribing government officials, violating bank lending regulations and embezzlement, government prosecutors proposed to the Ho Chi Minh City People’s Court, VnExpress news website reported.
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.
Jul 6, 2022
Bloomberg News
,Downtown Toronto’s office-vacancy rate hit a record in the second quarter as fears of a slowing economy and the persistent popularity of remote work curtailed appetites for new space.
The rate rose to 11.9 per cent as nearly half a million square feet of space that became available downtown in Canada’s financial capital failed to find a tenant, according to a report Wednesday by commercial brokerage CBRE.
With inflation running at its hottest in decades and central banks jacking up interest rates to rein it in, economists see the chances for a recession increasing across the developed world. Canada, where those odds stand at one in four, is no exception. The increasingly cloudy economic outlook has made firms more hesitant on new office leases and reluctant to reverse the remote-working arrangements they’d adopted during the pandemic.
“Heightened economic and tech-sector uncertainty saw many Toronto tenants put new leasing on hold,” CBRE said in its report.