
CIFI Slumps by Record After Trading Resumes Following Halt
CIFI Holdings Group Co. shares plunged by a record after trading resumed following a nearly six-month suspension.
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CIFI Holdings Group Co. shares plunged by a record after trading resumed following a nearly six-month suspension.
Embattled Chinese developer Country Garden Holdings Co. faces another round of debt deadlines Wednesday, including one for dollar bond interest.
Chinese industrial profits rose at the fastest pace in at least more than a year in August, a further sign the economy may be stabilizing.
Asian stocks traded mixed as investors contemplated a protracted period of higher interest rates. The dollar held gains after its recent rally.
Australia’s monthly inflation gauge accelerated, reflecting global trends amid higher oil prices, bolstering the case for the Reserve Bank to hike at least one more time.
Sep 12, 2019
BNN Bloomberg
Liberal Party Leader Justin Trudeau said if re-elected his government would introduce new measures aimed at improving housing affordability, which would include a federal speculation tax on non-residents.
Trudeau said the one-per-cent annual levy would be modelled after the foreign buyers’ tax already in place in British Columbia. Ontario also implemented a similar tax under the previous provincial Liberal government.
In the announcement made from Victoria, B.C. on Thursday, Trudeau also said he would increase the value of a qualifying home in certain markets for the First-Time Home Buyers Incentive that was implemented earlier this month.
The cap on a qualifying home under the plan would increase to about $800,000 from $500,000 on homes in Toronto, Vancouver and Victoria if the Liberals win their re-election bid and would take effect in November.
Trudeau’s announcement came one day after he officially triggered the election campaign.