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.
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 20, 2022
Bloomberg News
,(Bloomberg) -- U.S. commercial real estate deals reached a record high of $809 billion last year as the market rebounded from the depths of the pandemic, according to Real Capital Analytics.
Investor appetites for apartments and industrial properties were largely behind the surge, the firm said in a report Thursday.
Values jumped a record-high 23% across Real Capital’s index -- encompassing office, industrial, retail and apartment properties. While a bounce-back from “panic-induced pricing” in 2020 accounted for some of the increase, income growth for warehouses and apartments has pushed investors to pay more for those assets, the firm said. Office prices also saw some gains, driven largely by suburban properties.
Demand for commercial real estate soared in the past year as investors got more optimistic about the U.S. recovery. With more people getting vaccinated, companies started to bring workers back to offices, retail and tourism traffic grew and apartment occupancies climbed.
Markets with large concentrations of multifamily and industrial properties saw more traction. Dallas held the top spot for investment, while Manhattan ranked ninth, its worst position ever, according to the report.
“With uncertainty still plaguing the office sector, and its industrial needs outsourced to neighboring markets, Manhattan is fundamentally not structured to land atop the ranks,” Real Capital said.
©2022 Bloomberg L.P.