Australia Banks Shower Investors in Buybacks Amid Mortgage Fight
Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing.
As the Chinese bond market undergoes a powerful rally, the nation’s so-called policy banks are turning away from the People’s Bank of China as a source of funding and rushing to raise debt instead.
Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all this tightening cycle.
Two of the world’s biggest property investors are split on the current state of the US commercial real estate cycle.
Rents in most major US metropolitan areas have risen some 1.5 times faster than wages in the last four years, according to an analysis by Zillow Group Inc.
Dec 18, 2018
Bloomberg News
,(Bloomberg) -- U.S. new-home construction rebounded to the best pace since August last month while permits rose to a seven-month high, a sign homebuilding is potentially stabilizing even as higher prices and borrowing costs pose headwinds.
Residential starts rose 3.2 percent to a 1.26 million annualized rate, exceeding forecasts, after a 1.22 million pace in the prior month that was revised down slightly, government figures showed Tuesday. Single-family starts, a key segment, fell to the lowest since May 2017. Permits, a proxy for future construction, climbed.
Key Insights
Get More
©2018 Bloomberg L.P.