Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.
The jury in Donald Trump’s hush money criminal trial heard a secret recording in which the former president discussed a payment with his then-lawyer Michael Cohen months before the 2016 election.
A “broken” model in banking is creating issues for financing in the commercial real estate industry, according to Josh Zegen, co-founder of Madison Realty Capital.
Nov 8, 2019
Bloomberg News
,WeWork said Friday that it added twice as many rented desks at its co-working spaces in the third quarter compared with same period the year before, even as its hotly anticipated initial public offering was imploding. The company also confirmed that it would divest businesses, including Meetup and its investment in the Wing.
The New York-based company shared new information publicly about its business that had been compiled for lenders in October for a potential debt package organized by JPMorgan Chase & Co. The data was previously only available to those who signed nondisclosure agreements, WeWork said.
As it added new members, the beleaguered company reported a drop in occupancy rate, down to 80 per cent from 83 per cent the year before. Occupancy in China and elsewhere in Asia were particularly low.
The investor presentation, which is dated Oct. 11, tries to put a positive spin on the upheaval it went through in the past few months. It describes the “member experience” for its customers as “focused.”