Fresh Stimulus Propels Emerging Markets to Fourth Week of Gains
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
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Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
A unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.
Nov 19, 2018
Bloomberg News
,Airbnb Inc. said it will stop renting out homes in Jewish settlements of the West Bank, a move that drew sharp rebukes from Israeli officials on Monday.
The San Francisco-based company said it would remove about 200 home and room rentals in the disputed region. Airbnb said that although U.S. law allows for it to continue operating there, it made the controversial decision after consulting with outside policy experts.
“Many in the global community have stated that companies should not do business here because they believe companies should not profit on lands where people have been displaced.” Airbnb wrote in a blog post. “We know that people will disagree with the decision and appreciate their perspective.”
Sure enough, Israeli Strategic Affairs Minister Gilad Erdan said homeowners affected by Airbnb’s ban should consider suing the company. Erdan said he plans to discuss Airbnb’s decision with “senior American officials” to see if the move violates U.S. anti-Israel boycott laws. Tourism Minister Yariv Levin called the move a “surrender to a boycott” and said he would seek to have an additional tax imposed on Airbnb’s activities in Israel.
Nick Papas, a spokesman for Airbnb, declined to comment on the officials’ statements. Papas said the Israeli settlement listings would be removed from Airbnb’s website in the coming days.
For years, critics have accused Airbnb of benefiting from rentals in Jewish outposts at the center of conflict in the region. Palestinian leaders have long sought statehood and fought for the removal of Israeli settlements in the West Bank.