FIFA Amends Rules to Allow Headquarters to Move from Zurich
Football’s global governing body opened the door to potentially moving its headquarters from Zurich, while stressing that it’s “happy” for now having its main office in Switzerland.
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Football’s global governing body opened the door to potentially moving its headquarters from Zurich, while stressing that it’s “happy” for now having its main office in Switzerland.
Dubai has picked banks including Emirates NBD Capital and JPMorgan Chase & Co. to work on the planned initial public offering of construction firm ALEC, according to people familiar with the matter.
Xi Jinping’s government announced its most forceful attempt yet to rescue the beleaguered Chinese property market, relaxing mortgage rules and urging local governments to buy unsold homes as authorities become increasingly concerned about the sector’s drag on economic growth.
The People’s Bank of China will establish a nationwide program to unleash 300 billion yuan ($41.5 billion) in cheap funding to help state-owned companies buy unsold homes.
Emerging-market stocks and currencies headed for a fourth consecutive week of gains as investors weighed US rate cut prospects amid fresh efforts by developing nations to shore up their economies from China to Turkey.
Mar 8, 2018
Reuters
,OTTAWA - Canadian new home prices were unchanged for the second month in a row in January, in part due to weakness in Toronto, the country's single largest market, Statistics Canada said on Thursday.
Analysts in a Reuters poll had expected prices to rise by 0.1 per cent from December. January marked the first time in exactly three years that home prices have stayed flat for two consecutive months.
In Toronto, which represents 27.9 per cent of the overall market in Canada, prices slipped by 0.1 per cent, the first decline since July 2014.
Last April the Ontario provincial government announced measures to cool the market in the city and surrounding areas. Statscan said higher mortgage rates may also have helped moderate prices nationally.
In Vancouver, another hot market where authorities have intervened, prices were flat.
The new housing price index excludes apartments and condominiums, which the government says are a particular cause for concern over overheated prices and which account for one-third of new housing.