Hong Kong’s Economic Growth Beats Forecast in First Quarter
Hong Kong’s economy grew faster than expected in the first quarter, a tentative sign that the city’s post-pandemic recovery is stabilizing.
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Hong Kong’s economy grew faster than expected in the first quarter, a tentative sign that the city’s post-pandemic recovery is stabilizing.
Hong Kong’s world-beating stock rally is showing no signs of letting up, with the city’s currency peg to the greenback burnishing its haven appeal amid the threat of higher-for-longer US interest rates.
Bankruptcies in Sweden extended their streak of annual increases to 21 months in April, according to data from Creditsafe, which expects no immediate relief even as inflation slows and rate cuts are approaching.
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
The Czech Republic is poised to cut interest rates by another half of a percentage point, but a nascent economic recovery and sticky inflation may slow monetary easing in the following months.
Jul 19, 2016
The Canadian Press
TORONTO -- Commercial real estate firm CBRE says Toronto has the lowest downtown office vacancy rate in North America.
A new report says the vacancy rate in Toronto's office real estate market dropped to 4.9 per cent in the second quarter of the year.
That's a decline of 40 basis points compared to the first quarter of the year, when the vacancy rate was 5.3 per cent.
CBRE says vacancy rates in the office market in downtown Toronto have been going down since 2013, thanks to strong demand from tenants.
That's despite the fact that almost four million square feet of new space has come onto the market since then.
In terms of industrial space, Vancouver has overtaken Toronto to have the lowest availability rate in the country, dropping to 3.6 per cent during the second quarter, a decrease of 50 basis points from the previous quarter.