Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
A Vietnamese real estate tycoon on trial in a $12 billion fraud case should receive the death penalty for allegedly bribing government officials, violating bank lending regulations and embezzlement, government prosecutors proposed to the Ho Chi Minh City People’s Court, VnExpress news website reported.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Sep 1, 2017
BNN Bloomberg
,Quebec Finance Minister Carlos Leitao says his province has no plan to implement a foreign homebuyers’ tax right now, despite signs that the market is heating up.
“At this point, we have no intention of doing that,” he told BNN in an interview Friday. “However, we are closely monitoring the situation. We saw what happened in Toronto and in Vancouver.”
“In Montreal, prices are rising, but that is being driven by demand,” he added, noting supply is keeping pace.
The latest data from the Greater Montreal Real Estate Board revealed home sales jumped 16 per cent in July.
Prices for the month climbed as well, with the median price of a single-family home rising $323,000, up eight per cent from July 2016. And the median condominium price edged up two per cent to $256,000.
But still, Leitao says Quebec is “in a relatively well-balanced market.”
He says, however, the province is ready to make a policy move if necessary.
“We are ready,” he said. “If need be, we can do that. But at this point we have no intention of doing so.”