Swedish Home Prices Swell With Buyers Expecting Rate Cuts
Swedish home prices rose for a third month as buyers expect some relief from lower borrowing costs.
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Swedish home prices rose for a third month as buyers expect some relief from lower borrowing costs.
United Overseas Bank Ltd. first-quarter profit came in above estimates even as its outlook was overshadowed by stronger projections at larger rival DBS Group Holdings Ltd.
Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing.
The momentum behind one of the world’s biggest stock rallies in China will likely abate, according to Morgan Stanley.
As the Chinese bond market undergoes a powerful rally, the nation’s so-called policy banks are turning away from the People’s Bank of China as a source of funding and rushing to raise debt instead.
Dec 18, 2017
Reuters
,Short-term home rental service Airbnb said on Monday it would record a full year of profitability in 2017, helped by growth in emerging markets such as China.
"We will be profitable, as measured by EBITDA," said Chris Lehane, global head of policy and public affairs, in a conference call.
"The third quarter was the strongest quarter in the company's history and this year."
The company said guest arrivals in its listings in the Chinese market nearly tripled from last year.
Airbnb has over four million listings globally and over 200 million guest arrivals in listings, according to a company data published in August.
Founded in 2008, the company is widely expected to debut in 2018 and would be one of the most sought-after IPOs.