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.
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.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
Dec 5, 2017
BNN Bloomberg
While millennials struggle to gain a toehold in some of Canada’s priciest real estate markets, baby boomers who have profited from rising property prices are demonstrating a desire to give the next generation a helping hand.
A new survey released on Tuesday by Sotheby’s International Realty and Mustel Group shows six in 10 (61 per cent) urban baby boomers living in Toronto, Vancouver, Calgary, and Montreal say their investments in real estate have fared better than other investments. And despite a wave of measures by various levels of government and among regulators, almost half (47 per cent) of urban baby boomers expect more outperformance in the next half-decade.
And that confidence is translating into so-called living inheritances to facilitate home ownership for next-generation family members.
“Baby boomers affect the Canadian real estate market on multiple levels: as direct consumers who drive housing demand and product mix, as arbiters of market confidence, and as indirect influencers through their financial support of next generation home buyers,” Brad Henderson, president and CEO of Sotheby’s International Realty Canada, said in a release.
Here are some of the highlights from the survey: