UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
(Bloomberg) -- China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Jun 8, 2016
BNN Bloomberg
,Finance Minister Bill Morneau said on Wednesday the federal government is open to more intervention in the country’s housing market, but stopped short of calling it a bubble.
Morneau, speaking at The Economist Canada Summit in Toronto, said Ottawa is conducting a “deep dive” to examine drivers in the housing market, including whether foreign investment is fueling surging home prices.
“We’re considering all the evidence to ensure Canadians can buy homes,” Morneau told reporters after his talk at the conference.
John Manley, president and CEO of the Business Council of Canada, told BNN in an interview that the housing market is suffering from a supply issue.
“I think at this point many [CEOs] are still saying what you’re really dealing with in these markets is supply and demand,” he said. “Until supply meets demand, you are going to see price pressures.”
Morneau said Ottawa will weigh new policy moves to keep Canada’s real estate market “healthy,” but did not indicate a timeline on when the government would take action.
He also acknowledged how difficult it’s become for some Canadians to buy a home.
“Very clearly in Canada this is a huge issue… People aspire to be able to buy a home. If you’re in Vancouver today, it’s challenging for people to think about how they can get into the market, and how their children can get into the market,” he said.
“So it’s a very real issue for Canadians. But we recognize it’s a complicated issue.”
The summit, broadcast in partnership with BNN, is exploring Canada's role in the global economy and how the country can become more competitive.