Asia Stocks to Track US Rebound on Profit Optimism: Markets Wrap
European stocks rose for a second day after strong earnings from some of the region’s biggest companies, while positive economic data helped boost sentiment.
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European stocks rose for a second day after strong earnings from some of the region’s biggest companies, while positive economic data helped boost sentiment.
Taylor Wimpey Plc is failing to see lower mortgage rates translate into higher levels of home sales and is maintaining its forecast for fewer deals in 2024.
Chinese mainland investors increased their portion of total turnover of Hong Kong stocks to a record daily average in April, with the latest measures to bolster the city’s position potentially boosting their purchases.
Zhao Xiaowei did what would have been unthinkable just a few years ago: He quit his Beijing barista job and returned to his northeastern rust-belt hometown for a better future.
South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow banking.
Mar 22, 2017
The Canadian Press
OTTAWA - Today's federal budget is dedicating $11.2 billion to cities and provinces for affordable housing over the coming decade as part of the second wave of the government's infrastructure program.
Of that money, which comes from the government's social infrastructure fund, $5 billion will be to encourage housing providers to pool their resources with private partners, and to allow the Canada Mortgage and Housing Corporation to provide more direct loans to cities.
The details are among many laid out in the budget, which details how the government plans to spend the $81 billion it is making available between now and 2028 to address Canada's future infrastructure needs.
The Liberals clearly see a need to attract private investors to help pay for infrastructure projects, including affordable housing, given the federal government's tight fiscal position.
A proposed new infrastructure bank would use public dollars to leverage private investment in three key areas: trade corridors, green infrastructure, and public transit.
The government is setting aside $15 billion in cash for the bank, with spending set to start as early as the next fiscal year on projects based on budget projections.