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Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
Chinese developer Country Garden Holdings Co., one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.
The East London financial district is struggling to retain some major occupiers but its not all doom and gloom.
Centerbridge Partners’ Billy Rahm, who oversees global real estate investing, is leaving the firm, according to people with knowledge of the matter.
Uniti Group Inc. is in advanced talks to reunite with telecommunications provider Windstream in a merger that could be valued at up to $15 billion, including debt, according to people familiar with the matter. Uniti rose as much as 13%.
Jul 7, 2017
, Reuters
Royal Bank of Canada (RY.TO) said it boosted interest rates on its fixed-term mortgages by 20 basis points, ahead of an anticipated increase in the benchmark interest rate by Canada's central bank.
The new two-year rate is 2.54 per cent while the three-year rate is 2.64 per cent and the five-year rate is 2.84 per cent, for mortgages with amortization periods of 25 years or less.
"This rate increase reflects recent activity by competitors, and the current costs that we incur for funds on the wholesale market as well as other costs and market considerations," RBCspokeswoman Jill Anzarut said in a statement.
The Globe and Mail had earlier reported about RBC's fixed-term mortgages rates hike.
