Greece to Increase Minimum Wage by €50 a Month From April 1
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
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Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Apr 11, 2018
BNN Bloomberg
,Toronto condo renters are facing sticker shock amid a supply crunch as new mortgage rules have been pushing more prospective homebuyers into the condo market.
The average monthly rent for a Toronto condo surged 10.7 per cent year-over-year to $2,206 in the first quarter of 2018, according to a report released Wednesday by real estate consulting firm Urbanation.
The report said renters have moved more toward cheaper rental options like studio apartments and one-bedroom-without-den units as rents rise.
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The number of rental units up for grabs in the Greater Toronto Area dropped 12 per cent year-over-year, while listings sat on the market for an average of 18 days compared to 20 days a year earlier. And a total of 5,302 condos were leased in the first quarter, marking the lowest level in three years.
“Renters in the GTA are facing very strong market forces that are pushing hard on demand while new supply remains stubbornly low,” Shaun Hildebrand, Urbanation’s senior VP, said in a release.
Hildebrand added the conditions should improve “at least somewhat” in the latter part of the year as more condo projects are completed and buyers adjust to the new mortgage lending rules introduced in January.