Saudi Arabia Is Making a High-Risk $1 Trillion Bet on Tourism
The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
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The kingdom must overcome a conservative image and concern about human rights. Visit the desert oasis town of AlUla to understand the challenge.
Jury selection was completed Friday for Donald Trump’s first criminal trial, setting the stage for opening arguments Monday in a New York case accusing the former president of falsifying business records to conceal a sex scandal before the 2016 election.
Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Apr 17, 2017
The Canadian Press
TORONTO - Mayor John Tory says he plans to discuss Toronto's lagging rental supply, a vacant property tax and the lack of real estate data when he meets Tuesday with the federal and Ontario finance ministers.
The meeting between all three levels of government was arranged earlier this month in an effort to address soaring house prices in Canada's largest city.
Last week, the head of the Bank of Canada warned of growing speculation in the Toronto housing market and said a correction there could reverberate in other parts of the country.
Provincial Finance Minister Charles Sousa is expected to address the issue in his budget next week after dropping hints that he will aim to tackle speculation.
The provincial Liberal government is facing growing pressure to do something to address housing affordability in the Greater Toronto Area, where the average price of a detached house hit $1.21 million last month, up 33.4 per cent from a year ago.