Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.
The jury in Donald Trump’s hush money criminal trial heard a secret recording in which the former president discussed a payment with his then-lawyer Michael Cohen months before the 2016 election.
A “broken” model in banking is creating issues for financing in the commercial real estate industry, according to Josh Zegen, co-founder of Madison Realty Capital.
Nov 9, 2016
The Canadian Press
Vancouver city staff have unveiled a proposal for a one-per-cent tax on empty homes that would become the first of its kind in Canada, if approved by city council.
The proposal would require all homeowners in the city to self-declare whether a property is their principal residence, meaning the usual place they call home, where they receive mail and file their taxes.
Those that aren't principal residences and aren't rented out or exempted for a number of other reasons would be taxed one per cent of the assessed value.
That means a $1-million home would be taxed $10,000.
Mayor Gregor Robertson says the aim of the tax is not to raise revenue but rather to encourage owners to rent out their properties in a city with the lowest rental vacancy rate and highest rents in Canada.
The proposal is set to go before council next week and staff hope to have the tax in place for the 2017 year, with the first payments in 2018.