Wednesday, June 29, 2022
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China’s property troubles have pushed one debt indicator above levels seen in the financial crisis

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai'an City in Jiangsu province in east China.CFOTO |

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Co-operative Banks permitted more activities on par with commercial banks

Co-operative banks will be eligible for more services on par with commercial banks. Besides, enhances limits on housing loans, some will now be allowed to lend to commercial real estate. Besides, urban cooperative banks will also be allowed to offer door-step banking services to their customers. “Taking into account the

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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UK economy ‘one of the most vulnerable’ in the world right now due to mortgage trends, strategist says

George Clerk | E+ | Getty ImagesThere's an economic idiosyncrasy in the U.K. that makes it "one of the most vulnerable countries in the world right now," according to an investment strategist.Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its

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Citi raises its forecast for China’s GDP growth, bringing it closer to the official target

Real estate and related sectors account for at least 25% of China's economy, according to Moody's.Costfoto | Future Publishing | Getty ImagesBEIJING — China's economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday."Given the strong start of the

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The Federal Reserve is shrinking its $9 trillion bond program. Here’s what that means for your portfolio

Members of the Federal Reserve are debating how quickly to reduce the central bank's portfolio of bonds, without starting a recession.Heading into the second quarter of 2022, the balance of Federal Reserve's assets is almost $9 trillion. The majority of these assets are securitized holdings of government debt and

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U.S. is the ultimate safe haven for your money during Russia’s war on Ukraine, Blackstone’s Joe Zidle says

The world's leading private equity firm suggests the U.S. the ultimate safe haven play.According to Blackstone's Joseph Zidle, it's largely insulated from the Russia-Ukraine war fallout."The U.S. is an island of growth," the firm's chief investment strategist told CNBC's "Fast Money" on Thursday. "The U.S. is one of the

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Moody’s downgrades Chinese property developer Shimao as debt troubles drag on

Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Moody's downgraded Chinese property developer Shimao Group Holdings on Wednesday based on expectations that the company will find it harder to repay investors

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Asset quality issues to affect performance of real estate-focused non-banks till FY2023: Study

The real estate asset under management (AUM) of non-banks, which registered degrowth of 10 per cent in 2021, is likely to further contract by 5-10 per cent in 2022 and stabilise in the next year, says a report. The performance of non-banks (non-banking financial companies and housing finance companies) in

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